Linedata and AutoRek Partner to Automate Reconciliation for Asset Managers

Quick Summary

Linedata and AutoRek have launched a strategic partnership to integrate automated reconciliation into Linedata’s managed services. This collaboration allows asset managers to eliminate manual spreadsheet processes, reducing the 15.9% of operational budgets typically lost to fixing errors caused by legacy workflows and manual data entry.

How Does the Linedata and AutoRek Partnership Improve Workflows?

Here is how Linedata solves operational friction for asset managers by offering AutoRek’s platform as a fully managed service. Instead of dealing with the complexities of standalone procurement and software implementation, clients can access automated reconciliation through Linedata’s existing co-sourcing model. This approach ensures that technology-agnostic solutions are delivered with the same staffing governance and oversight that clients already trust.

• Zero Implementation Burden: Clients avoid the traditional barriers of licensing and staffing.
• Certified Expertise: Linedata’s operations teams are formally trained and certified to run the AutoRek platform.
• Seamless Integration: The tool exists alongside Linedata’s proprietary platforms to provide a comprehensive service suite.

Why is Automated Reconciliation Critical for Asset Managers?

Manual processes continue to be a significant drain on capital markets operations. Recent research indicates that 53% of firms still rely on spreadsheets for reconciliations, leading to massive inefficiencies. As transaction volumes rise, 85% of firms admit their current operational processes would struggle to keep pace without significant digital transformation.

“Linedata and AutoRek share a common goal: to deliver the best technologies to asset managers that will transform their financial operations,” says Jonathan Hinkley, Head of Global Services at Linedata. “This partnership, built on an established operating model with the same staffing governance, and oversight structure as Linedata’s other co-sourced services, will give customers unrivalled tools to manage their investments with maximum ease and efficiency, rather than standalone software to run themselves.”

What are the Global Implications of this Collaboration?

This partnership significantly expands the geographic footprint for both entities. Linedata will leverage AutoRek’s strong presence in the UK and Northern Europe, while AutoRek gains a powerful distribution channel to accelerate growth in North America, APAC, and France. By combining SaaS, automation, and AI, the two firms are setting a new standard for investment operations.

“We're excited to be partnering with Linedata, a firm that shares our commitment to helping clients achieve real operational outcomes, not just deploying software, especially in an era when organisations are struggling to implement new technologies effectively, at scale”, said Martyn Ward, CRO of AutoRek. “Together, we're reshaping asset management around the principles of tighter integration, support for clients' service models, and future-forward tools shaped by SaaS, automation, and artificial intelligence technologies”.

FF NEWS TAKE:

This partnership moves the needle by addressing the "implementation gap" that plagues many fintech adoptions. By wrapping automated reconciliation into a managed service, Linedata removes the primary excuse for inertia: lack of internal resources. For asset managers, reclaiming 15.9% of their budget from manual error correction isn't just an efficiency gain; it's a competitive necessity in an increasingly high-volume market.