Validate the balance, match the transactions, sign off the period.
Aurum validates your bank balances daily, matches transactions at item level even where your general ledger only holds daily totals, feeds differences and write-offs back to your ERP as journals, and gives you a period-end sign-off with the evidence already attached. Reconciliation becomes a control your risk team can point to, not a spreadsheet they have to trust.
How can Aurum help banks and building societies?
Streamlining financial control from the balance to the sign-off.
Validate the balance daily, not just at month end
Balance validation and transaction matching are two different controls, and most teams only run one of them properly. Aurum takes the daily closing balance from the bank alongside the transaction detail and proves both: that the balance is right, and that every movement behind it is accounted for. A difference is visible on the day it appears rather than at the end of the cycle.
Match at transaction level when your ledger only holds daily totals
Where volumes are high, the general ledger is often updated with aggregated daily totals per transaction type, which makes transaction-level matching impossible against the GL alone. Aurum reconciles three ways — general ledger, bank statements and your core banking or servicing system — so the aggregate in the ledger is proved by the individual items behind it, and every system stays aligned.
Reconcile every rail through one process
Cash, cheques, Faster Payments, Bacs, CHAPS, card receipts, SEPA and SWIFT all arrive differently and clear on different timelines. Aurum reconciles them together, absorbs the time difference between a cheque being received and cleared through calendar rules, and handles branch-aggregated totals with one-to-many matching so a daily branch figure still proves out to individual items.
Turn differences and write-offs into journals automatically
A reconciliation that ends in a list of differences has only done half the job. Aurum takes write-off items from your ERP, applies your thresholds and approval rules, and feeds the resulting differences and write-offs back as journals — so the ledger reflects the reconciliation without anyone re-keying it, and every write-off carries the approval that authorised it.
Clear suspense and transitory accounts continuously
Suspense is where unexplained items go to age quietly, and an ageing suspense balance is one of the first things an auditor or a supervisor asks about. Aurum raises each item as a case with an owner and an age, escalates on your own thresholds, and reports the balance by age so the account is cleared continuously rather than investigated at period end.
Reconcile the lending book, not just the bank account
Loan and mortgage servicing carries its own reconciliation: instalments collected against amounts due, interest accrued against interest charged, arrears, redemptions and early settlements against the ledger. Aurum reconciles the servicing system against the general ledger and the bank, so the book value you report is the book value you can evidence.
Sign off period end with the evidence already attached
Period-end reporting needs an owner, an approval and a trail behind every figure. Aurum gives you a central sign-off with clear ownership per account and transaction type, visibility of that ownership across every entity, and an immutable record of who certified what and when — assembled as the work happens rather than before an audit.
Bring subsidiaries and acquired books onto one process
Groups rarely run one entity or one system. Aurum reconciles across subsidiaries and acquired books without requiring them to be migrated first, with rules, calendars and permissions inherited through your structure, so a new entity is a configuration change rather than a project.
What results did Aurum deliver in Banking?
Building societies, specialist banks and lenders use Aurum to move from monthly to daily reconciliation, cut matching time, and turn reconciliation into a control they can evidence.
2h to 30m
daily matching time across one society's accounts
25%
decrease in time spent on reconciliation
20
accounts reconciled automatically for a society serving over 500,000 members
Day 1
full bank reconciliation completed on the first day of the month
“Aurum quickly became our favoured option. It was cost-effective and offered all of the functionality of the high-end system combined with the greatest amount of flexibility to meet our reconciliation requirements.”
Eddie Inskip
Financial Systems and Forecasting Manager
“Aurum quickly became our favoured option. It was cost-effective and offered all of the functionality of the high-end system combined with the greatest amount of flexibility to meet our reconciliation requirements.”
Eddie Inskip
Financial Systems and Forecasting Manager
“Aurum quickly became our favoured option. It was cost-effective and offered all of the functionality of the high-end system combined with the greatest amount of flexibility to meet our reconciliation requirements.”
Eddie Inskip
Financial Systems and Forecasting Manager
What does Aurum FinanceOS do?
AI powered, all in one platform to centralise your finance operations.
Data collection that runs itself
Financial Data Automation connects to your banks, core banking platform, loan servicing system, card processor and ERP through APIs, Open Banking, SFTP or web portals where no API exists, and reads the formats banks actually send — MT940, MT950, CAMT, BAI and more. It can also listen to an inbox and process a statement or advice that arrives as a PDF, so reconciliation starts from clean data rather than a folder of downloads.
Matching you configure, not code
One-to-one, one-to-many and many-to-one matching configured per account, with tolerances for rounding, fees and interest, and calendar rules that absorb clearing times so timing differences never reach your queue as breaks. Rules are built and adjusted by your own team, with rule creation, approval and execution controlled by separate permissions.
End-to-end exception management
Unmatched items become structured cases with severity, category, owner and full comment history. Work queues are prioritised by materiality and due date, breaks that miss their deadlines escalate automatically, and everyone sees one consolidated view of what is outstanding and where the bottlenecks are.
Journals and write-offs posted back to your ERP
Journal Entry Automation turns reconciled outcomes into double-entry journals using your own posting rules and GL mapping, including write-offs within tolerance, rounding differences, currency differences and fees. Route them through approval thresholds before anything reaches the ledger, and post directly to SAP, Oracle, Xero or whatever you run.
Data collection that runs itself
Financial Data Automation connects to your banks, core banking platform, loan servicing system, card processor and ERP through APIs, Open Banking, SFTP or web portals where no API exists, and reads the formats banks actually send — MT940, MT950, CAMT, BAI and more. It can also listen to an inbox and process a statement or advice that arrives as a PDF, so reconciliation starts from clean data rather than a folder of downloads.
Matching you configure, not code
One-to-one, one-to-many and many-to-one matching configured per account, with tolerances for rounding, fees and interest, and calendar rules that absorb clearing times so timing differences never reach your queue as breaks. Rules are built and adjusted by your own team, with rule creation, approval and execution controlled by separate permissions.
End-to-end exception management
Unmatched items become structured cases with severity, category, owner and full comment history. Work queues are prioritised by materiality and due date, breaks that miss their deadlines escalate automatically, and everyone sees one consolidated view of what is outstanding and where the bottlenecks are.
Journals and write-offs posted back to your ERP
Journal Entry Automation turns reconciled outcomes into double-entry journals using your own posting rules and GL mapping, including write-offs within tolerance, rounding differences, currency differences and fees. Route them through approval thresholds before anything reaches the ledger, and post directly to SAP, Oracle, Xero or whatever you run.
Multi step sign-off built in
A central sign-off hub with a complete audit trail, ownership assigned per account and transaction type, and visibility of that ownership across every legal entity and business unit — so period-end certification is part of the process rather than a separate exercise in a spreadsheet.
Embedded AI
Aurum's AgentOne works inside the product you are already in. Ask why a balance did not validate and it answers from the data on screen, proposes the matching rule for a new account or drafts the correcting entry for your approval. It holds its own identity, acts on behalf of a named person, and writes nothing without a human approving it.
Deployment on your terms
Run Aurum as a dedicated single-tenant cloud instance, or deployed fully into your own environment where your security and IT requirements demand it. Several of our banking clients run on-premise for exactly that reason, with role-based access control and segregation of duties enforced either way.
Best support in the industry
Get support that moves at your pace. On average, we answer in 21 minutes and resolve 87% of cases in under 24 hours, from a UK-based team with a proven track record across building societies and banks. Backed by 5 star Trustpilot reviews.
Multi step sign-off built in
A central sign-off hub with a complete audit trail, ownership assigned per account and transaction type, and visibility of that ownership across every legal entity and business unit — so period-end certification is part of the process rather than a separate exercise in a spreadsheet.
Embedded AI
Aurum's AgentOne works inside the product you are already in. Ask why a balance did not validate and it answers from the data on screen, proposes the matching rule for a new account or drafts the correcting entry for your approval. It holds its own identity, acts on behalf of a named person, and writes nothing without a human approving it.
Deployment on your terms
Run Aurum as a dedicated single-tenant cloud instance, or deployed fully into your own environment where your security and IT requirements demand it. Several of our banking clients run on-premise for exactly that reason, with role-based access control and segregation of duties enforced either way.
Best support in the industry
Get support that moves at your pace. On average, we answer in 21 minutes and resolve 87% of cases in under 24 hours, from a UK-based team with a proven track record across building societies and banks. Backed by 5 star Trustpilot reviews.
Built for financial control and audit.
Evidence the control, not just the result
Every match, adjustment, write-off, approval and sign-off is recorded as it happens, with full data lineage from a reported figure back to the source transaction.
Enforce segregation of duties
Rule creation, approval and execution sit behind separate permissions, so the control is designed in rather than asserted in a procedure document.
Surface ageing before it becomes a finding
Track how long each break, suspense item and unreconciled difference has been open, with escalation on your own thresholds.
Built for financial control and audit.
Evidence the control, not just the result
Every match, adjustment, write-off, approval and sign-off is recorded as it happens, with full data lineage from a reported figure back to the source transaction.
Enforce segregation of duties
Rule creation, approval and execution sit behind separate permissions, so the control is designed in rather than asserted in a procedure document.
Surface ageing before it becomes a finding
Track how long each break, suspense item and unreconciled difference has been open, with escalation on your own thresholds.
Get enterprise quality reporting without the complexity.
Support self-serve reporting
Build, tailor and schedule dashboards and reports without technical help, with match rates and break trends tracked over time.
Report across entities and subsidiaries
Report across legal entities, subsidiaries and business units from one unified database, consolidated or entity by entity.
Keep numbers reliable over time
Preserve data quality through enrichment on match and end to end observability across ingestion, matching and execution.
Get enterprise quality reporting without the complexity.
Support self-serve reporting
Build, tailor and schedule dashboards and reports without technical help, with match rates and break trends tracked over time.
Report across entities and subsidiaries
Report across legal entities, subsidiaries and business units from one unified database, consolidated or entity by entity.
Keep numbers reliable over time
Preserve data quality through enrichment on match and end to end observability across ingestion, matching and execution.
Who benefits?
Our product fits every kind of deposit-taker and lender, from a building society to a specialist bank, a consumer lender or a bank with subsidiaries across several jurisdictions.
How does Aurum work for banking?
We have 6,000+ integrations ready to support your banks, core systems and ledgers.
Centralise all your data into Aurum and stay in control of your finance operations.
- Period-end reporting Requires sign-off
- ERP
- Bank
- Reconcile
Here’s what you can get done with Aurum in just 30 days.
Switch to AurumOur Finance and Business Consultants have worked with some of the most brilliant finance teams in Banking. They can help you connect your systems, design better financial processes, automate the ones that work for you, apply proven approaches and best practices, configure and implement Aurum around the way your business needs to operate, and roll out Agentic automation across your team.
See Aurum FinanceOS for Banking
Automate your financial processes with us.
Aurum FinanceOS brings benefits to clients of all sizes across every industry. From bespoke setups and multi-currency operations to custom reports, regional quirks, and legacy systems, we've seen it all.
Automation from end-to-end
Compliant with all regulations
Fully scalable solution
Unique financial insights
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