In the wake of increasing demand for reconciliation solutions across the globe, the recent agreement will further strengthen AutoRek’s presence in the region.

The company has been providing reconciliation and order-to-cash solutions to major financial services companies and is looking to expand its global network.

Hill Group managing director Lukasz Józwik said that having established a strong presence in the Polish IT market, the company will develop offerings throughout 2013 for the financial sector, mainly the insurance and banking industries.

AutoRek co-founder and managing director Gordon McHarg said that the UK market remained one of its best-performing areas and the growth in demand for its products has helped drive expansion into other territories.

"By investing in our partnerships, we are able to capitalise on the opportunities that exist in other regions and help achieve our aim of becoming a global player within the data reconciliation sector," McHarg added.

AutoRek focuses in the development and application of reconciliation, client money, cash allocation, balance sheet attestation, anti-money laundering and performance management solutions.