Problems Faced:

• Struggling with operational inefficiencies and unreliable manual revenue and expense management systems, leading to delays and errors in financial processes.
• Lack of accurate and transparent reporting capabilities, resulting in increased audit time and higher risk of errors.
• Growing business and significant assets under management (over $300 billion) putting pressure to unify and modernize fragmented approaches to achieve scalability and improved operational effectiveness.

Why Broadridge:

• The client chose Broadridge's comprehensive solution to automate fee processes
• Broadridge identified and addressed time-consuming manual tasks and data inconsistencies
• Implemented straight-through processing for fee invoicing, accrual calculations, and general ledger postings
• Streamlined and refined processes, reducing manual interventions and improving operational efficiency
• Broadridge's comprehensive solution included a robust rules-based engine for compliance and financial controls
• Ongoing support from Broadridge empowered the firm's financial controls department to respond effectively to internal challenges