US-based Broadridge Financial Solutions has launched a new solution suite for reconciliation and process management that improves operational efficiency levels for financial firms.
Dubbed as PROactive, the new solution offers the highest levels of automation while reducing cost and risk throughout the processing lifecycle of financial transactions.
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In addition, the firm has also launched a new seamless, real-time processing confirmations portal for sell-side firms seeking to enhance service levels with their institutional clients.
The client confirmation portal avoids paper-based communications for the affirmation of FX and NDF (non-deliverable forward) trade confirmations.
The company said that PROactive’s reconciliation solutions will enable users to reduce risk by focusing more directly on the most critical issues.
The enhancements, which feature extended range of alerts, graphical dashboards and reports, will allow users to get a clearer view of reconciliation ‘breaks’ that are segregated according to priority. Also, users will be able to build their own dashboards and inquiries in minutes and without incurring costs.
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By GlobalDataJose Contin, general manager of reconciliation and process management solutions for EMEA and Americas at Broadridge, said: "We have extended our track-record of helping firms reduce the cost of configuring new reconciliations through our new, user-friendly dashboards that help tackle prioritized exceptions in a more timely and efficient manner.
"Our new confirmations portal, available as a technology managed service, offers firms a secure and streamlined approach to confirmation and affirmation processing at a time when industry regulations, specifically around the requirement of timely confirmations, are becoming ever more prevalent," he added.
