Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and Sisense, a leading platform for analytics builders, announced the incorporation of Sisense’s embedded data analytics into Broadridge’s revenue and expense management application. Broadridge’s sell- and buy-side clients will benefit from enhanced data analytics, operational workflow efficiencies and transparency, helping them to gain instant insights into revenue and expense streams and achieve an advanced level of reporting.
Broadridge’s revenue and expense management solution offers a flexible, , rules-based technology application that tracks and calculates asset management, FX, transaction and performance fees across a variety of complex workflows and fee structures, and improves revenue reporting. Asset management, hedge fund, wealth and bank clients utilize Broadridge’s automated processes to achieve more efficient accounting functions, faster invoicing, streamlined expense reconciliation, more accurate billing, improved auditing and better forecasting.
Broadridge is bolstering its revenue management and billing analytics with embedded Sisense functionality, giving clients greater access to data-driven insights, dashboarding and seamless reporting, without the cost or disruption involved with building or buying a data warehouse. The enhanced dashboards include views of dynamic KPIs with the ability to immediately investigate and act on a range of items, such as revenue comparisons and aging of receivables and payables. The dashboards break free from default templates and are tailored to users’ specific needs.
“Through our work with Sisense, we’re incorporating an exciting layer of analytics and business intelligence that will instantaneously put critical P&L insights into the hands of sell- and buy-side clients,” said Eric Bernstein, Broadridge’s Head of Asset Management Solutions. “This enhancement is one of the latest innovations in our continued strategy to meet the evolving needs of our clients and help them be ready for what’s next.”
“Embedding powerful analytics from Sisense is an ideal way to unlock data insights throughout a business and give customers a competitive advantage,” said Guy Levy-Yurista, PhD, Chief Strategy Officer of Sisense. “By delivering transparency and data-driven insights within Broadridge’s solution, Sisense will help Broadridge’s clients succeed in a marketplace defined by intense cost pressure in combination with regulatory, operating and data complexity.”