Broadridge Launches Forecasting Module within its Asset Management Revenue and Expense Management Solution

Broadridge Launches Forecasting Module within its Asset Management Revenue and Expense Management Solution
29.01.2020 11:23 am

Broadridge Launches Forecasting Module within its Asset Management Revenue and Expense Management Solution

Asset Management , Wealth Management

Broadridge Financial Solutions, Inc., a global Fintech leader and part of the S&P 500® Index, announces the launch of a new forecasting module within its leading revenue and expense management platform. Often performed on disconnected spreadsheets and applications or done manually, the process of projecting fees and constructing budgets can now efficiently be performed along with revenue and expense processes within a single technology platform.

Broadridge’s revenue and expense management solution tracks and calculates fees across a variety of complex workflows and helps asset managers and other financial services providers improve revenue reporting. The technology is used by asset managers, hedge funds, wealth and bank clients globally to automate processes to achieve more efficient accounting functions, faster invoicing, streamlined expense reconciliation, more accurate billing, improved auditing and now forecasting. 

“Broadridge is committed to driving innovation and making technology enhancements to better meet the needs of our clients,” said Andrew Peddar, head of Broadridge’s revenue and expense management solutions. “The ability for financial services firms to forecast revenue and expenses so efficiently is going to help them make better business decisions and do so with more confidence. This enhancement provides additional opportunities to automate and streamline separately managed processes, eliminate duplicate data repositories and increase visibility and control.”

The forecasting module allows clients to leverage existing billing constructs and data already within the revenue and expense platform, eliminating the need to re-configure on multiple platforms. Clients can comparatively analyze revenue and expense results with an unrestricted approach for running projections, allowing for forecasting using actual data from past and present time periods to create accurate and consumable future forecasts. The technology features what-if modelling, where clients can transpose real-world scenarios into their forecasting. The ability to flexibly select and grow data enables clients to systematically interject a variety of change elements to their data throughout the forecast.

The new forecasting module takes advantage of Broadridge’s recently announced strategic partnership with Sisense. Embedded Sisense data intelligence tools provide dashboards and insightful management information reporting in the complex budgeting and forecasting process.

 

Related News

Axyon AI expands advisory board

Axyon AI, the leading AI provider for asset management firms, has added three experienced names to its panel of senior advisors... Read more »

BTON Financial partners with genesis to automate trading for asset managers

BTON Financial, the independent outsourced dealing desk for asset managers and genesis, the Low Code Application Platform for Capital Markets, are pleased to announce their... Read more »

“2020 5th Global Asset Allocation Focus” will be held in Shanghai in June

Global Asset Allocation Focus 2020 (hereinafter referred as GAAF2020), founded in 2016. With a four-year proven-track record, GAAF2020 will invite more than 500 participants... Read more »

Research Management Platforms Poised for 100% Adoption Among Asset Managers in Next Two Years

Asset managers are rapidly implementing dedicated research management platforms as the push to automate investment team workflows expands across the front-office, according to... Read more »

Coin Metrics Raises $6M

Coin Metrics, the leading provider of Cryptoasset Data and Infrastructure for institutional investorsannounced today that it completed a $6 million... Read more »

GDF Supercharges Global Regulatory Affairs Capability With New Partnership & Four Senior Appointments

Global Digital Finance (GDF), the industry body advocating and accelerating the adoption of digital assets, today announces... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel