LAKE SUCCESS, N.Y., October 15, 2012 – Broadridge Financial Solutions, Inc. (NYSE:BR) announced today that Kimberly-Clark Corporation (NYSE:KMB) has selected Broadridge to be its global service provider for international banking communications across the SWIFT financial messaging network. According to the agreement K-C, known globally for its trusted brand-name products such as Kleenex and Scott, will become the latest industry-leading corporation to leverage Broadridge’s services to reduce costs and manual processes associated with supporting diverse bank payment infrastructures.
In today’s increasingly global marketplace, leading corporations are looking for ways to maintain a competitive edge and achieve efficiency gains, while driving down costs. Global companies interact with a wide range of financial institutions to support their business and while this diversification is necessary and beneficial, it can also create redundant processes in treasury operations.
Broadridge’s SWIFT service provides two-way automated messaging between K-C’s business entities and its financial counterparties for the full SWIFT library – including payments, confirmations, trade initiation, securities, treasury, statements and other key business functions. Users without existing knowledge of SWIFT formats can input any type of message, which is then automatically transformed into the appropriate SWIFT format.
By joining SWIFT through the Broadridge service, it enables K-C to standardize its operational processes worldwide, leading to increased efficiency from a consistent, highly-automated and secure service. Additional benefits include:
According to Jay Pila, SVP and General Manager of Americas, Securities Processing Solutions International, Broadridge, “I am thrilled to welcome Kimberly-Clark to our SWIFT service. Its global operations naturally generate a complex requirement, and therefore a tremendous opportunity in how to best architect its SWIFT message flows. Through our team’s highly-skilled domain experts across Asia, Europe and the Americas – together with our software solutions – Broadridge has a proven track record of successfully enabling companies like Kimberly-Clark with the ability to benefit from well-practiced, low-risk conversion methodologies and optimized process management for SWIFT deployment. We look forward to a long-term and highly-effective relationship.”
Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 175 countries. Every day, nearly a quarter of the world's population trusts K-C's brands and the solutions they provide to enhance their health, hygiene and well-being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depends, Kimberly-Clark holds the No. 1 or No. 2 share position in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 140-year history of innovation, visit www.kimberly-clark.com.
Broadridge Financial Solutions, Inc. (NYSE:BR) is the leading provider of investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and other corporations. Broadridge’s investor and customer communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge's infrastructure underpins proxy voting services for over 90% of public companies and mutual funds in North America and processes on average $5 trillion in equity and fixed income trades per day. Broadridge employs approximately 10,000 associates in 16 countries.
For more information about Broadridge, please visit www.broadridge.com.