Broadridge Enterprise Workflow
Broadridge provides software that optimizes brokerage operations productivity by automating identification, resolution, and communication of business events. Broadridge’s Enterprise Workflow suite provides Broker Dealers the ability to integrate and automate functions across the front, middle and back-offices. Broadridge has insight into opportunities and problems affecting your business, and the ability to act on them. The applications currently used by broker dealer back-offices are Margin, Purchase & Sales, and Corporate Actions.
Future initiatives will target comprehensive solutions for:
- New Account Opening
- Asset Servicing - Account Transfer, Deliveries and Cash Management
- Operations Control Management - including Segregation Deficit, Stock Loan/Borrow, Delivery Rejects, and Stock Record
- Prime Broker processing
- IRA processing
- Mutual Fund processing
- Management Dashboard
The Enterprise Workflow solution aids broker dealers in reducing risk, lowering operating costs and increasing productivity by leveraging the client-defined best practices and business rules. The application of these best practices and rules automates the traditional manual decision making processing for major back office business events. The toolset’s browser-based interface allows operations personnel and end-customers to view and respond to cases online, generate email and application alerts, and route them to designated user desktops for review, while enabling collaboration during the resolution cycle. Enterprise Workflow benefits include the more efficient use of human resources via defined best practices, enhanced management control, a transparent resolution process, and improved compliance management. The application suite uses advanced Microsoft® technologies from inception through deployment and offers clients a high-performance technology solution that is reliable, scalable and cost-effective.
Benefits of Broadridge Enterprise Workflow
Enhances Operating Efficiency.
Increases resolution efficiency by reducing the timeframes for event identification, assignment, and resolution.
Provides Scalability
Provides firms with the ability to handle increased volumes without an increase in staff.
Improves Employee Productivity
Raises productivity by decreasing time spent handling exceptions manually.
Mitigates Risk
Lowers operational risk exposure by reducing errors and introducing management controls.
Promotes Teamwork
Improves collaboration among parties responsible for event resolution.
Increases Accountability
Creates an audit trail of what actions were taken, by whom, and when.
Streamlines Operations
Moves firms closer to streamlined, fully automated straight through processing..
Enhances Control
Enables proactive, timely and accurate control of the operating environment through MIS reporting, which then drives business improvement.
Technical Features
- Raises productivity by decreasing time spent handling exceptions manually.
- Modular service components, select-as-you-go
- Single-point management of multi-dimensional organizations
- ASP (hosted) model to reduce internal cost and achieve quicker ROI; Licensing models also available
- Dynamic user interface allows advanced end-user customization
- Extensive data communication interfaces using industry standard platforms i.e. XML, MQ, NDM
- High availability application databases using Microsoft SQL Server™
- Configurable application alerts and messaging via advanced data center management tools
- Real-time data mirroring for effective disaster recovery
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