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NEW YORK – Jan. 29, 2020 – Broadridge Financial Solutions, Inc. (NYSE:BR), 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.
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with over $6 billion in revenues, provides the critical infrastructure that powers investing, corporate governance, and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than $10 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.
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