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About Broadridge

Global Asset Manager Shortens Invoice Cycles and Streamlines Compliance

Shorten invoice cycles, support audit requirements and eliminate manual processes.

Case Study:

  • Business growth required financial automation. By implementing the Broadridge Fee Billing Management platform to automate its processes, the firm was able to identify over $1 million of misallocated revenue, reduce errors and save significant staff time.
  • Client Overview: Global Asset Management Firm / AUM: $300B +

Problems Faced:

  • Struggling with operational inefficiencies and unreliable manual revenue and expense management systems, leading to delays and errors in financial processes.
  • Lack of accurate and transparent reporting capabilities, resulting in increased audit time and higher risk of errors.
  • Growing business and significant assets under management (over $300 billion) putting pressure to unify and modernize fragmented approaches to achieve scalability and improved operational effectiveness.

Broadridge Solution:

  • Broadridge enterprise fee billing management solution supporting Asset Managers, Wealth Managers, and Capital Market business lines.
    • Revenue & Expense Fee Billing
    • A/R & Collections
    • Reconciliations
    • Business Intelligence

Why Broadridge:

  • The client chose Broadridge's comprehensive solution to automate fee processes
  • Broadridge identified and addressed time-consuming manual tasks and data inconsistencies
  • Implemented straight-through processing for fee invoicing, accrual calculations, and general ledger postings
  • Streamlined and refined processes, reducing manual interventions and improving operational efficiency
  • Broadridge's comprehensive solution included a robust rules-based engine for compliance and financial controls
  • Ongoing support from Broadridge empowered the firm's financial controls department to respond effectively to internal challenges

Client Results:

  • Identified and recovered over $1 million of misallocated revenue, effectively stemming revenue leakage between business units
  • Minimized errors through streamlined processes
  • Significantly reduced time spent on error-prone manual processes, allowing resources to focus on more critical tasks
  • Created reporting efficiencies, cutting monthly accrual performance time by half a day
  • Improved transparency, saving at least 1-2 weeks annually in the audit process

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+1 800 353 0103North America
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