Client Overview
- Global Investment Bank / multi asset class coverage: FX, FXO, Fixed Income, Commodities, Bonds, Repos
Problems Faced
- Limited precision in trade-level fee calculations
- Insufficient reconciliation capabilities
- Accrual inaccuracies
- Complex front-to-back transaction cost analysis
- Data silos and fragmentation in legacy architecture
- Absence of dependable Management Information
Broadridge Solution
Broadridge's Fee Billing solution is tailored for sell-side firms, streamlining labor-intensive processes into a single, agile solution.
- Efficient expense fee calculation spanning multiple asset classes
- Precise trade and invoice-level reconciliation
- Robust Business Intelligence capabilities
- Industry-leading Managed Service offering
- Comprehensive audit trail for transparency
Why Broadridge
- Minimal manual intervention, maximum STP throughout the trade lifecycle
- Versatile, handling multiple assets, currencies, and FX
- Scalable MSO team with deep industry expertise and broker relationships
- Precise calculations and reconciliations at both invoice and trade levels
- Transparent cost management
- Proven track record of cost savings
- Consolidation of global transaction operations
Client Results
- Broker feedback showcasing reduced Aged Receivables balances
- Broker payment turnaround times reduced by 66%
- Lifetime savings exceeding $1.3 million
- KPI insights for effective rate negotiations with brokers
- Reduced headcount through our world-class Managed Service Offering
- Monthly reconciliation of over 550 broker invoices
- Comprehensive Management Information Reporting
Product spotlight: Enterprise fee billing management solution for financial institutions
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Talk to our experts
- Robust functionality: Calculate fees without additional development
- Comprehensive subledger: Supports multi-currency
- Efficient workflow: Enables STP and ensures due diligence
- Unified collaboration: Different teams, one dataset
We’re happy to share our expertise to you can asses where you are and where you need to be.