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About Broadridge

Press Release

Broadridge Launches Unified Cash and Stock Reconciliations, the Latest Innovation for Operational Control

Solution to Enhance Risk Management and Drive Efficiency

LAKE SUCCESS, N.Y., October 29, 2012 – Broadridge Financial Solutions, Inc. (NYSE:BR) today announced a significant evolution in its leading reconciliation and operational control solution, PROactiveTM, to enable the combined reconciliation of related cash and stock positions, together with all underlying transactions, in a single unified, optimized process.  By introducing this new capability, Broadridge enables firms to benefit from incremental levels of operational efficiency, while further mitigating their cost and risk exposure.

Traditionally, many financial organizations have based their reconciliations on entirely separate matching processes for cash and stock, even when they relate to the same underlying transactions.  While this approach has aided the operational efficiency for each process, it has been necessary to provide a separate link or manual check between the cash and stock in order to trace the impact of a failed match in one area upon the other.  As a result, this causes exposure due to the time and effort required to track and resolve the issue.

Through its new enhancement, Broadridge clients now have the choice of continuing with separate reconciliations for cash and stock, or adopting its new, combined approach whereby cash and stock transactions are matched in a single operation that is linked to all related cash balances and stock positions.  By adopting the new approach, firms will be able to identify the root cause of exceptions at greater speed, with a comprehensive, intuitive view of all linked components relating to both the cash and stock.  This, in turn, minimizes the risks associated with matching delays, such as funding, reporting or settlement-related exposures that are so critical in today’s environment.

“Our commitment to continued, substantial R&D investments enables us to support firms seeking to gain tangible cost- and risk-related benefits through this innovative yet logical next step in the advancement of reconciliations and operational control,” said Robert Harris, Product Manager, Broadridge.  “The inherent business-focused, flexible design of the PROactive solution enables us to incorporate and deliver this important market enhancement without requiring our clients to undergo a major disruptive change or work-around.”

Since its acquisition of City Networks in 2010, through which Broadridge acquired its range of reconciliation and operational control solutions, Broadridge has consistently delivered new market enhancements to position itself at the forefront of this business area.  This includes an extended choice of deployment options through the launch of SaaS and BPO services, comprehensive responses to market and regulatory changes such as the new derivatives matching requirements driven by the Dodd-Frank Act and EMIR, and the delivery of new business solutions to address emerging market segments.

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