Broadridge Financial Solutions (NYSE:BR) today announced that it has further strengthened its participation in the SwiftReady accreditation process through two new awards for its global solutions.
The accreditations include the 2012 SWIFTReady Reconciliation label for Broadridge's PROactiveTM Reconciliation solution for the third consecutive year; in addition to the 2012 SWIFTReady for Corporates - Treasury label for Broadridge's SWIFT transaction management solution, STM PROactive, representing a renewal from 2011.
In today's evolving marketplace, global regulatory requirements and increasing transaction volumes demand greater operational efficiency and risk management, causing organizations to look for ways to substantially improve processing control and transparency. Broadridge's PROactive Reconciliation solution provides extensive functionality for both internal and external reconciliation across cash, payments, securities and derivatives, supporting the early detection of exceptions and their timely resolution with the minimum amount of manual intervention. The solution supports enterprise-wide, multi-company operations and offers a range of deployment choices including SaaS, BPO and onsite implementation.
Through STM PROactive, Broadridge offers a comprehensive transaction management and workflow solution for treasury departments wishing to maximize the benefits of using SWIFT on either a centralized, regional or local market basis. This global payments and financial transaction messaging service drives efficiency across all banking and treasury relationships within an organization, helping to reduce treasury processing costs and risk by centralizing payment and collection - domestically and cross-border - while significantly enhancing process controls. Many typical business functions are supported through standard modules including confirmations, payments, cash management and investigations, which can then be integrated with Broadridge's global SWIFT service or with other treasury management systems.
"Broadridge continues to reinforce its leadership position as a strategic, global provider of SWIFT-certified solutions and services, and fully deserves to be recognized through these accreditations," said Filip Versluys, Head of Partner Management, SWIFT. "As financial institutions, together with corporates across all verticals, increasingly turn to SWIFT for standardized, secure and cost-efficient messaging, they can take full advantage of Broadridge's complementary best-in-class business technology, safe in the knowledge that it is certified by SWIFT and backed by Broadridge's exceptional reputation for service quality."
Robert Harris, Product Manager, Broadridge, said, "We are thrilled that SWIFT has once again recognized our global suite of accredited solutions. As challenges persist and companies face growing pressure to comply with new regulations and business drivers, Broadridge is dedicated to helping clients successfully navigate the evolving competitive landscape. Through continued investment in our expanding range of SWIFT-based solutions and services, we reinforce our commitment to delivering long-term business value for clients worldwide."