Broadridge Financial Solutions (NYSE:BR) today announced that it has extended its participation in the SwiftReady accreditation process through two awards for its international solutions.
The accreditations include the 2011 SWIFTReady Reconciliation label for Broadridge's PROactiveTM Reconciliation solution, representing a renewal from 2010, plus its new 2011 accreditation of SWIFTReady for Corporates - Treasury, for Broadridge's SWIFT transaction management and workflow solution, STM PROactive.
"These latest accreditations further substantiate Broadridge as a trusted provider of solutions that meet our requirements for SWIFT messaging standards and process automation," said Filip Versluys, Head of Partner Management, SWIFT. "The accreditations reaffirm Broadridge's status as a leading vendor in the reconciliation and process control marketplace, while also recognising its extended treasury offerings for the growing number of corporates turning to SWIFT to drive down bank transaction costs and improve automation."
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. It supports enterprise-wide, multi-company operations and offers a range of deployment options including service bureau, BPO and onsite implementation. The solution can offer fast-track return on investment through a fixed price implementation and a professional, well-proven implementation methodology.
Through STM PROactive, Broadridge offers a comprehensive transaction management and workflow solution for treasury departments wishing to maximise the benefits of using SWIFT on either a centralised or regional basis. Many standard business functions are supported through standard modules including confirmations, payments, cash management and investigations, and it can be integrated with Broadridge's international SWIFT Service Bureau or integrated with other treasury management systems.
Robin Kneale, Head of Stratetrategy & Product Management, Securities Processing Solutions, International, Broadridge, said, "We are proud to have been recognised by SWIFT for our extended range of accredited services. We remain firmly committed to delivering enduring business value to our clients, globally, through continued investment in our growing range of SWIFT solutions and services."