Latest Revport update improves user control, and fee calculation and billing efficiency
Broadridge Financial Solutions, Inc. (NYSE:BR) announces it has released an updated version of its leading revenue and expense management software, Revport. The latest release includes new functions and tools for the asset management industry to more efficiently calculate, validate, manage and report their expansive billing and fee agreements.
Revport is a flexible, rules-based technology application that tracks and calculates fees across a variety of complex workflows and improves revenue reporting. Asset managers around the world have utilized Revport’s automated fee and billing processes for more than 18 years to achieve more efficient accounting functions, faster and more accurate billing and better forecasting.
The new capabilities were developed in close collaboration with Broadridge’s growing global client base. Client focus groups, feedback and surveys helped determine these latest enhancements. These include new and improved workflow, payout and budgeting modules, charging condition enhancements, accrual processing and data-driven dashboards.
“We continually look for ways to innovate and enhance our revenue and expense platform to meet the evolving demands of our clients and stay ahead of industry trends,” said Eric Bernstein, president of Broadridge’s Asset Management Solutions. “The changing investing landscape is complicating billing and fee arrangements. Regulatory scrutiny continues to rise, and firms are being squeezed to control operational costs. Firms need an agile investment operations platform that delivers efficiency and transparency, and can integrate seamlessly with other technologies.”
Companies can utilize Revport technology, while many also opt for Broadridge to host and manage the function as well. Terence Faherty, general manager of Broadridge’s Revenue and Expense Management business, added, “These hosted and managed service offerings, along with new automation tools and advanced analytics, dramatically lower clients’ costs while providing better insight into revenue and expense streams.”
Broadridge Financial Solutions, Inc. (NYSE:BR) a global fintech leader, provides investor communications and technology-driven solutions for broker-dealers, banks, mutual funds and corporate issuers globally. Broadridge’s investor communications, securities processing and managed services solutions help clients reduce their capital investments in operations infrastructure, allowing them to increase their focus on core business activities. With over 50 years of experience, Broadridge’s infrastructure underpins proxy voting services for over 90 percent of public companies and mutual funds in North America, and processes more than $5 trillion in fixed income and equity trades per day. Broadridge employs approximately 10,000 full-time associates in 16 countries. For more information about Broadridge, please visit www.broadridge.com