Expanded services include the performance of the back-office, middle-office, corporate and finance functions of financial services firms
Broadridge Financial Solutions has extended its business process outsourcing (BPO) services beyond securities processing functions and, now enables firms to use their technology of choice while taking advantage of the company’s BPO offerings.
The company’s expanded BPO services now include the performance of the back-office, middle-office, corporate and finance functions of global financial services firms.
Broadridge also continues to provide BPO offerings to its clients in connection with its own proprietary securities processing platform.
Broadridge president of SPS International and Global Outsourcing Solutions Joseph Barra said that their metric-driven, scalable BPO solutions offer continuous process improvement and security, enabling clients to reduce fixed costs and infrastructure risk.
The back-office functions supported by Broadridge include securities clearance and settlement, corporate actions, tax reporting, mutual funds, and other books and records processing.
The middle-office functions supported by Broadridge include account opening and maintenance, and account and asset transfers.
Corporate and finance functions supported by Broadridge include traditional accounting processes such as accounts payable and management reporting and also treasury, risk, compliance and regulatory reporting.