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October 25, 2010

Broadridge announces ASP and BPO outsourcing services for reconciliations

Reduce fixed costs and infrastructure risk

By CBR Staff Writer

Broadridge Financial Solutions has launched a range of new outsourcing services for reconciliations and process automation.

The services include the availability of the company’s PROactive Reconciliation offering on an application service provider (ASP) service bureau basis, as well as Broadridge’s provision of BPO (business process outsourcing) services for firms wishing to outsource the operational functions associated with the reconciliation process.

The company said that firms using its services can benefit from cost and service predictability.

Broadridge International president of securities processing solutions Tom Carey said when they acquired City Networks earlier this year, it was always part of their business plan to extend customer choice through the provision of both ASP and BPO outsourcing services, while also remaining fully committed to the ongoing delivery of on-site, licensed solutions.

"I am very pleased with the speed and efficiency with which we have on-boarded this highly complementary new business line, and as a result we have been able to accelerate the pace of our product and service investments," Carey said.

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