U.S.-based fintech Broadridge Financial Solutions announced on Wednesday of a new forecasting module within its revenue and expense management platform. According to Broadridge, the revenue and expense management solution tracks and calculates fees across a variety of complex workflows and helps asset managers and other financial services providers improve revenue reporting.
Broadridge reported that the forecasting module allows clients to leverage existing billing constructs and data already within the revenue and expense platform, eliminating the need to re-configure on multiple platforms. The company further explained:
“Clients can comparatively analyze revenue and expense results with an unrestricted approach for running projections, allowing for forecasting using actual data from past and present time periods to create accurate and consumable future forecasts.”
Andrew Peddar, Head of Broadridge’s revenue and expense management solutions, also stated:
“Broadridge is committed to driving innovation and making technology enhancements to better meet the needs of our clients. The ability for financial services firms to forecast revenue and expenses so efficiently is going to help them make better business decisions and do so with more confidence. This enhancement provides additional opportunities to automate and streamline separately managed processes, eliminate duplicate data repositories and increase visibility and control.”
Broadridge then added the new forecasting module uses Broadridge’s recently announced strategic partnership with Sisense by embedding Sisense data intelligence tools to provide dashboards and insightful management information reporting in the complex budgeting and forecasting process.