Case Study: Leading Global Asset Management Firm reduces errors and speeds audits with Broadridge revenue and expense management

Business Growth Required Financial Automation to Shorten Invoice Cycles, Support Audit Requirements and Eliminate Manual Processes

A leading global asset management firm turned to Broadridge to address inefficiencies and unreliability in its largely manual revenue and expense management process. The fragmented approach was causing extended invoicing and billing cycles, creating pressure to improve accuracy, transparency, audit readiness, and data integrity as the business grew beyond $300 billion in assets under management.

Broadridge implemented its revenue and expense management solution to automate fee invoicing, accrual calculations, general ledger postings, and reversals, creating a more streamlined exception-only process. The results included identifying over $1 million in misallocated revenue, reducing errors, saving significant staff time, cutting monthly accrual work by half a day, and saving at least 1–2 weeks per year on annual audits.