Case Study: Leading Banking Institution achieves faster, more flexible reconciliation with Broadridge

Quick, Easy Modernization of Reconciliations Systems Enhances Business Agility for a Leading Banking Institution

Leading Banking Institution, a member of the Société Générale group in Central and Eastern Europe, needed a faster, more robust reconciliation solution. Its existing system could not support easy creation of new reconciliations, custom matching rules, enriched data files, or better exception management and reporting, and the bank faced an aggressive deadline to replace it.

Broadridge implemented its reconciliation solution in three months, migrating account static, transactions, and balances for Nostro and Internal Suspense accounts. Broadridge delivered improved matching rates, role-based workflow, streamlined exception management, and enriched data management, resulting in a more independent, flexible, accurate, and efficient reconciliation process with more flexible reporting and white-labeled client reports.