BRx Match - Reconciliations

Reconciliation of data takes many forms and serves multiple purposes whether it’s critical operational or risk control, underpinning transformation projects or delivering complex time critical regulator mandated processes. The challenge has been performing the variety of tasks with a single reconciliation platform. Tools designed for business-users frequently lack the rich features to handle the most complex reconciliations and vice versa; traditional enterprise reconciliation platforms are often too expensive and time-consuming to apply to non-critical reconciliations. This leaves firms using multiple solutions including non-audited, uncontrolled manual processes.

Broadridge’s BRx Match addresses these challenges through a truly holistic cloud-based reconciliation and matching solution. All in one platform – BRx Match solves both complex and simple reconciliations, with business user self-build functionality. It automates the entire reconciliation process from the earliest point, resulting in improved efficiency, business control, transparency, and accuracy, while reducing risk and total cost of ownership..

BRx Match is unique, offering multiple matching engines under a single UI; providing users with a consistent user experience for managing both complex and simple reconciliations. From self-service onboarding of simple recs to the design of multi-step, x-way reconciliations it delivers on the promise of a true enterprise-wide platform. It exists in a Control framework that provides flexible data acquisition options, exception management capabilities, audit trail, archive and reporting.

ONE PLATFORM FOR ALL YOUR RECONCILIATION NEEDS (COMPLEX & SIMPLE)

• A single, cloud-based platform for complex reconciliations, intersystem reconciliations and data integrity requirements.
• All in one place – it solves both complex and simple reconciliations, with business user self-build functionality.
• One control solution for all reconciliations with a combined audit trail, single archive and same user experience.
• Improves productivity and delivers greater operational and risk control.
• Bespoke reconciliation needs can be quickly and easily onboarded.

KEY FUNCTIONALITY

• Self-Service: Puts the power of onboarding new reconciliations in the hands of the user.
• Connectivity: Extensive range of out-of-the-box libraries available and simple onboarding of new or custom sources.
• Data Enrichment: Make your data work for you to deliver higher quality reconciliations.
• Matching: Hybrid Reconciliation Engine at the core of the solution delivering flexible scalable repeatable matching.
• Exception Management: Flexible workflow-based exception resolution with an AI driven module.
• Reporting and Data Visualisation: Access any data quickly and easily via a fully functional, flexible user Interface.

EFFICIENCY AND SIMPLIFICATION FOR CLEARER RECONCILIATIONS

• Provides better insights into operational and regulatory risks helping you make quicker, more informed decisions and take immediate actions.
• Drives enhanced efficiency and simplification in your reconciliations and exception management workflow.
• Complex reconciliations can be designed, built, tested and put into production with our professional services teams using a fast-track deployment methodology.
• With business user self-build capabilities, it accelerates the onboarding of new reconciliations to deliver unparalleled control and a consistent user experience with full audit trail, holistic reporting and dashboarding capabilities.
• Simple online connectivity to a flexible scalable platform.
• An extensive library of out-of-the-box data connectors ready to get your reconciliations up and running quickly and easily.

SPEED, SECURITY, FLEXIBILITY

• Flexible, scalable processing whatever the complexity of your reconciliations.
• A single cloud platform for complex reconciliations, intersystem reconciliations and data integrity requirements.
• A simple 5-step approach to self-build enables business users to build, test and refine new reconciliations continuously.
• Accelerates the onboarding of new reconciliations within a control framework that provides exception management, a full audit trail, archive and intuitive user experience.
• Utilizing an AI & Machine learning framework users can continually improve time consuming tasks such as break allocation.