Global fintech Broadridge has enhanced its multi-asset portfolio and trade order management platform, introducing new general ledger capabilities and a revamped user interface.

These updates align with the company’s aim to provide a cohesive investment management solution that boosts operational efficiency and oversight while facilitating quicker, more informed decisions.

New General Ledger Features and User Interface

Broadridge acknowledges that firms in the alternatives and broader asset management sector face pressure to streamline their technology systems for greater control and competitiveness. To address these challenges, Broadridge is currently updating its platform to incorporate a general ledger while redesigning its user interface.

The new ledger functionalities augment the company’s portfolio management system by incorporating period accounting and financial statement reporting directly into the investment platform. This feature provides a fund-level general ledger that tracks all investment activity, offers tools for making period adjustments, workflows to finalize each period, and generates financial statements.

Additionally, it enables users to create a shadow book of record, which helps in improving the accuracy and efficiency of monthly closure processes and facilitates comparison with official fund administrator records. In light of high demands for transparency, automation, and compliance from asset managers, this platform supports robust fiduciary controls, operational stability, and enhanced data precision.

To complete these new ledger functions, Broadridge has also introduced a refreshed user interface to ensure an intuitive and user-friendly experience. The updated UI combines the workspace for portfolio managers and traders into one, streamlining workflows and unifying portfolio management with risk management, reporting, and analytics. This reduces the need to switch between multiple screens, thereby enabling faster and more informed decision-making.