August 17, 2011
Broadridge Financial Solutions Turns Volumes of Data into Salient Information for Brokerage Services Firms with the Monarch Report Analytics Platform from Datawatch
CHELMSFORD, Mass. and LAKE SUCCESS, N.Y., Aug. 17, 2011 /PRNewswire/ -- Datawatch Corporation (NASDAQ-CM: DWCH), the leading global provider of report analytics products and services, is a key partner to Broadridge Financial Solutions, with Datawatch's Monarch Report Analytics platform powering Broadridge's PostEdge Ã®, a cost-efficient, web-based platform for electronic document storage, self-service delivery and customized presentation.
Broadridge provides brokerage firms outsourced document services. Using the Monarch Report Analytics platform, Broadridge's experts in financial documents model client's reports to mine up data from more than 200 million pages per month.
"PostEdge is all about efficiency," said Andrew Besheer, vice president, customer communications, Broadridge. "Efficiency for Broadridge's clients to access the data they need when they need it. Our significant experience in data mining for financial documents - combined with the ease of use of the Monarch Report Analytics platform - means we can onboard a new client in as little as one day. In just one day we can put just about any customizable report within the client's reach quickly, efficiently and securely.
"Broadridge clients have moved from a world with no ability to mine the data trapped in the volumes of their transactional data, to one where they simply ask us to model a new report for them and deliver it the same day," continued Besheer.
Broadridge's financial data experts can quickly meet client requests using Monarch, a key component of the Monarch Report Analytics platform. Broadridge has developed subject matter expertise in building Monarch report models, and are experts in the underlying financial services data. Broadridge's data experts have built nearly 9,000 report models in Monarch.
PostEdge also manages all of the governance requirements to help satisfy SEC retention and archival requirements for the operational reports generated by a broker dealer's core system of record. It is able to do this because Monarch Enterprise Server, another component of the Monarch Report Analytics platform, extracts the data directly from the source files, and presents it in PostEdge, without anyone touching the data. By having a direct, automated route from the source document to the analysis platform, PostEdge eliminates all risk of manual re-keying and human errors.
"Monarch Enterprise Server delivers a very granular level of security and data assurance - it can govern data access based on flexible business rules and secure the information contained in reports down to the individual transaction level," stated Harvey Gross, CTO, Datawatch.
Broadridge is a technology services company focused on global capital markets. Broadridge is the market leader enabling secure and accurate processing of information for communications and securities transactions among issuers, investors and financial intermediaries. Broadridge builds the infrastructure that underpins proxy services for over 90% of public companies and mutual funds in North America; processes more than $3 trillion in fixed income and equity trades per day; and saves companies billions annually through its technology solutions. For more information about Broadridge, please visit http://www.broadridge.com.
About Datawatch Corporation
Datawatch Corporation (NASDAQ-CM: DWCH) empowers organizations to transform the massive amounts of valuable information that is trapped in static reports, PDF files, HTML and other content-rich, but difficult-to-use data sources, into a dynamic information analytics system that accelerates and improves decision-making throughout their operations. Datawatch's technology allows its more than 40,000 customers worldwide to leverage the investments they have made in reports from ERP, CRM and other custom applications into a high performance analytic information system at a fraction of the cost and time of traditional approaches. Datawatch is headquartered in Chelmsford, Massachusetts with offices in London, Munich, Sydney and Manila, with partners and customers in more than 100 countries worldwide. For more information, visit http://www.datawatch.com.
Ã© 2011 Datawatch Corporation. Datawatch, Monarch and their respective logos are trademarks or registered trademarks of Datawatch Corporation in the United States and/or other countries. All other names are trademarks or registered trademarks of their respective companies.
SOURCE Datawatch Corporation