What are the challenges associated with developing an in-house solution using a workflow vendor?
The two biggest challenges a firm faces in building an in-house solution are cost and the limited best practices, research, information and experience from which to draw upon. Entering in a partnership with Ascendis may save a firm a lot of money compared to the high costs of developing, updating and maintaining their own Business Process Management (BPM) solution. Firm management can have the confidence and peace of mind that Broadridge has already invested in the production and refinement of BPM applications. Management can also feel secure knowing that Broadridge keeps abreast of the latest regulatory and compliance issues. Each BPM application was developed in concert with Ascendis clients. Whether it was a fully-disclosed, clearing, institutional or retail (full-service and discount) broker, Broadridge worked closely with its clients to address their processing needs and challenges. Ascendis eliminates the necessity of a massive information gathering undertaking a firm would have
