Securities trading firms are trending toward a crossroads for corporate actions processing. True automation is coming to a realm that has been held back by manual or partially manual activities. To overcome these problems, many firms either have an automation project underway or are preparing to launch an effort for that last mile to automation.
The reasons for doing so have become painfully clear:
Despite an onslaught of IT and market disruptions, the promises of automation have consistently remained true for corporate actions processing. More than ever, firms need to cut operating costs, optimally manage high tides of corporate actions volumes, bolster client care, and make workflows more flexible.