BNY Mellon Announces New Report Solutions for Asset Servicing Clients

Online, custom report templates cut time and effort to address regulatory reporting requirements

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Dec 04, 2012, 08:05 ET

BOSTON, Dec. 4, 2012 /PRNewswire/ -- BNY Mellon, the global leader in investment management and investment services, has announced the release of Report Solutions, a new suite of dynamic, online report templates addressing the rapidly evolving regulatory and custom needs of its Asset Servicing client base.

Accessible by more than 50,000 users through the company's Workbench^SM web platform, Report Solutions offers clients an online library of report templates to assist in the preparation of regulatory filings and other reporting purposes. Users can browse the library, view sample outputs, and copy, tailor and share templates as needed.

Working closely with global clients and industry experts, BNY Mellon developed specific Report Solutions across a wide range of topics, such as fair value hierarchy analyses, CAFR, pricing vendor analyses, custom maturity schedules, and general ledger reporting. Employing Workbench's flexible, interactive tools, users can further customize reports by summarizing, regrouping, charting, inserting data, drilling into, and exporting results into various formats.

"Report Solutions is a powerful tool to help pension funds, plan sponsors and fund managers handle a host of regulatory and custom reporting needs," said Steve Boor, BNY Mellon managing director of Global Information Delivery Products. "The combination of content and advanced online tools greatly reduces the time and effort clients have to spend on these activities. Report Solutions is uniquely positioned to help users now and as regulations continue to evolve."

In recent years, FASB and the International Accounting Standards Board have worked to create a common set of global accounting standards, leading to new guidelines in areas such as fair value. It's also meant public and non-public entities now have greater responsibility for understanding the valuations assigned to hard-to-value assets, as well as more stringent oversight of the valuation process.

BNY Mellon Asset Servicing offers clients worldwide a broad spectrum of specialized asset servicing capabilities, including custody and fund services, securities lending, performance and analytics, and execution services. BNY Mellon Asset Servicing provides services through BNY Mellon and other related companies.

BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $27.9 trillion in assets under custody and administration and $1.4 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.4 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn more at www.bnymellon.com or follow us on Twitter @BNYMellon.

SOURCE BNY Mellon