CIBC Mellon Global Securities Services Co. today announced enhancements to Workbench, its browser-based tool for the delivery of fully electronic financial reporting to plan sponsors and institutional investors.
CIBC Mellon says Workbench provides key asset servicing information such as real-time cash data, custody, accounting and performance, analytics, securities lending and benefit disbursements.
The enhancements include:
- Workbench Express – the ability to automatically deliver clients’ reports and Workbooks to their designated printer, e-mail account, an internal shared drive or an FTP server, facilitating faster access to information while reducing administrative functions and support.
- Web Client Reporting – the browser version of Client Reporting, which provides clients with access to a library of reports that can be run, shared and stored in a classic workbook format.
- Dashboard Reporting – an at-a-glance, graphic representation of portfolio information, which enables clients to assess information faster and expedite the decision-making process.
- Real-time cash ledger reporting – provides real-time cash balances, using information sourced from cash ledger tables in our custody system.
“Based on client feedback and working with Mellon, we sought to develop and implement enhancements to Workbench that would significantly improve our clients’ asset servicing experience,” said Thomas MacMillan, CIBC Mellon president and CEO, in a release. “By offering pension plan sponsors and institutional investors a complete suite of online tools, particularly Workbench Express, we can help simplify their asset reporting and analysis process, and facilitate faster, more informed investment decisions.”