CIBC Mellon Global Securities Services announced Monday the launch of enhancements to Workbench, its browser-based information delivery product, enabling the delivery of fully electronic financial reporting to plan sponsors and institutional investors.
Workbench provides asset servicing information such as real-time cash data, custody, accounting and performance, analytics, securities lending and benefit disbursements. The enhancements to Workbench will improve the presentation and accessibility of this information, and includes Workbench Express, which the automatically delivers clients reports and Workbooks to their designated printer, e-mail account, an internal shared drive or an FTP server.
It also includes web client reporting, the browser version of client reporting, and dashboard reporting, which provided graphic representations of portfolio information, enabling clients to assess information faster and expedite the decision-making process.
Workbench also provides real-time cash ledger reporting, giving immediate cash balances, using information sourced from cash ledger tables in CIBCs 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 C. MacMillan, CIBC Mellon president and chief executive officer in a statement. “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.”