Broadridge Financial Solutions announced the successful recovery of almost $1 million in payments. The recovery was implemented by EDS who used its Payment Recovery Services (PRS) to help Broadridge save money while enabling the improvement of procurement processes.

Broadridge discovered it could recover money owed due to overpayments and duplicate and erroneous payments to vendors. The ITO contract signed with EDS helped Broadridge manage its vendor relationships more effectively. In addition to enabling the recovery of such funds, EDS used PRS to identify outstanding credits owed back to Broadridge.

Steven Mianowski, senior director of Finance Shared Services at Broadridge Financial Solutions, commented: “We needed a solution to recover lost funds, identify the issues that led to overpayments and resolve unclaimed credits.” He continued; “With EDS Payment Recovery Services, we have been able to enhance our relationships with suppliers while increasing the adherence to our procure-to-pay processes.”