Corporate Action challenges in 2020

The global pandemic turned the modern workplace on its head as companies pivoted to a remote operations model. This new way of working has impacted how corporate actions are processed.

A record number of companies suspended or extended dividends in H1 2020. In consistencies increased significantly. And companies cancelled or delayed corporate actions.

But, financial institutions can still maintain corporate action best practices during this volatile time. Here are some tips:

• Prioritize: There’s never been a better time for technology that provides real-time transparency as well as workflows, risk dashboards and productivity tools
• Go digital: Industry participants must work together to sunset manual processes and replace them with digital solutions.
• Optimize: Review, then enhance, operations by adopting new technologies and outsourcing opportunities, including managed solutions.
• Embrace the Cloud: Firms need to look at how they can remotely integrate new services that can be accessed in the cloud when teams can’t physically be in the same location.
• 2020 is the year to transform operating models, adopting new technology and embrace an agile response to global challenges.

S&P Global can help your organization increase the accuracy of it’s corporate actions issuances, uncover discrepancies and offer advanced customer servicing capabilities.

Find out more here: ihsmarkit.com/corporateactions2020