Merck Partners with Broadridge for Real-Time Treasury Transformation and Enhanced Account Visibility

Merck Teams Up with Broadridge for Treasury Operations Enhancement

In a groundbreaking move, Merck KGaA, a leader in global science and technology, has partnered with Broadridge Financial Solutions, a prominent Fintech organization, to reshape its treasury operations. This collaboration aims to provide real-time account visibility and streamline financial management across Merck’s vast network of over 400 global accounts.

Announced on September 29, 2025, this partnership is part of a broader initiative encompassing Swift's Instant Cash Reporting service. By leveraging Broadridge's advanced capabilities, Merck will enjoy seamless access to balance and transaction information through Swift's Service Bureau and SCORE+ services. This innovation marks a significant advancement from the traditional next-day reporting, ensuring timely and precise financial insights crucial for effective liquidity management.

The Need for Real-Time Financial Data

Merck acknowledged the complexities and costs associated with sustaining proprietary APIs across numerous banking partners. Johann Lee, Principal Expert at Merck, noted, "Broadridge has been instrumental in addressing our corporate treasury’s fundamental challenges. Its SCORE+ platform will provide a unified and standardized channel for real-time data, significantly enhancing our cash management processes." This strategic collaboration not only optimizes operations but is also poised to improve Merck's overall payment processing experience, thanks to the instantaneous visibility now afforded.

The transition to Instant Cash Reporting represents a second major enhancement delivered through Swift's Corporate Evolution initiative. Broadridge's technological prowess ensures efficient connectivity and optimal transaction throughput across various financial messaging types, from payments to corporate actions.

Overcoming Traditional Challenges

Traditionally, treasury management has posed challenges for corporations like Merck, requiring separate API implementations for each banking relationship. Broadridge's system mitigates this by allowing up to 1,000 accounts to be managed efficiently through a single API call. This unified method is a game-changer for Merck, which engages in thousands of API transactions annually, potentially generating around 900,000 intraday reports. The enhanced efficiency of accessing immediate financial data translates into better decision-making capabilities for corporate treasurers.

Furthermore, Merck’s move reflects a broader shift in corporate finance towards modernized and integrated technological solutions. Kai Marzenell, Director of Swift Product Management at Broadridge, stated, "We are radically transforming how large corporations like Merck handle their liquidity. The integration empowers them to manage their financial operations more efficiently than ever before."

Looking Toward the Future

Broadridge is committed to developing additional API-enabled services to enrich the corporate payment experience. Upcoming functionalities, including tools for payment preparation and recall capabilities, will address the evolving demands of corporate treasurers and offer a comprehensive payment ecosystem.

As the financial landscape continues to evolve, such strategic partnerships between technology leaders and global corporations will undoubtedly reshape operational efficiencies, enhance liquidity management, and drive innovation in treasury operations. Broadridge continues to set the pace in the Fintech sector with its relentless commitment to operational excellence and transformative technologies, facilitating smooth transitions into these modernized frameworks. For corporations like Merck, the future of treasury management looks brighter than ever, marked by efficiency and improved financial insights at their fingertips.

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is recognized on a global scale for its transformative technology and expertise. The company plays a pivotal role in the operational integrity of the financial services industry, providing various solutions to enhance performance and investor experiences. With a robust infrastructure processing over 7 billion communications annually, Broadridge’s systems underpin trillions in daily trading across various securities, establishing the company as a leader in the Fintech space.

For further information about their offerings or to explore how they can enhance your financial operations, visit Broadridge's Official Website.