Northern Trust has enhanced reporting capabilities for its Benefit Payment Services offering, which issues more than 1.3 million pension and savings plan distributions each month. Through Passport, Northern Trust's Web portal, sponsors can access an array of reports. The enhancements let clients choose when, how and in what format they can view their benefit payments data.

Institutional users can now customize specific data elements that can be downloaded to a spreadsheet, making the data more manageable, according to Geordan Capes, global head of Passport product and consulting business. “This allows our clients to carve out specific data and manipulate it using the format that they are most comfortable with, whether that be a standard report or a spreadsheet,” explains Capes.