Confluence, the global leader in investment data management automation, today announced that Arendt Regulatory & Consulting has selected Confluence’s Unity NXT Regulatory Reporting AIFMD Transparency Reporting to support their clients with AIFMD reporting challenges.
Unity NXT Regulatory Reporting AIFMD Transparency Reporting is a software service that simplifies and streamlines the AIFMD regulatory filing lifecycle for asset managers and their service providers.
With over 400 data points to be collected from a variety of internal and third-party systems, the AIFMD Transparency Report is especially challenging. Unity NXT Regulatory Reporting AIFMD Transparency Reporting offers clients a way to gain control over this complex undertaking. The solution provides a truly collaborative environment for producing the AIFMD Transparency Report, covering the collection of data, the calculation of answers, the approval of the report form’s contents, and the transmission of the filing.
“With the technology and capability that Confluence brought to us, along with our own expertise on AIFMD reporting, we have been able to guide a growing range of clients,” says Odile Renner, Partner and Head of Arendt Regulatory & Consulting. “The client interface which allows our team and the client to remotely connect at the same time and review the data is a key element as we are able to continue advising the client in an efficient manner,” adds Odile Renner. From five AIFMs late in 2014 to around 40 AIFMs today, Arendt Regulatory & Consulting expects to grow steadily in the future the number of AIFMs supported by the platform.
"Confluence is already well known in the US asset management industry. It is a real added value for Arendt Regulatory & Consulting and gives them additional credentials for providing their AIFMD Reporting solutions to US alternative managers,” says Hugh Byrne, Managing Director EMEA Business Development for Confluence. “Our expert services team worked closely with Arendt Regulatory & Consulting to deliver a robust and efficient solution to streamline their regulatory filing process while providing automated validation and audit controls."
As a global leader in data-driven solutions for efficiency and control, Confluence solves tough data management and automation challenges for the asset management industry, including performance reporting, regulatory reporting, investor communications and fund expense management. Confluence solutions enable asset managers and third-party administrators to consolidate and leverage data across business operations, which results in lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources. The platform features solutions to support a wide array of fund types – including mutual funds, ETFs, alternative investments, institutional portfolios and UCITS funds. Seven of the top 10 global service providers license Confluence products and eight of the top 10 global asset managers have business processes automated through Confluence.
Headquartered in Pittsburgh, Confluence serves the international fund industry with locations in Brussels, Dublin, Ho Chi Minh City, London, Luxembourg and San Francisco.
Arendt Regulatory & Consulting is a Luxembourg specialist advisory company composed of seasoned professionals with a strong background in regulatory and business consultancy. Arendt Regulatory & Consulting offers advice and assistance to entities active in the asset management and asset servicing sectors.