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Confluence's reporting service solves complexities of cross-border delivery of fund information

Dublin, Ireland (19 April 2004) – Confluence is pleased to announce the official launch of Deliver, a simple and affordable reporting service designed to eliminate the complexities and reduce the costs of cross-border reporting through automation and mass customisation.

As Europe’s investment community moves to a single market system, the number and variety of organisations to which investment management firms and fund administrators need to provide information continue to increase. Deliver automates the delivery of fund pricing data and other information to any destination in any format, reducing the costs and effort associated with end-of-day reporting. Deliver customers can send daily feeds or reports to their clients, distributors, regulators, stock exchanges, and third-party vendors like Morningstar and S&P throughout Europe without a single click of the mouse.

Confluence’s first Deliver client, a major fund service provider based in the United Kingdom, is using the service to produce and deliver fund reports and data feeds to over 50 destinations, including the Financial Times, Reuters, and over a dozen investment managers.

According to Mark Evans, CEO and President of Confluence, "We launched Deliver to make our technology available to firms that are faced with the challenge of manual price dissemination and reporting processes but do not have the immediate resources or time to implement an automated solution. Our goal is to enable companies to add customers and improve their service offerings without adding costs."