Confluence Release AIFMD Reporting Tool

Fund administration technology provider Confluence has released a new web-based AIFMD reporting solution hosted in Luxembourg with a European service team focused on European regulations.
By Jake Safane(2147484770)
Fund administration technology provider Confluence has released a new web-based AIFMD reporting solution hosted in Luxembourg with a European service team focused on European regulations.

The software automates data collection and calculation, and it automates filings to all EU regulators. The solution also has a built-in error checker that will flag users if there are missing data points, and the standardized workflow and document archive create an audit trail for full compliance.

“AIFMD reporting doesn’t have to be a burden,” says Melvin Jayawardana, European market manager for Confluence. “We’ve put together a service team whose local knowledge combines with automated software that can be updated to accommodate any further regulatory changes. Fund managers located in Europe, and those who sell into Europe, can use this tool to make AIFMD a non-issue in time for the upcoming filing deadlines.”

“Fund managers need to focus on valuable qualitative analyses, and this application enables them to do so by reducing time-consuming manual entry and calculations,” says Skip Smith, COO of Confluence. “Further, fund managers can now feel more confident in the regulatory information they certify and present to senior management and their boards.”

In September, Confluence acquired Data Agent, which expanded the company’s technology capabilities for helping funds comply with new regulation such as AIFMD and Form PF.

«