Confluence, the provider of automated data management solutions, has launched Unity, a unified fund administration platform.
Unity is set to be the first integrated platform which has the potential to automate and integrate critical fund administration processes, including the collection, creation, confirmation, and delivery of investment product data.
“Investment management companies invest millions in IT infrastructure, but their back offices still rely on multiple manual processes and spreadsheets, which are unnecessarily time-consuming and error-prone,” says Kirk Botula, senior vice president and chief operating officer of Confluence.
According to Confluence, by automating these processes through Unity, companies can eliminate errors, speed up reporting, lower process costs and handle more funds with fewer resources.