Lombard Odier Automates Expense Management With Confluence

Lombard Odier has selected Confluence’s expense management tools to manage its Luxembourg UCITS and alternative investment fund expenses.
By Charlie Woodward(2147487990)
Lombard Odier has selected Confluence’s expense management tools to manage its Luxembourg UCITS and alternative investment fund expenses.

Confluence’s Unity NXT Budgeting automatically collects net assets, foreign exchange rates and bulk invoice payment activity via a secure environment, allocating payment activity to appropriate instruments. In addition it is able to allocate future expenses by managing fund level budgets across different currencies.

Unity NXT Invoice Payments assists asset managers in creating, reviewing and approving invoices via its invoice tracking functionality. It is intended to make more efficient the process of invoice tracking and vendor reporting.

Lombard Odier Funds’ managing director, Mark Edmonds, comments, “We view automation as key to gaining greater transparency, efficiency and control over expense management processes. The Unity NXT Budgeting solution allows us to manage expenses efficiently across multiple currencies and multiple share classes.”

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