Confluence Helps Clients Achieve Compliance with SEC Tailored Shareholder Reporting
30 Julio 2024 - 8:55AM
Business Wire
Confluence’s industry-leading solution
successfully completed TSR filings for fund administrator and asset
manager clients
Confluence Technologies, Inc. (“Confluence”), a global
financial technology solution provider for regulatory, analytics,
and investor communications, announced today that its
industry-leading Unity platform suite of products went live and
completed filings for the U.S. Securities and Exchange Commission’s
(SEC) Tailored Shareholder Reports (TSR). Confluence helps fund
administrators and asset managers produce TSR documents and filings
for tens of thousands of classes and achieve compliance with the
SEC TSR.
Confluence developed its investor communications solution to
ease the data management challenges and automate the creation,
publishing, and Inline eXtensible Business Reporting Language
(iXBRL) tagging of the TSR documents. The solution removes
recurring manual work and user interaction to return final
documents in seconds rather than days to weeks.
To produce TSR documents, Confluence worked closely with the
industry to understand the needs and business challenges for easy
and repeatable data integration, and template creation, driving
efficiency in production and successful filing of compliant
documents.
Confluence integrated its new and innovative Rex artificial
intelligence solution to solve the reconciliation challenges of
producing multiple concurrent documents. Confluence Rex mines and
pinpoints discrepancies in both language and numerical information
between financial statements and TSR documents, including those
produced by a third-party provider. Confluence’s clients can
leverage Rex to automate the task of reconciling thousands of
common data points and commentary across the production, delivering
consistency and uniformity of publicly facing materials.
“We have had an amazing response from clients as we worked
together to meet the TSR readiness and reporting deadline,” said
Todd Moyer, President and Chief Operating Officer at Confluence.
“We are extremely appreciative of our client relationships in
delivering this best-in-class solution and the opportunity to
partner with them throughout the process of preparing for these new
SEC reporting enhancements. Being the partner of choice for clients
is not something we take lightly; we pride ourselves on delivering
solutions that evolve the regulatory and compliance needs of the
industry.”
To learn more about Confluence Unity reporting solution and TSR,
go to:
https://www.confluence.com/solutions/investor-communications/tailored-shareholder-reporting/
About Confluence
Confluence is a global leader in enterprise data and software
solutions for regulatory, analytics, and investor communications.
Our best-of-breed solutions make it easy and fast to create, share,
and operationalize mission-critical reporting and actionable
insights essential to the investment management industry. Trusted
for over 30 years by the largest asset service providers, asset
managers, asset owners, and investment consultants worldwide, our
global team of regulatory and analytics experts delivers
forward-looking innovations and market-leading solutions, adding
efficiency, speed, and accuracy to everything we do. Headquartered
in Pittsburgh, PA, with ~700 employees across North America, the
United Kingdom, Europe, South Africa, and Australia, Confluence
services over 1,000 clients in more than 40 countries. For more
information, visit www.confluence.com.
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Vanja Lakic confluence@cognitomedia.com