Atlantic Selects Confluence Form N-PORT & Form N-CEN Regulatory Reporting and Prospectus Solutions
February 6, 2017 – Confluence, the global leader in investment data management automation, today announced that Atlantic Fund Services has selected Confluence for multiple reporting needs, including the Unity NXT™ Regulatory Reporting platform for Form N-PORT and Form N-CEN reporting. Atlantic Fund Services will also implement Unity® Prospectus.
Unity NXT Regulatory Reporting, powered by Synapse™, is an automated post-trade regulatory reporting platform that emphasizes data integration, aggregation and reusability. Synapse provides a powerful data model that easily accommodates data changes to regulatory requirements in today's compressed compliance timeframes.
Unity Prospectus automates the production of fund prospectuses and is part of the Confluence Investor Communications product suite which enables data sharing across products.
"We are growing rapidly and when it comes to regulatory technology, our clients count on us to provide an industry-leading technology solution. Our primary focus is data integration and re-use, as well as the flexibility to adapt to new and evolving regulatory reporting requirements," said Chris Koons, Chief Operating Officer at Atlantic Fund Services. "We're confident that Confluence will deliver the efficiency and control we need, while providing a solution to the onerous Form N-PORT and Form N-CEN challenge."
"Reusability of data is going to be the cornerstone of regulatory reporting," said Todd Moyer, Executive Vice President of Global Business Development at Confluence. "We estimate that roughly 77 percent of the data needed for Form N-PORT will be data currently being used for a number of other reporting requirements. The Unity NXT Regulatory Reporting platform will allow Atlantic Fund Services to leverage a single, validated regulatory data set that can be reused across the entire enterprise rather than having to exchange multiple data files to meet multiple filing obligations."
Confluence has been a trusted partner to Atlantic Fund Services since 2000, when they implemented Unity Performance, Unity Price Distribution and Unity Index Reporting. With Unity NXT Regulatory Reporting, and the addition of Unity Prospectus, Atlantic Fund Services will be prepared to develop new reporting with minimal cost and complexity as data-driven reporting continues to increase.
Link to full story.