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Confluence Releases Technology-Enabled Solution to Tackle Complex AIFMD Reporting Challenge

Alternative investment fund managers no longer need fear the reporting and regulatory requirements of the Alternative Investment Fund Manager’s Directive. A new web-enabled solution from Confluence combines automated software with a European service team to make AIFMD compliance easier and less expensive for both European and non-European fund managers. Released this week, the solution can be implemented in time for fund managers to meet the approaching 2014 filing deadlines.

The Confluence Unity NXT™ AIFMD Transparency Reporting solution combines web-based software hosted in Luxembourg with a European service team focused on European regulations, specifically AIFMD. It can be implemented by any alternative investment fund manager seeking to automate data collection and calculation, improve accuracy through standardized workflows, and reduce the costs and time associated with producing AIFMD-compliant regulatory reports. PwC Luxembourg has reviewed the compliance of the application's elements and computations with the AIFMD reporting standards. By using standardized processes to collect, calculate, file and store data, the application reduces risk and improves quality and accuracy. Additionally, the solution automates filings to all regulators across the EU.

“AIFMD reporting doesn’t have to be a burden,” said 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.”

The solution features an intuitive dashboard with a built-in error checker to flag missing data points, validate calculations, and record valuation assumptions for compliance purposes. A formal workflow captures inputs, changes and approvals from different users based on their roles, and the application’s formal audit trail and document archive capabilities facilitate regulatory and service reviews. The release conforms and addresses the reporting needs to the National Competent Authorities, in accordance with the AIFMD, the AIFM-Regulation and ESMA/2013/592.

“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,” Confluence Chief Operating Officer Skip Smith said. “Further, fund managers can now feel more confident in the regulatory information they certify and present to senior management and their boards.”

In September of this year Confluence announced the acquisition of Data Agent, a leading alternative investment industry data management and automation technology company and a proven provider of Form PF and Form CPO-PQR regulatory reporting solutions. The acquisition provides Confluence with the experience and expertise to deliver a data management and automated solution to solve the complex regulatory reporting demands of the Alternative Investment Management Fund Directive (AIFMD) as AIFMs across the globe are bracing to comply with the Directive that was transposed into national law in July of 2013.

To learn more about implementing Unity NXT™ AIFMD Transparency Reporting contact Confluence by email at [email protected] or call +352 27 99 97 07 in Europe or +1 412 802 8632 in North America.

About Confluence

For more than 20 years the global investment management industry has come to trust Confluence to deliver innovative solutions to take the risk out of fund administration. Helping investment management companies gain unprecedented control, Confluence automates every step of the fund administration process – including the collection, creation, confirmation and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times and the scalability to automate more processes without additional resources.

Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. From the Confluence traditional install, hosted and outsourced Unity® platform solutions to our enterprise-grade SaaS enabled Unity NXT platform, Confluence automates critical fund administration and reporting processes – such as regulatory reporting, financial statement preparation and performance reporting. Confluence solutions support a wide array of collective fund investment types – including European domiciled UCITS, alternative investments, traditional U.S. based ’40 ACT mutual funds, and contemporary fund structures such as ETFs.

Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with key locations in San Francisco, CA, London and Luxembourg. For more information, visit

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