Atlantic Fund Services Selects Confluence Form N-PORT & Form N-CEN Regulatory Reporting and Prospectus Solutions
Consolidating with single provider for consistency and control through data integration, aggregation and reusability
February 6, 2017
Pittsburgh, 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.
Atlantic Fund Services is an independent third-party administrator providing comprehensive fund servicing solutions for mutual funds, series trusts, closed-end funds, private funds and bank funds. Atlantic provides fund launch management, legal and regulatory administration, fund accounting and tax recordkeeping, performance reporting, financial reporting, transfer agency, shareholder services, and compliance services. Headquartered in Portland, Maine, Atlantic's experienced professionals have provided high quality, customized services for over 30 years. For more information, please visit www.atlanticfundservices.com.
Confluence is a global technology solutions provider delivering innovative products to the worldwide money management industry, to meet asset managers’ and service providers’ performance, reporting, analytics, risk and data needs. With the recent acquisition of StatPro, Confluence offers its clients a broader range of data-driven managed investment solutions including post-trade regulatory and shareholder reporting, performance and attribution, portfolio analytics, and asset data services and data management, delivering a full technology suite to the front, middle and back office. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with locations across Europe, North America, South Africa, Australia and Asia.