'40 Act Mutual Funds
In the aftermath of the credit crisis, protecting the interests of the investor is more important than ever. To meet demands for transparency and control, already highly regulated '40 Act mutual funds face additional regulatory and statutory requirements. That means both providing additional reports and providing them at a greater frequency. Each new reporting requirement brings added pressure on back-office administrators to scale to meet the added workload while, at the same time, mitigating the risk of error and operating with high levels of efficiency.
Relied on by more than 60% of U.S mutual funds, Confluence solutions provide flexible options for automating fund administration data management and processing functions, thereby replacing brittle and error-prone spreadsheets and manual processes.