Confluence helps clients achieve compliance with SEC tailored shareholder reporting
Confluence’s industry-leading solution successfully completed TSR filings for fund administrator and asset manager clients
Pittsburgh, PA, July 30, 2024 – 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. 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.
Todd Moyer, President and Chief Operating Officer at Confluence
About Confluence® Technologies
Confluence is a leading provider of specialist regulatory, analytics, and investor communication solutions for asset managers, asset servicers, investment consultants, and asset owners. Across performance, risk and peer analytics, regulatory filings and compliance monitoring, and shareholder reporting and document production, firms depend on Confluence for output they trust. We deliver this through deep domain expertise and purpose-built products developed over decades of research and engineering.
Confluence solutions are powered by Confluence POINT, AI-enabled automation that runs within and alongside Confluence’s trusted solutions. POINT optimizes inefficient workflows, delivering a meaningful impact on outcomes without requiring significant operational change.
Headquartered in Pittsburgh, PA, with 750+ employees in 15 offices across the United Kingdom, Europe, North America, South Africa, and Australia, Confluence services over 1,000 clients in more than 40 countries. For more information, visit www.confluence.com.
Confluence Media Contact:
Jon Schubin
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