Confluence Rex

AI-powered financial document solution

Rex automates data reconciliation between TSRs and other financial documents, delivering efficiency, accuracy, and cost savings.

         

Streamline report reconciliation with unmatched AI efficiency

Designed to meet the SEC Tailored Shareholder Report (TSR) requirements, Rex, Confluence’s first AI application, reconciles data from investor reports in seconds. Rex pinpoints discrepancies in language and numeric information between TSR and other financial documents such as annual and semi-annual reports. By leveraging Large Language Models (LLM), Rex significantly reduces manual effort, enhances accuracy and delivers efficiency, making it an indispensable tool for asset managers and fund administrators.

Unlock unprecedented efficiency and savings

Rex offers substantial benefits to asset managers, fund administrators, and other financial professionals.

  • Rapid reconciliation

    Help to reduce reconciliation time by transforming hours of manual work into mere minutes with Rex’s AI-driven engine.

  • Simple integration

    Reduce staffing and operational expenses by automating tedious tasks.

  • Improved accuracy

    Minimize human error and enhance the reliability of your fund reports.

  • Assist with significant cost reductions

    Reduce staffing and operational expenses by automating tedious tasks.

  • Advanced document intelligence

    Automate extraction, validation, and translation of information from unstructured documents for unmatched efficiency.

“TSRs are a summary of annual reports, boiled down to a few pages. The challenge is enabling consistency across the documents and their contents in the very short time frame you have before needing to file them with the SEC. Confluence Rex enables a 90% increase in efficiency on TSRs.”

Todd Moyer

President and Chief Operating Officer at Confluence

Transform TSR data reconciliation

  • Manual reconciliation challenges: Reconciling data manually within the TSR rule’s 60-day compliance window is nearly unmanageable.
  • AI-powered automation: Rex leverages LLMs to automate the review of information across and within regulatory documents and disclosures, saving time and enhancing accuracy.
  • Interrogatable model: Rex includes a model that allows clients to ask questions, validate and source information easily.
  • Rapid processing: With Rex, the LLM-enabled reconciliation may take only minutes.
  • Time efficiency: Confluence estimates a typical manager with thousands of share classes and hundreds of data points per class would require hundreds of business days for manual reconciliation.

Using proprietary AI and LLM, Rex pinpoints inconsistencies between Unity Tailored Shareholder Reports and any financial reports, delivering significant efficiency and time/cost savings in the reconciliation process.

AI driven, business value derived

  • Decrease reconciliation time while improving accuracy
  • Leverage specialized reconciliation intelligence
  • Utilize an intuitive, domain-specific user interface
  • Demonstrate control compliance to stakeholders
  • Adapt quickly to changing document comparison requirements

Speak to Our Team

Additional Resources

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When AI is a compliance team's bestfriend
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In The News: Drawdown
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Rex 1.0 press release
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Rex 2.0 press release