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Confluence: Investment Fund Administration Technology
Contact: Robert Minicucci, +1 603.488.5856, Robert@warnerpr.com, www.confluence.comConfluence's Technology Helps Investment Management Companies Succeed in a New Era of Transparency and Regulation
Synopsis
When the world's leading mutual fund, hedge fund, and other investment management companies need help with vital regulatory, financial and marketing reporting requirements, they turn to Confluence.
Headquartered in Pittsburgh, Confluence is a global leader in fund administration automation-helping with the collection, creation, confirmation, and delivery of investment product data. The firm counts more than 40 percent of leading investment managers globally as its clients. As new demands for transparency add complexity to fund companies' reporting, Confluence helps them take control through data consolidation and automated fund administration processes.
Overview
Confluence is unique in the financial services technology arena as the only provider of a comprehensive fund administration platform -- the UnityTM platform. Leveraging one centralized database, Unity enables the automation of critical fund administration processes, from financial reporting to post-trade compliance.Confluence's technology eliminates "error-prone" manual spreadsheets still commonly used for data management. Benefits include:
- A reduced risk of errors;
- Lower operational costs;
- Decreased reporting turnaround times; and
- The scalability to deal with increased reporting frequency and additional funds without adding resources.
As the SEC, International Accounting Standards Board, Committee of European Securities Regulators, and other regulatory bodies call for additional transparency and investor disclosures, Confluence provides the flexibility and scalability needed to respond.
The rich technology and financial services talent the Pittsburgh area offers has been fundamental to Confluence's success and growth. The company, founded in Pittsburgh in 1991, has been named to:
- The Pittsburgh Business Times' list of "Pittsburgh's 100 Fastest Growing Companies" in
1999 - 2003, and in 2006, 2007, and 2008; - The Pittsburgh Technology Council's Tech 50 in 1998 and again in 2007; and
- The Inc. 500 in 2000.
Investment management clients benefit from Confluence's innovation and knowledge team. While the company operates globally with offices in London and Luxembourg, Confluence is proud to call Pittsburgh home.
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