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--(BUSINESS WIRE)--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,” said Todd Moyer, President and Chief Operating Officer at Confluence. “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.”

To learn more about Confluence Unity reporting solution and TSR, go to: https://www.confluence.com/solutions/investor-communications/tailored-shareholder-reporting/

About Confluence

Confluence is a global leader in enterprise data and software solutions for regulatory, analytics, and investor communications. Our best-of-breed solutions make it easy and fast to create, share, and operationalize mission-critical reporting and actionable insights essential to the investment management industry. Trusted for over 30 years by the largest asset service providers, asset managers, asset owners, and investment consultants worldwide, our global team of regulatory and analytics experts delivers forward-looking innovations and market-leading solutions, adding efficiency, speed, and accuracy to everything we do. Headquartered in Pittsburgh, PA, with ~700 employees across North America, the United Kingdom, Europe, South Africa, and Australia, Confluence services over 1,000 clients in more than 40 countries. For more information, visit www.confluence.com.