Enhance Group, a Jersey-based investment consultancy firm, has selected Unity NXT AIFMD Transparency Reporting from Confluence for its AIFMD transparency reporting requirements.
“Considering the highly detailed and complex task of collecting and validating the data, calculating the responses and filing the reports electronically in the specific technical and language requirements of multiple regulators, we were looking for a robust technology solution that provided us with accuracy, control and a fully auditable process,” says Enhance Group alternative investment consultant Nicola Le Brocq.
“Confluence has deep expertise in alternative investment data management and automation and a proven track record with similar alternative investment regulatory reporting challenges, such as Form PF required by the Securities and Exchange Commission in the US.”
As part of its investment reporting practice, Enhance offers risk analysis and reporting solutions specially tailored for the AIFM board of directors and risk committees to monitor risk material to the underlying funds. The Enhance Group’s AIFMD transparency reporting outsourced service is an efficient complementary solution designed for AIFMs and their fund administrators.
With the Unity NXT AIFMD Transparency Reporting product Enhance Group can provide the expertise and technology to relieve their clients of the labour intensive demands of complying with AIFMD reporting requirements.
“By outsourcing to Enhance Group, with our team of data management specialists to handle their AIFMD reporting needs, our clients can focus on their core duties as AIFM or third party fund administrator,” says Le Brocq.
“As the transitional period draws to a close and the July deadline approaches, many alternative investment fund managers and their fund administrators are just now realising the specialised complexity of the reporting requirement facing them,” says Melvin Jayawardana, Confluence European market manager. “With Unity NXT AIFMD Transparency Reporting, Enhance Group can ensure accuracy and control over the entire reporting process – from the collection of data, to the calculation of answers, to the approval of the form, to the submission of the filing.”