Company Overview of Confluence Technologies, Inc.
Confluence Technologies, Inc. provides automated data management solutions for the investment management industry worldwide. It offers Unity, a unified fund administration platform to solve a range of problems from performance measurement to customized reporting for mutual funds, variable products, alternative investments, and other instruments. Its platform includes Unity Benchmarks to automate the process of collecting index-level values, and calculating and updating benchmark returns; Unity Budgeting for budget and expense analysis; Unity Expense Management to automate expense management; Unity Expense Payments to address expense payment and documentation function phases; Unity Financial ...
600 River Avenue
Pittsburgh, PA 15212-5935
Founded in 1991
Key Executives for Confluence Technologies, Inc.
Senior Vice President and General Counsel
Senior Vice President of Services
Compensation as of Fiscal Year 2013.
Confluence Technologies, Inc. Key Developments
Confluence Appoints Sal Pent as Managing Director of Support Services
Jan 29 14
Confluence announced that Sal Pent has joined the company as a Managing Director of Support Services. Based in London, Pent will oversee the company's global customer service and product support operations as Confluence continues to expand its global footprint. Pent brings over 20 years of financial services and technology experience to his role, including executive roles with JP Morgan in the United States and the United Kingdom that include executive technology positions in treasury and securities services, electronic fund services, and treasury services management.
Confluence Technologies Mulls Acquisition
Jan 29 14
Confluence Technologies, Inc. is looking for acquisitions. Sal Pent, who has joined as a Managing Director of Support Services, said, “I am excited to join an established global firm that has such a strategic focus on global growth through product innovation, client loyalty and strategic acquisitions. Our top-tier client base will be the foundation of our continued success. Executing on a centralized global delivery model and engaging our loyal clients as partners to grow our global presence in the EMEA region is a top priority in 2014.”
Confluence Releases Technology-Enabled Solution to Tackle Complex AIFMD Reporting Challenge
Dec 10 13
Alternative investment fund managers no longer need fear the reporting and regulatory requirements of the Alternative Investment Fund Manager's Directive. A new web-enabled solution from Confluence combines automated software with a European service team to make AIFMD compliance easier and less expensive for both European and non-European fund managers. Released this week, the solution can be implemented in time for fund managers to meet the approaching 2014 filing deadlines. The Confluence Unity NXT(TM) AIFMD Transparency Reporting solution combines web-based software hosted in Luxembourg with a European service team focused on European regulations, specifically AIFMD. It can be implemented by any alternative investment fund manager seeking to automate data collection and calculation, improve accuracy through standardized workflows, and reduce the costs and time associated with producing AIFMD-compliant regulatory reports. PwC Luxembourg has reviewed the compliance of the application's elements and computations with the AIFMD reporting standards. By using standardized processes to collect, calculate, file and store data, the application reduces risk and improves quality and accuracy. Additionally, the solution automates filings to all regulators across the EU. The solution features an intuitive dashboard with a built-in error checker to flag missing data points, validate calculations, and record valuation assumptions for compliance purposes. A formal workflow captures inputs, changes and approvals from different users based on their roles, and the application's formal audit trail and document archive capabilities facilitate regulatory and service reviews. The release conforms and addresses the reporting needs to the National Competent Authorities, in accordance with the AIFMD, the AIFM-Regulation and ESMA/2013/592.
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