Confluence Technologies, Inc. (“Confluence”), a global leader in data-driven investment analytics and regulatory reporting solutions, has released a new capability within its Revolution Composites platform that delivers standard GIPS® verification exports built specifically to the requirements of The Spaulding Group (TSG).
This enhancement streamlines the verification process for asset managers by eliminating the time-consuming task of manually mining and formatting data and responding to multiple requests. Instead, clients can now generate and deliver precisely formatted TSG-standard verification reports at the push of a button – reducing operational risk, accelerating timelines, and lowering the cost of verification. The new export standardizes and automates this workflow, reducing delays and improving accuracy.
“The Revolution Composites platform was already a powerful tool for managing and reporting composite data,” said Damian Handzy, Manager Director, Analytics at Confluence. “With this new enhancement, and our collaboration with TSG, we’re taking a step further – embedding automation and standardization directly into the workflow to simplify a critical, high-friction task for our clients and their verification partners.”
“As the second largest verifier in the world, we know that when it comes to GIPS standards compliance and verification, the biggest challenges many firms face aren’t about intent, but execution. Too often, the verification process gets bogged down in formatting issues and repeated data requests. This collaboration with Confluence directly addresses that problem, giving firms that comply with the GIPS standards a standardized, automated way to provide exactly what we need. It saves our clients time, reduces risk, and allows everyone to focus on the real purpose of verification, which is allowing firms to stand behind their compliance with confidence while building greater trust in their performance reporting,” said John D. Simpson, CIPM, Chief Verification Officer, TSG.
