Confluence has taken its fund administration products to the next level with its new Unity platform.

"There are no other platforms out there like this, this is the first of its kind to integrate all the factors of fund administration onto a single platform," Kirk Botula, senior vice president and chief operating officer at Pittsburgh-based Confluence, told The MFWire.

The new platform automates and integrates critical fund administration processes, including the collection, creation, confirmation, and delivery of investment product data.

"Other companies offer single components of this idea, no one else has a single tool," Botula said.

The following are the components that make up the Unity platform:

Unity Pricing, which allows the automated collection and confirmation of NAVs and distributions from upstream sources, creation of required daily files, and delivery to NASDAQ.

Unity Performance, which allows the automated collection of fund data, creation of returns and reports, confirmation of the calculations, and delivery of mutual fund performance and pricing data in multiple files formats via various channels. This single source for all performance needs can create more than 40 daily performance return reports and calculate more than 30 yields.

Unity Benchmarks, which collects historical and daily data from thousands of equity, fixed income and REIT indices, and delivers it to users on a daily basis.

Unity Holdings, which collects and confirms holdings data, creates reports and sub-schedules, and delivers Schedule of Investment and other reports, all under an umbrella of control with an audit trail and user rights.

Unity Financial Statements, which collects trial balance data, creates statements and notes, confirms the data against existing business rules, and delivers complete financial statements while providing control across the entire financial reporting process.

Unity Marketing, which allows marketing professionals to compile the information they need to create sales tools and investor updates, including performance and holding information, charts and graphs, manager commentary, and regulatory disclosures.

Unity Surveys, which automates the third-party reporting process, including the collection of data, creation of reports, and delivery of daily reports and data feeds to a multitude of destinations.

Unity Post-Trade Compliance, which collects portfolio, holdings and security data, creates restrictions, confirms test results, and delivers results and exceptions daily to various users, board members, auditors, and regulators.

The Unity name is also replacing the names of some of Confluence's existing products. FundStation, Clear Portfolio, IndexStream and others have been retired and replaced with names that more specifically illustrate their function and carry the Unity name.

More Unity products are also in the pipeline for Confluence, with Unity Expense Payments and Unity Budgeting becoming available later this Fall and Unity Prospectus coming in Q1 of 2008.  

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