01 August 2014

Arkk ships cloud-based AIFMD reporting tech

11 June 2014  |  1324 views  |  0 Source: Arkk Solutions

Arkk Solutions, the UK and Ireland's leading regulatory and statutory reporting software provider, announce the launch of their new XML reporting solution for Alternative Investment Fund Managers falling within the scope of the EC AIFMD regulatory framework, which is due to come into effect on 22 July 2014.

AIFMD has introduced a multiple-set of transparency requirements, reporting of which involves a complex process of data sourcing, validation, calculations, mapping and filing in specific technical format, XML. 

With less than a couple of months to go until the end of the AIFMD transitional period, there is an increasing demand in the fund management industry for easy-to-implement and reliable AIFMD reporting solution. To address this need, Arkk has built a powerful validation and conversion engine that uses an Excel template of the information required by ESMA and converts it to XML for submission to the competent local authority.

Arkk's XML reporting solution is cloud-based which means that it requires no installation and optional systems integration. This further means that there is no lengthy training and specific technical knowledge needed, which leaves fund managers to focus on data quality and reporting. The use of Excel templates also ensures full data control, while the integrated automated validation and data consistency checks provide extra peace of mind.

The solution is specifically designed for all Private Equity Funds, Property Funds and Hedge Funds which fall under scope for AIFMD.

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