NorthPoint introduces reporting system to aid Dodd-Frank compliance

Source: NorthPoint Financial

NorthPoint Financial, a leading provider of software solutions and services for Hedge Funds, Asset Managers, and Service Providers, continues to innovate with the introduction of the NorthPoint Regulatory and Investor Reporting System to help buy-side firms comply with reporting mandates set forth by Dodd-Frank and EU Commission regulations. NorthPoint Financial provides support for Form PF and AIFMD.

In addition, reporting for the OPERA initiative is slated as an upcoming enhancement to the platform. NorthPoint Financial's single platform solution offers a scalable approach for additional regulatory and reporting requirements on the horizon.

"Today's buy-side firms require a robust platform to ensure compliance - one that is more than just a simple data repository with a few hastily designed views into that data," said Joseph Amarante, Managing Partner, NorthPoint Financial. "They require a platform that manages the lifecycle of reporting data to ensure operational efficiency and consistency expected by today's regulators and investors. Our platform has been designed with this in mind."

Some select features of the NorthPoint Regulatory and Investor Reporting System include:

• 'One' application to centrally prepare and manage all filings
• Enterprise approach to data load, integration and management
• Client customizable business logic for calculations per filing type

The NorthPoint Regulatory and Investor Reporting System can be used as a stand-alone solution or in conjunction with NorthPoint Financial's robust Data Warehouse/Portfolio Management System and it has been implemented successfully at 20 buy-side firms. Funds will find the software robust and integration process with any data warehouse can be turned around very quickly.

"In developing this all-round regulatory and investor reporting product offering, we were aware early on that the trend set by the US SEC would not end with just the Form PF mandate," explained Dileep Bhat, Senior Manager, NorthPoint Financial. "We had a vision to provide clients with the best regulatory and reporting offering in the marketplace. We want to help with their data management and filing challenges not just for the short term, but also as the compliance demands and investor imperatives evolve globally."

"Today, regulations might be a 'necessary evil,' but with the NorthPoint Regulatory and Investor Reporting System, we have helped many clients provide transparency to regulators and investors and have drastically alleviated the pains normally associated with these filings," continued Bhat. "With this unified regulatory and investor reporting system, clients can now bank on an error-free, streamlined, and efficient process for each filing preparation and submission." 

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