Confluence Rex is an advanced AI solution designed to transform the reconciliation process across a wide range of regulatory and financial documents, including annual and semi-annual reports. By leveraging Large Language Models (LLMs), Rex quickly identifies discrepancies in language and numerical data between documents. Automating traditionally manual tasks, Rex enhances accuracy, reduces workload, and delivers significant efficiency, making it an indispensable tool for asset managers and fund administrators. Beyond reconciliation, Rex provides powerful document intelligence, enabling extraction, validation, and conversion of unstructured data into usable formats for client systems. This dual functionality streamlines complex document management workflows and offers deep insights that drive operational excellence. Rex offers substantial benefits to asset managers, fund administrators, and other financial professionals, assisting with significant cost reductions by reducing staffing and operational expenses through automation. It also provides rapid reconciliation, reducing reconciliation time from hours to minutes with its AI-driven engine.

Features:

• Assist with significant cost reductions: Reduce staffing and operational expenses by automating tedious tasks.
• Rapid reconciliation: Help to reduce reconciliation time by transforming hours of manual work into mere minutes with Rex’s AI-driven engine.
• Advanced document intelligence: Automate extraction, validation, and translation of information from unstructured documents for unmatched efficiency.
• Simple integration: Leverage Rex’s fast plug-and-play implementation to start benefiting with minimal delay and setup.
• Improved accuracy: Minimize human error and enhance the reliability of your fund reports.

Transform data reconciliation

• Manual reconciliation challenges: Reconciling data manually across multiple financial and regulatory documents is time-intensive and prone to error, especially with tight compliance deadlines.
• AI-powered automation: Rex leverages LLMs to automate the review of information across and within regulatory documents and disclosures, saving time and enhancing accuracy.
• Interactive validation model: Rex includes a model that allows clients to ask questions, validate and source information easily, streamlining the verification process.
• Rapid processing: With Rex, the LLM-enabled reconciliation may take only minutes, turning tasks that typically take days or even weeks into a quick and efficient workflow.
• Time efficiency: Confluence estimates a typical manager with thousands of share classes and hundreds of data points per class would require hundreds of business days for manual reconciliation.

AI driven, business value derived

• Decrease reconciliation time while improving accuracy
• Leverage specialized reconciliation intelligence
• Utilize an intuitive, domain-specific user interface
• Demonstrate control compliance to stakeholders
• Adapt quickly to changing document comparison requirements
• Extract insights from unstructured documents with ease