12 Regulations. 19 years. 26 countries. 28,000+ clients. 400,000 reports.
12 Regulations. 19 years. 26 countries. 28,000+ clients. 400,000 reports.
DATATRACKS
AIFMD Reporting Solutions
For Fund Managers and Fund Institutions.
Understanding the AIFMD Mandate
To increase scrutiny of AIFMs, the supervisory authority, ESMA, has come up with a new compliance model and framework for investment fund managers. The Alternative Investment Fund Managers Directive (AIFMD) of the ESMA (European Securities and Markets Authority) is a regulatory framework that aims to enhance the supervision of alternative investment fund managers (AIFMs). Under this directive, the essential requirements include the authorisation of the fund manager and control over the delegation of tasks, such as separating portfolios and risk management.
When the AIFMD Reports be filed?
AIFMD reports must be filed quarterly, half-yearly or annually, depending on the value of Assets under Management.
AIFMD Solutions
AIFMD solutions ease the compliance burden of AIFMs and ensure that all aspects of the AIFMD reporting regime are met. By harnessing effective regulatory expertise from professionals who are well-versed with the ESMA directive, AIFMD solutions aim to build the most appropriate fund structure.
Choosing the Right AIFMD Solution
Even the most seasoned fund managers find the AIFMD reporting regime cumbersome and challenging. It requires data collection from multiple sources and complex calculations, taking into account the data elements, etc. This calls for a robust solution that addresses these challenges.
Considerations for a Robust AIFMD Solution
- Multiple source integration
- Output as per the relevant schema for reporting to multiple jurisdictions
- Zero maintenance hassle
- Comprehensive validation with an ability to track back to template
- Automatic update of new ESMA requirements
- Prompt customer support
Challenges Faced by Fund Managers or Fund Administrators in AIFMD Reporting
Data Collation from Multiple Sources
Collecting and integrating data from several entities, including central administrators, portfolio managers and management companies, is cumbersome, considering the massive volumes of data that need to be collated.
Compliance with NCA is Tedious
The AIFMs are also required to comply with the required reporting format of the respective NCAs (National Competent Authorities), to which they must report, complying with over 300 points laid down by the supervisory authority, the ESMA – which puts an additional workload on alternate fund managers and fund institutions.
Review and Validation of Complicated Calculations
AIFMs are required to review and validate regulatory calculations according to the ESMA and NCA classifications – a difficult task considering the complex nature of the calculations.
How DataTracks can help?
Quality and Accuracy at its Best
From workflow, to validation, to control functionalities, DataTracks manages the generation and calculation required by the directive, in accordance with new requirements, in the required format, and ON TIME.
Stay Compliant with Changing ESMA and NCA Requirements
The agile and adaptable solution offered by DataTracks ensures that the software responds to the regulatory changes quickly, making sure that you are always compliant and that you meet the submission deadlines of both the ESMA and the NCA.
Tailored According to Your Needs
The AIFMD solutions provided by DataTracks are tailored according to the number of funds and the frequency of filing of each AIFM, which helps to overcome the challenges of AIFMD reporting.
Laying the Reporting Foundation
By implementing accurate AIFMD reporting structures, DataTracks lays a solid foundation for the compliance of AIFMs with the reporting recommendations of this directive. Not just that, but the built-in validation engine offered by DataTracks also enables AIFMs to achieve data consistency.
DataTracks boasts world-class customer support, compliance, harmonisation of supervision and validation of errors, and it offers the ideal solution for AIFMD reporting.
Features That Differentiate Us
Customers speak
DataTracks stood out from other providers of ESEF solution for its off the shelf technical solution that suits us, many years of experience and suitable references, while at the same time providing the solution at a competitive price. DataTracks has been very responsive and cooperative throughout the entire time of the ESEF vendor selection process. Good experiences kept on going also at the time of our training process. They shared with us every little detail and guided us through the mapping and tagging process. Once again, it turned out that we had chosen an excellent outsourcing partner for the ESEF solution. At this point, we are very satisfied with DataTracks services and are looking forward to take the next stepswith them.
Our focus was primarily on choosing a user-friendly and easy-to-use solution to enhance transparency and simplify our reporting efforts. The introduction of DataTracks’ Rainbow solution for ESEF convinced us as the overall package of functionality, technical requirements, intuitive operation, and support by their experts
Voor de migratie van Excel naar XBRL is contact gezocht met Datatracks. Met behulp van hun AIFMD software en instruction manual wordt het vrij éénvoudig om de Excel rapportages te downloaden, te bewerken en als XML-bestand aan te kunnen leveren. Op vragen (zowel telefonisch als per e-mail) is zeer behulpzaam en snel gereageerd, kortom mijn kennismaking met Datatracks heb ik als zeer positief ervaren.
We worked with the incredible assistance of DataTracks to ensure we successfully filed our FINREP/COREP report with the regulator. We found DataTracks solutions easy to use. Their technical support team was knowledgeable, easy to work with and assisted us round the clock to ensure we filed the report on time and without errors. All this at a competitive price point. Our experience has ensured we will have no hesitation in using the services of DataTracks on an ongoing basis.
We have been using DT’s SII software for the successful submission of the last three quarterly and the last annual QRTs to the regulators with the application is very user friendly and helpful in identifying any validation errors, giving sufficient and accurate information for the identification and correction of these errors. The preparation of the XBRL and excel output files normally runs within a reasonable time and hence this enables the user to regenerate XBRL files if needed. We are very satisfied form the customer support which is efficient and available at any day and time. We are impressed of the response time to our queries. In conclusion we are very satisfied from the application and we would definitely recommend it.
Compared with other tools it is much more efficient and user friendly. Especially the validation process and the way errors are reported are a big improvement. Besides this they provide world class support. And even if the error reports can’t help you to the right answer, the people behind the tool of customer support are very helpful. Their response time is very good, even outside office hours. Most important, they have the drive to help you till the last error is solved.
I am writing to let you know that “Glacier”, the new application for Solvency pillar ii reporting, developed by your company is very user friendly and very quick. It is also very helpful , enabling the user to easily identify and correct any validation errors. Furthermore the, production of the output XBRL and excel file is also quick and this saves considerable time especially in cases where for any reason the input and output process needs to be run several times for reasons not related to the application itself. I would recommend it to any company regardless of the its size since it is a simple and simultaneously efficient application which is what is needed for the particular task.
We were already really pleased with the ‘old’ Datatracks tool, but it was a pleasant surprise that you launched Glacier. It is a great improvement! It saves us a lot of time and now it is easier to validate the file, make some adjustments, upload and validate again. I also want to mention the service level you provide, we appreciate your fast response to questions and your help despite the time difference with The Netherlands.
DataTracks Glacier is a great improvement on an already good product. The processing speed is very good, but what strikes me above all is the clarity of the workflow.
The service has been outstanding and would certainly be recommended. Even though strict deadlines needed to be met, the team went above and beyond to accommodate our needs. Each and every member of the staff that we came in contact with was very friendly and approachable, qualities that added value to the streamlining of the whole procedure.
Large Slovenian Bank
Slovenian Multinational Insurance company
Investment Management Company - Netherlands
Investment Management Firm - UK
Insurance company - Cyprus
Insurance company - Netherlands
Insurance company - Cyprus
Insurance company - Netherlands
Insurance company - Netherlands
Investment Management Firm - Malta
DataTracks stood out from other providers of ESEF solution for its off the shelf technical solution that suits us, many years of experience and suitable references, while at the same time providing the solution at a competitive price. DataTracks has been very responsive and cooperative throughout the entire time of the ESEF vendor selection process. Good experiences kept on going also at the time of our training process. They shared with us every little detail and guided us through the mapping and tagging process. Once again, it turned out that we had chosen an excellent outsourcing partner for the ESEF solution. At this point, we are very satisfied with DataTracks services and are looking forward to take the next stepswith them.
Our focus was primarily on choosing a user-friendly and easy-to-use solution to enhance transparency and simplify our reporting efforts. The introduction of DataTracks’ Rainbow solution for ESEF convinced us as the overall package of functionality, technical requirements, intuitive operation, and support by their experts
Voor de migratie van Excel naar XBRL is contact gezocht met Datatracks. Met behulp van hun AIFMD software en instruction manual wordt het vrij éénvoudig om de Excel rapportages te downloaden, te bewerken en als XML-bestand aan te kunnen leveren. Op vragen (zowel telefonisch als per e-mail) is zeer behulpzaam en snel gereageerd, kortom mijn kennismaking met Datatracks heb ik als zeer positief ervaren.
We worked with the incredible assistance of DataTracks to ensure we successfully filed our FINREP/COREP report with the regulator. We found DataTracks solutions easy to use. Their technical support team was knowledgeable, easy to work with and assisted us round the clock to ensure we filed the report on time and without errors. All this at a competitive price point. Our experience has ensured we will have no hesitation in using the services of DataTracks on an ongoing basis.
We have been using DT’s SII software for the successful submission of the last three quarterly and the last annual QRTs to the regulators with the application is very user friendly and helpful in identifying any validation errors, giving sufficient and accurate information for the identification and correction of these errors. The preparation of the XBRL and excel output files normally runs within a reasonable time and hence this enables the user to regenerate XBRL files if needed. We are very satisfied form the customer support which is efficient and available at any day and time. We are impressed of the response time to our queries. In conclusion we are very satisfied from the application and we would definitely recommend it.
Compared with other tools it is much more efficient and user friendly. Especially the validation process and the way errors are reported are a big improvement. Besides this they provide world class support. And even if the error reports can’t help you to the right answer, the people behind the tool of customer support are very helpful. Their response time is very good, even outside office hours. Most important, they have the drive to help you till the last error is solved.
I am writing to let you know that “Glacier”, the new application for Solvency pillar ii reporting, developed by your company is very user friendly and very quick. It is also very helpful , enabling the user to easily identify and correct any validation errors. Furthermore the, production of the output XBRL and excel file is also quick and this saves considerable time especially in cases where for any reason the input and output process needs to be run several times for reasons not related to the application itself. I would recommend it to any company regardless of the its size since it is a simple and simultaneously efficient application which is what is needed for the particular task.
We were already really pleased with the ‘old’ Datatracks tool, but it was a pleasant surprise that you launched Glacier. It is a great improvement! It saves us a lot of time and now it is easier to validate the file, make some adjustments, upload and validate again. I also want to mention the service level you provide, we appreciate your fast response to questions and your help despite the time difference with The Netherlands.
DataTracks Glacier is a great improvement on an already good product. The processing speed is very good, but what strikes me above all is the clarity of the workflow.
The service has been outstanding and would certainly be recommended. Even though strict deadlines needed to be met, the team went above and beyond to accommodate our needs. Each and every member of the staff that we came in contact with was very friendly and approachable, qualities that added value to the streamlining of the whole procedure.
Large Slovenian Bank
Large Slovenian Bank
Slovenian Multinational Insurance company
Slovenian Multinational Insurance company
Investment Management Company - Netherlands
Investment Management Company - Netherlands
Investment Management Firm - UK
Investment Management Firm - UK
Insurance company - Cyprus
Insurance company - Cyprus
Insurance company - Netherlands
Insurance company - Netherlands
Insurance company - Cyprus
Insurance company - Cyprus
Insurance company - Netherlands
Insurance company - Netherlands
Insurance company - Netherlands
Insurance company - Netherlands
Investment Management Firm - Malta
Investment Management Firm - Malta
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