“The only constant in life is change”, they say.

If you have your ear to the ground, you can hear it grinding in the gears of many administrators in the financial sector. No question: The industry is under pressure. And from several directions at once. New players in the market, rising wage and overhead costs, a flood of new investment products – all this is driving a growing desire to reduce fixed costs, internationalise and generally increase efficiency. On top of this is the intensive regulation on the part of the EU and national supervisory authorities, which is imposing a steady stream of new obligations on market participants.

In focus: Reporting obligations

One business area that is garnering increased attention is disclosure management. For one, because reporting obligations are constantly becoming more extensive and demanding. But also because many administrators still rely on “home-grown” solutions for disclosure management or outsource it completely to external service providers. And both approaches are increasingly bumping up against their limits.

External service providers frequently prove inflexible when it comes to making adjustments to their data models and processes. Too much data has to be sent off premise; too many competences have to be delegated. Even the slightest changes require an enormous amount of back and forth. And it is not uncommon for undesirable dependencies on the outsourcing partner to arise.

Many feel there is a lack of control and a lack of efficiency when the number of reports increases or they have to react quickly to changing market conditions. That’s why we present to you in this magazine a contemporary and forward-looking disclosure solution that is audit-proof, gives you back full control over your reporting and fully complies with national requirements in addition to the latest EU regulations: Fin RP from Fact.

Introducing Fin RP

Fin RP isn’t comparable to an ordinary editorial or layout system, but a highly specialised and modern cloud solution adapted to the requirements of the financial industry for the automatic fulfilment of all publication obligations. The software is aimed at insurance companies, investment companies, pension funds/schemes and banks.

Once configured according to your wishes and for your corporate layout, Fin RP generates glossy, fully laid out reports in just a few minutes, which you can publish online on your internet pages, submit to the CSSF or the Bundesanzeiger, print and distribute without any additional processing. The software takes a true multi-purpose approach to cover all of your company’s reporting obligations as fully as possible. You can thus completely do away with additional service providers for report generation.

If desired, Fin RP integrates external auditors into the approval process and can be used as a cloud solution by authorised users on any workstation – with no need for time-consuming local installation and naturally in the home office as well. Data protection and secure communication channels have top priority. In addition to numerous technical safeguards, highly granular rights management ensures that you retain complete control over all processes at all times.

Everything you need

Fin RP produces periodic reports such as monthly and quarterly reports, semi-annual reports, annual reports, merger and dissolution reports. It supports all the asset classes customary in the industry, whether funds, fixed-income securities, real estate or alternative investments. Reports can be generated at the level of these investment vehicles or on the basis of your client custody accounts. The system hardly limits you at all. 10 annual reports, 1,000 quarterly reports or 50,000 investor portfolios – it doesn’t really matter.

In addition to PDF documents for online publication, printing or e-mailing, reports can also be generated in XML format for national regulatory authorities or publication media, or as editable PowerPoint files for an investment policy committee. All this with consideration of the current requirements according to EU law as well as the national guidelines of Luxembourg, Germany and Austria, for example. This also applies to the extensive disclosure obligations under the EU Transparency and Taxonomy Regulations (ESG).

Involves the entire team

Fin RP supports report production in several target languages and reduces the translation effort by allowing recurring text blocks to be stored one time in the desired languages. Those involved in the process can communicate with each other within Fin RP via chat channels and share the reports produced for review prior to publication. Collaboration is one of the software’s great strengths. If multiple versions of a report are created prior to the final version, Fin RP automatically compares the changes for you and clearly contrasts them.

Fin RP thus actually offers everything required to noticeably reduce the time, personnel and costs of your disclosure management, to become more efficient and at the same time to regain full control over the process. For one thing is certain: The show must go on. And since you can’t change the wind, you should at least set your sails correctly.