Advise Reporting Tools Made Available on Abacus Private Cloud
![chris-grandi-abacus chris-grandi-abacus](/sites/default/files/styles/landscape_750_463/public/import/IMG/233/225233/chris-grandi-abacus-580x358.jpg.webp?itok=NH3AU_Cy)
The Consensus RMS suite of regulatory reporting tools from New York-based Advise Technologies is now available on AbacusFLEX, the private cloud from hedge fund hosting specialist Abacus.
Firms use Consensus RMS to automate the process of filing emerging regulatory forms that call for data at a level of granularity never before required from private funds. New reporting requirements arising out of the Dodd-Frank Act include Form PF and Forms CPO-PQR and CTA-PR for commodity pool operators and commodity trading advisers, respectively. To file these and similar reports emerging globally, funds are able to gather data from disparate sources, normalize the data into the format required to file, and, where possible, file electronically using the software.
AbacusFLEX can store and back up terabytes of data that may be required to meet new regulatory mandates, and eliminates hardware expenditures.
"New regulatory reporting requirements are weighing heavily on today's fund advisers, and hosting our software suite on the cloud eliminates the added burden of managing the required technology infrastructure," says Sean Sullivan, president of Advise. "Abacus' deeply rooted understanding of hedge fund infrastructure and applications enables them to seamlessly integrate our products with the rest of our clients' systems. Advise is committed to providing our clients with the most robust solution set available and providing a hosted or in-house offering is a crucial part of that."
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