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E-invoicing, SCF & E-procurement

Lombard Odier selects automated expense budgeting solution from Confluence

Monday 11 August 2014 | 12:48 PM CET

Confluence, a provider of investment data management automation, has been appointed by Lombard Odier Funds, a Luxembourg-based management company of Lombard Odier Investment Managers (LOIM), to provide its automated budgeting application for asset managers.

LOIM is set to be using Confluence's Unity NXT Budgeting and Unity NXT Invoice Payments expense management solutions in the management of their Luxembourg UCITS and AIF fund expenses.

Unity NXT Budgeting is an automated solution that enables asset managers to manage fund expenses. Unity NXT Budgeting automatically collects net assets, foreign exchange rates and bulk invoice payment activity using a secure environment and allocates payment activity to appropriate instruments. The software further creates fund level budgets in a number of currencies and projects and allocates future expenses.

More: Link
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