yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
Cloud Expo & Virtualization 2009 East
Smarter Business Solutions Through Dynamic Infrastructure
Smarter Insights: How the CIO Becomes a Hero Again
Windows Azure
Why VDI?
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun's Incubation Platform: Helping Startups Serve the Enterprise
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Fund Administration Technology Comes of Age in 2013, Predicts Confluence

In 2013, global demands for instant access to customized data in an evolving asset management industry will further drive fund administrators’ growing need for cloud technologies and automated processes, according to Confluence, the industry’s leading provider of data management solutions. As asset managers face an increasing number of data-driven demands from regulators and investors, they will be compelled to adopt new technologies with enhanced speed and frequency in 2013. The result: a “coming-of-age” period for fund administrators.

“This year marks a pivotal time for the adoption of technology in the fund administration back office,” said Skip Smith, EVP of Product Development for Confluence. “Fund administration technology is coming of age and will provide forward-looking fund administrators with a strategic competitive edge.”

Confluence sees 2013 as pivotal year for fund administrators in three areas:

Industry to Close Technology Gap on Expense Processing for Greater Efficiency, Accuracy and Control

Fund boards and investors today require a microscopic view of fund expenses. With an intensified focus on expense analysis and cost control, fund administrators are challenged to provide increased transparency, precision, and efficiency, and fund boards are challenged to control expenses. These demands have rendered standard approaches to expense processing that rely on spreadsheets and manual processes obsolete.

Confluence predicts that 2013 will be a pivotal year in which fund administrators abandon outdated, error-prone manual processes and spreadsheets in favor of automated expense processing systems. In the new automated age of expense processing, fund administrators will be able to increase the levels of transparency, accuracy and responsiveness while significantly improving efficiency of their operations. While most large fund companies can manage expenses for 35-50 funds per person, expense automation has the potential to allow one person to process expenses for up to 100 funds.

Explosion in Financial Data and Demands for Data Access Presents Huge Challenge for Industry.

In recent years, the financial industry overall has needed to find ways to deal with the explosion of data in business and the world at large, as well as the requests often placed on that data. The amount of data available in the world is growing at a rate of about 50 percent a year, or more than doubling every two years, estimates IDC, a technology research firm. With so much growth in data, fund administrators specifically now find themselves overwhelmed not only by the incoming flow of information, but also the increasing demands that regulators and investors are placing on those streams. In response, the industry will need to abandon antiquated spreadsheet methods and adopt innovative technological solutions.

Cloud Technology Pushes Fund Administrators into the Future.

As asset management has evolved with an increasing focus on the investor and transparency, round-the-clock data availability and control are clearly key differentiators for remaining competitive. With the proliferation and improvement of cloud technologies – especially through the Software as a Service (SaaS) delivery model – fund administrators now have the tools they need to work smarter for their clients, and in turn, drive business objectives.

SaaS is a widely recognized core component of the future IT landscape and market share in enterprise applications and adoption is expected to grow significantly in the coming years. The overall SaaS market will increase three-fold to $92.8 billion by 2016, according to a 2011 study by independent research firm Forrester Research.

For fund administrators, the availability of cloud-based applications will allow for greater global scalability, accessibility and flexibility in their outsourcing options. With cloud-based applications, the job of deploying an application and keeping it running from day to day—managing upgrades, monitoring performance, ensuring high availability, and so forth. By relieving fund administrators of the IT burden they can focus on what matters most – their business.

“In past years, we’ve seen fund administration technology grow and change due to economic issues and regulatory needs. While these remain concerns for fund administrators, it’s clear that this year is really about how fund administrators can use technology to better prepare manage their data and prepare for the future,” said Smith.

About Confluence

Founded in 1991, Confluence is a global leader in fund administration automation. Confluence helps investment management companies gain unprecedented control by automating every step of the fund administration process—including the collection, creation, confirmation, and delivery of investment product data. Results are lower costs, reduced risk, decreased reporting turnaround times, and the scalability to automate more processes without additional resources. Confluence solutions are used by 40 percent of the leading global investment managers, and more than 60 percent of U.S. mutual funds. The Unity® platform from Confluence addresses a wide range of problems from performance measurement to customized reporting for a full array of domestic and international managed investment products, including mutual funds, funds of funds, collective funds, separate accounts, and variable products, as well as hedge funds and other alternative investments. Headquartered in Pittsburgh, PA, Confluence serves the international fund industry with key locations in San Francisco, CA, London and Luxembourg. For more information, visit

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
As the world moves towards more DevOps and microservices, application deployment to the cloud ought to become a lot simpler. The microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Found...
When it comes to IoT in the enterprise, namely the commercial building and hospitality markets, a benefit not getting the attention it deserves is energy efficiency, and IoT’s direct impact on a cleaner, greener environment when installed in smart buildings. Until now clean techn...
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the hear...
Organizations already struggle with the simple collection of data resulting from the proliferation of IoT, lacking the right infrastructure to manage it. They can't only rely on the cloud to collect and utilize this data because many applications still require dedicated infrastru...
Cloud computing delivers on-demand resources that provide businesses with flexibility and cost-savings. The challenge in moving workloads to the cloud has been the cost and complexity of ensuring the initial and ongoing security and regulatory (PCI, HIPAA, FFIEC) compliance acros...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)!

Advertise on this site! Contact advertising(at)! 201 802-3021

SYS-CON Featured Whitepapers