Staffing shortages, investor pressures and new regulations will force mutual funds and hedge funds to embrace automation techniques in order to meet increasing reporting and expense management requirements in the coming year, according to a leading automated data management group.

“Surprisingly, today’s fund administrators depend almost entirely on manual methods and cumbersome spreadsheets to control their expenses,” said Kirk Botula, executive vice president and chief operating officer for Confluence. “A better solution is to automate the expense management process in order to control costs.”

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