The Command Advantage
  • Improved integrity of disclosure so there is a reduced risk of inaccurate, incomplete, or misleading statements in the documents
  • Improved efficiencies since information is repurposed rather than redrafted 
  • Reduced time to create a document and documentation related to new product launches
  • Reduced costs associated with attorney review
  • Reduced typesetting costs
  • Reduced EDGAR costs
Form N-PORT

We have spent a great deal of time studying the Investment Company Reporting Modernization rules and communicating with clients through both written surveys and ongoing dialogs. Our findings have reinforced our belief that automation is the only solution for addressing the challenges posed by N-PORT, and that CAPS provide an ideal platform. Interestingly, though not surprisingly, we have seen a great deal of interest not only from our shareholder reporting clients, but also our from prospectus clients. We view this as increasing recognition that a fully integrated content and data management tool such as CAPS is a superior approach to disparate tools and separate information silos.

Listed are a few major advantages of implementing CAPS as an N-PORT solution provider:

  1. Use of the CAPS Data Repository to warehouse and manage a single set of data for both regulatory filing and shareholder reporting needs.
  2. Ability to import data from unlimited sources to accommodate the new and expanded data types and requirements without costly system reconfigurations.
  3. Comprehensive data validation process that ensures data integrity and consistency.
  4. User-defined tolerance breaks, warnings, violations and errors that trigger exceptions if threshold levels are breached (e.g., early warning trigger if Illiquid Securities breach a user-defined level).
  5. Robust workflow management dashboards that track monthly deliverable deadlines, including file import status, validation and exception reporting status, data review and approval status, as well as SEC filing status.
  6. Extensive list of user roles and permissions giving complete control over each users functionality (edit, create, approve, add, delete, modify, view) enabling organizations to precisely define individualized tasks and responsibilities.
  7. CAPS for N-PORT is a full service solution, allowing our clients to both manage and file their N-PORT data all within one application.
Form N-CEN

The SEC also adopted a new annual reporting form, Form N-CEN, to be used by registered funds to annually report certain census-type information to the SEC. Form N-CEN replaces the form currently used to report fund census information (Form
N-SAR). Funds will report at the registrant level, with responses to certain portions of the form submitted separately for each series. Reports are required to be filed annually within 75 days of the end of the fund’s fiscal year, rather than semi-annually as is currently required by Form N-SAR for most funds.

Form N-CEN includes many of the same data elements as Form N-SAR, but, in order to improve the quality and utility of information reported, replaces those items that are outdated or of limited usefulness with items that the SEC believes to be of greater relevance today. Also, Form N-CEN streamlines and updates information reported to the SEC to reflect current information needs, such as requiring more information on exchange-traded funds and securities lending. Where possible, Form N-CEN also reflects the elimination of items that are reported on other SEC forms, or are available elsewhere.

CAPS provides an ideal platform for addressing the challenges posed by N-CEN. Listed are a few major advantages of implementing CAPS as an N-CEN solution provider:

  1. Use of the CAPS Data Repository to warehouse and manage a single set of data for both regulatory filing and shareholder reporting needs.
  2. Ability to import data from unlimited sources to accommodate the new and expanded data types and requirements without costly system reconfigurations.
  3. Extensive list of user roles and permissions giving complete control over each user's functionality (edit, create, approve, add, delete, modify, view,) enabling organizations to precisely define individualized tasks and responsibilities.
  4. CAPS for N-CEN is a full service solution, allowing our clients to both manage and file their N-CEN data all within one application.

“The support from the CAPS team is best-in-class and that is a significant differentiator.”

SENIOR COUNSEL FROM LEADING FUND COMPLEX, AMONG U.S. TOP-10 IN AUM