Ingesting Separate Account Financials directly into ArcFiling allowing Variable Product clients to forego managing the final audited content in ArcPro or using the Managed Services work-around.

Objective: To enhance the ArcPro user experience by vetting the solution of utilizing ArcFiling software to ingest Separate Account Financials as HTML for filings that would:

1) ease ArcPro content management workload and/or

2) forego the added time, effort, and expense of using Managed Services to convert the supplied documents.

Benefits of using ArcFiling:

• Alleviates client concern over managing final audited financials in ArcPro that require no editing.

• Shortens the project lifecycle by several days by eliminating the need to use Managed Services/Service Delivery for EDGAR conversion, proofing, editing, etc.

• Reduces Service Delivery workload during peak seasons.

• Decreases client’s use of competitors (some clients send their conversions and filings to Merrill).

• Foregoes the added expense of using Managed Services to convert, edit and file supplied documents.

• Puts ownership back in the client’s hands allowing them to upload final documents into ArcFiling on their own time and manage their SEC filings.

• Increases ArcFiling software revenue and dependency on our expanded software package.

• Offers wider net benefits to prospective clients.

Overview: Separate Account Financials are final, audited, require no editing and are often hundreds of pages. Variable Product clients on ArcPro do not want the extra workload or risk involved in converting, formatting, and reviewing the supplied financial documents when they only need to be incorporated into the SEC filing. Currently, DFIN’s solution for this is to utilize the Managed Services solution where clients send the financial docs to Service Delivery for traditional EDGAR conversion. Additional testing is needed to determine if ArcFiling users can import the financials and convert to EDGAR HTML in app to add to registration filings, the same way exhibits are easily converted. Prelim testing showed positive results using certain file/formats.

At times, the financials are Excel files that need to be typeset for printing. DFIN Service Delivery can continue to provide this service if needed as ArcFiling is not a typesetting tool.