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Two approaches to AIFMD Annex IV reporting. One is a managed enterprise service for the largest asset managers. The other is a self-service platform built for everyone else.
If you're evaluating tools for AIFMD Annex IV reporting, you've probably come across anevis solutions — a well-established German regulatory reporting provider based in Würzburg. They serve around 100 clients including major names like Allianz Global Investors, Amundi, and Universal Investment.
anevis is a strong choice for large enterprise asset managers who need a full-service, managed reporting suite covering factsheets, KIDs, risk calculations, and regulatory filings. But for mid-market KVGs and smaller AIFMs, the enterprise model can be overkill — in both cost and complexity.
That's where Caelith comes in. We built Caelith as the self-service, API-first alternative for firms that want control over their Annex IV reporting without the enterprise overhead.
| Feature | Caelith | anevis |
|---|---|---|
| Target Market | Mid-market KVGs, boutique AIFMs, emerging managers | Large enterprise asset managers (€10B+ AUM) |
| Deployment Model | Cloud SaaS — sign up and start | Managed service — onboarding with dedicated team |
| Pricing | Transparent, per-fund pricing from €99/fund/month | Custom enterprise pricing (typically €10K–50K+/year) |
| API Access | ✓ Full REST API — generate XML programmatically | — Managed workflow, no public API |
| Self-Service | ✓ Dashboard + API, no vendor dependency | — Vendor-managed, changes go through support |
| Time to Value | Same day — upload data, generate XML | Weeks to months (enterprise onboarding) |
| Annex IV Reporting | ✓ Core product — ESMA Rev 6 v1.2 XSD validated | ✓ Part of broader regulatory suite |
| AIFMD II Ready | ✓ Building for April 2026 deadline | ✓ Expected (enterprise roadmap) |
| Factsheets & KIDs | — Not in scope (Annex IV focused) | ✓ Full document generation suite |
| Risk Calculations | — Not in scope | ✓ VaR, stress testing, risk analytics |
| Open Source | Planned — XSD validation library | Proprietary |
| Contract | Monthly, cancel anytime | Annual enterprise contracts |
anevis operates on custom enterprise pricing, typically ranging from €10,000 to €50,000+ per year depending on the scope of services and number of funds. This reflects their comprehensive service model — you get a dedicated team, managed infrastructure, and a broad product suite.
Caelith takes a different approach: transparent per-fund pricing starting at €99/fund/month. You pay for what you use, scale up or down freely, and there is no long-term contract. For a KVG with 10 funds, that is roughly €12K/year for a purpose-built Annex IV solution — a fraction of enterprise alternatives.
This is the fundamental architectural difference. anevis provides a managed service: your data goes in, their team processes it, reports come out. It works well for firms that want to outsource regulatory reporting entirely.
Caelith provides a platform: a REST API and dashboard that your team controls directly. You upload fund data (or pipe it from your PMS via API), Caelith validates and generates the XML, and you submit it. No tickets, no waiting, no vendor dependency for routine operations.
For firms with in-house tech capability — even a single developer — the API-first model means Annex IV generation can be fully automated as part of your quarterly close process.
anevis offers a broad regulatory reporting suite: Annex IV, factsheets, PRIIPs KIDs, risk calculations (VaR, stress testing), and more. If you need all of that from one vendor, anevis delivers.
Caelith is laser-focused on Annex IV. We don't try to be everything — we aim to be the best tool for AIFMD regulatory reporting specifically. This focus means faster iteration, deeper schema expertise, and a product that is purpose-built rather than one module in a larger suite.
anevis has earned its position as a trusted reporting partner for Europe's largest asset managers. If you are managing hundreds of billions in AUM and need a comprehensive, managed regulatory reporting suite, they are a proven choice.
But if you are a mid-market KVG, a growing AIFM, or a boutique fund manager who needs reliable Annex IV reporting without the enterprise price tag and onboarding timeline — Caelith was built for you.
Self-service. API-first. Transparent pricing. Live in a day, not a quarter.
Try our AI-powered Compliance Copilot or book a personal demo with the Caelith team.