NeoXam, a global leader in Data Management, Reporting, Portfolio Management, and Valuation software, announced today the launch of its Back-Office Investment Accounting solution, NeoXam GP4, at Abeille Assurances.
Abeille Assurances, a French Insurance company headquartered in Paris and part of the Aéma Group – one of the top five French Insurance groups – chose NeoXam GP4 to meet its Securities Accounting and Tax requirements while additionally complying with the Solvency II Regulation.
Three key factors influenced the decision: An increase in functional coverage compared to its previous tool; the capacity to adhere to budget and project timelines; and a vast range of services.
Abeille Assurances sought a solution capable of transforming processes and treatments in a high-volume and high-stakes activity. NeoXam GP4 will enable the company to manage complexity and improve efficiency, by offering better tracking for the company. Abeille Assurances also selected NeoXam as its hosting service. This will enable it to focus solely on its core business offering.
Charles Sayac, Managing Director of EMEA West at NeoXam, stated: “Thanks to this project’s success, Abeille Assurances will streamline and optimize its Investment Accounting processes. NeoXam GP4 has broad coverage of different Asset types, meets quality and closing requirements, and enables greater automation of Investment Accounting.”
Vincent Bizet, Director of Investment Accounting and Life Commitments at Abeille Assurances, added: “We are delighted to enhance our securities Back-Office functions with NeoXam GP4, enabling our team to be more productive and focus on our core business. We are also pleased to begin a long-term partnership with NeoXam, with whom the project was delivered on time and on budget.”
