Neoxam Impresses French Banking Giant CACEIS

Neoxam Impresses French Banking Giant CACEIS
05.11.2019 10:01 am

Neoxam Impresses French Banking Giant CACEIS

Banking , Data Management

The regulatory landscape is becoming increasingly complex on the buy-side, with the introduction and evolution of regulations like Solvency 2, PRIIPs and IFRS 9. On a yearly basis, CACEIS needs to produce over 10000 annual and semi-annual reports, for different business lines (Mutual Funds, Private Equity & Real estate Funds) for a dozen of jurisdictions, up to 250 pages long, with around 30 different contributors and in 4 or 5 different languages. The amount of time spent on these reports is not only time consuming, but time-sensitive. When the demand comes from clients or regulators, firms generally have 3-6 weeks to provide the relevant reports.

As a result, CACEIS chose NeoXam to help them automate and ease this complex process. NeoXam’s Impress solution is based on NeoXam’s award-winning DataHub onboarding its Accounting Book of Records (ABOR), ensuring high quality and well-presented Data in all the reports that CACEIS generates.

Ramy El Houayek, Global Head of Operations Fund Services at CACEIS, said: “When it came to winning new business, the ability to provide our clients with tailor-made reports became a huge crunch point. We investigated several reporting solutions, but none offered this level of customisation as well as automation. As a result, we turned to NeoXam to provide a solution which is agile, not only when it comes to responding quickly to regulator demands, but also in providing each new client with a personalised and detailed report.”

Didier Roubinet, Chief Strategy Officer at NeoXam, commented: “We are convinced that the future of reporting is digital. To remain competitive, firms need to be able to tell the whole story behind their figures, rather than just providing a printed snapshot. This is why we created a solution which allows firms to give a dynamic representation of their data, as well as coping with increased reporting demands under new regulations. We’ve worked closely with CACEIS for over a decade, and are happy to continue to support them in their growth.”

Related News

Financial services organisations are not prioritising compliance in their modernisation efforts – new report from Advanced reveals

Just 6% of financial services organisations say it’s essential for them to modernise their legacy systems to meet current regulatory and legislative demands. This surprisingly... Read more »

Andigo Scholarship To Award $12,500

Andigo Credit Union, based in Schaumburg, IL, announced five college-bound high school seniors as recipients for the 2020 Andigo Scholarship Program. The... Read more »

Forecast by Robocash Group: 5G will boost financial inclusion in emerging markets in Asia

Driving improvements in the digital space, 5G has accelerated financial inclusion in emerging markets in Asia. Analysts of the financial holding ... Read more »

Meniga closes a €8.5m strategic investment round led by Groupe BPCE, Grupo Crédito Agrícola & UniCredit

Meniga, a leading provider of digital banking technology for the world’s largest banks, has closed a €8.5m strategic investment led by customers Groupe BPCE, the second-largest... Read more »

Finantix CIO Cockpit digitises and accelerates key Investment Office processes

Finantix, the leading global provider of trusted technology to the wealth management,... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel