NeoXam, a leading provider of data management and transaction software solutions dedicated to the financial industry, announced today that Klesia Finances (part of the Klesia group, a French mutualist company), has gone live with NeoXam Density, after only 6 months of the project starting.

Klesia sought a solution that would enable the firm to manage the increasing changes in the French and European regulatory landscape, which imposes on management companies the implementation of numerous audits as well as the traceability of these audits.

NeoXam Density was selected as it covers a wide range of Front-to-Back features, tailored to the specific needs of institutional investors similar in size to Klesia Finances. NeoXam Density additionally fulfils the automation and transparency requirements of the group as a mutualist company.

Olivier Fellous, Managing Director of Klesia, commented: ”NeoXam Density enables us to fulfil the new requirements for the Front Office and RCCI (compliance/audit) as well as optimize the work of Klésia Finances’ Middle to Back Office teams.”

Florent Fabre, Managing Director of NeoXam EMEA, added: "Klesia’s confidence in NeoXam demonstrates the relevance of our offer to institutional investors, as well as our ability to help our clients increase their efficiency and manage regulatory pressures. Moreover, this new reference reinforces our presence with other professionals in the insurance sector, and more broadly, with those in the institutional management space.”