NeoXam, a leading financial software company, and French asset manager Richelieu Gestion, have expanded the scope of their current relationship, to include client’s reporting services and an extension of their partnership on Portfolio Management Systems (PMS).

The agreement means that Richelieu Gestion, which currently manages nearly €1billion assets under management (AUM), has broadened the partnership by reinforcing the use of NeoXam’s Managed Services, while selecting its client reports production solution, Impress Client Edition.

The partnership began in 2019 after Richelieu Gestion chose to host NeoXam Investment Management, the company’s PMS. The selection was made due to NeoXam’s quality of services  and their ability to quickly deploy a hosting platform. After a successful initial partnership, Richelieu Gestion decided to commit on a 4-year agreement to have one single supplier for both PMS and Managed Services. Such a process guarantees operational efficiency and data security. In addition, it optimizes communication between both teams which is key to executing tasks quickly.

When it comes to reporting, Richelieu Gestion was already using Impress Digital Edition, NeoXam’s digital client reporting solution, used to enhance client communication about management decisions. The fund manager decided to take on Impress Client Edition to streamline its client report production. Thanks to its production workflow module and its template’s customization capabilities, the application will enable Richelieu Gestion to fasten its reports production while being more responsive toward any specific client needs such as new client onboarding, client RFP and custom requests.

Commenting on the expanded agreement, Laurence Adam, Deputy Chief Executive Officer and Chief Operating Officer at Richelieu Gestion, said: “We are in a dynamic of development and needed to gain in efficiency on the operational aspects and in digitalization We extended our agreement with NeoXam to provide our clients with personalised and detailed reports on the reporting side”.

Gilles Kammerer, head of R&D at NeoXam, added: “NeoXam is pleased to offer its clients one cloud solution covering all needs from the investment decision to final reporting”.