EFA Selects NeoXam for Regulatory Reporting

From Financial IT:

EFA, a leading provider of administrative services to the fund industry in Luxembourg, has selected NeoXam’s Impress Regulatory Edition (hosted with NeoXam as a Service) to help meet its regulatory goals. A calculation engine and advanced visualization interface were key factors behind EFA’s decision to select NeoXam.

The regulatory environment around funds has drastically increased in recent years and this trend is expected to continue. As a leading provider of the fund industry in Luxembourg, EFA is committed to providing its clients with the best service and the most up-to-date tools to respond to their existing and future regulatory requirements. To this end, EFA wanted to adopt a dedicated platform to industrialise the operations of its teams of experts.

This decision both reinforces and expands the long-standing relationship between EFA and NeoXam initiated with the adoption of the back-office investment accounting tool NeoXam GP.

Gary Janaway, COO at EFA, said: “The ability to provide our clients with a full range of regulatory reports with increasing demand for digital output led EFA to extend our partnership with NeoXam. Primary factors that influenced our selection were the ability to manage the integrity and quality of data from internal production systems and to import data from external sources. Impress Regulatory Edition facilitates our clients’ need for high quality branded regulatory reports and provides EFA with a high capacity production capability.

Florent Fabre, COO of NeoXam, added: “The future of reporting is undoubtedly industrial and digital. We develop high-performance and innovative solutions that meet the demanding expectations of the market to support our customers. We’ve worked closely with EFA for over a decade now and look forward to continuing to support them in their growth.”