Delivering Fast Close for Institutional Investors: How one institutional giant achieved T+0 daily close with NeoXam GP4
Discover how fast close became a reality for over 10,000 portfolios and €530B in assets.
In an increasingly complex regulatory and operational environment, institutional investors face mounting pressure to accelerate their financial closing processes without compromising accuracy or compliance.
NeoXam GP4 has emerged as a transformative solution, enabling fast close through automation, crystallization techniques, and real-time data integration.
The client
One of NeoXam’s flagship clients, a major Chinese insurance group, manages over 10,000 portfolios including classic funds, unit-linked funds, discretionary mandates, pension funds, provident funds, as well as bond plans and money market plans representing €530 billion in assets.
The challenge: why fast close for institutional investors is becoming a strategic imperative
Achieving a large-scale daily close in under two hours
With 30,000 transactions and 400,000 prices processed daily, the client needed a solution capable of handling massive data volumes while delivering T+0 daily valuations, including accounting, daily reporting, and custodian reconciliation, all within a narrow time window between 6 pm (reception of prices and transactions) and 8 pm.
Why NeoXam GP4?
Fast close with crystallization
NeoXam GP4 introduced a “fast close” mechanism by allowing anticipatory processing of closing tasks. This is achieved through the crystallization of calculated elements, enabling teams to begin closing activities before the official cut-off. This innovation drastically reduces the time required for period-end processes.
- Automation and parallel processing
- Real-time updates across front and back-office systems
- Standardized data exchange formats for seamless integration
- Multi-GAAP accounting with simultaneous processing for IFRS9, CAS, and local standards
- Automated reconciliation and exception management
Results
A seamless, scalable closing process
The implementation of NeoXam GP4 led to:
- Significant reduction in closing lead times
- Enhanced operational efficiency through automation and parallelization
- Improved data quality and auditability
- Scalability to support international growth and increasing portfolio complexity
The project was delivered on time and within the initial budget, earning praise from the client and project partners alike.
