From Private Equity Wire:
Societe Generale Securities Services (SGSS) has chosen financial software company NeoXam to provide investment and reporting software to support clients’ services of its private equity business unit.
NeoXam’s technology, GP, handles all portfolio types, supports a comprehensive range of asset classes and integrates NeoXam’s other solutions for data management, digital and regulatory reporting, compliance and daily matching needs, among other benefits.
GP is currently the only back-office solution able to support SGSS’ private equity and real estate hub. Its fully embedded multi-GAAP General Ledger authorises SGSS to offer complete customised services based on a set of Private Equity and Real Estate software packs: real estate accounting, real asset accounting, private equity accounting, investors’ accounting, analytical accounting, supplier accounting, waterfall calculations, KPI computations. SGSS will rely on GP to handle its multi-threaded business operations, providing the company with a tailor-made, flexible service which is easy to configure for its numerous clients and prospects in this area. SGSS also uses NeoXam’s DataHub tool for other business units.