French Insurer CAM Group taps NeoXam SaaS for investment accounting

By Puja Sharma

NeoXam, a global software solutions provider for data management, investment accounting, portfolio management, valuation, reporting, and reconciliation, announced that CAM Group, a French mutual insurance group, has selected NeoXam GP4 to replace its legacy investment accounting system.

NeoXam is a financial software company, delivering solutions and services to over 150 customers in 30 countries worldwide. Through its combined talents and transparent approach, NeoXam helps buy- and sell-side players address the continuous changes in the financial market industry to grow and better serve their clients. NeoXam relies on more than 750 staff, is headquartered in Paris, and has 21 offices worldwide.

Following a comprehensive evaluation of solutions available on the market, CAM Group selected NeoXam GP4 for its full functional coverage, incorporating the specific requirements of the insurance sector and the French market, for its proven expertise in serving institutional investors, and for the ease of deployment of its SaaS (Software as a Service) offering.

Charles Sayac, Head of Continental Europe at NeoXam, stated, “We are delighted to welcome CAM Group into the NeoXam GP4 user community. Our solution will provide CAM Group with a robust and scalable SaaS platform, designed to meet the highest operational and regulatory requirements of the insurance sector. This partnership reflects NeoXam’s ongoing commitment to supporting insurers in strengthening their accounting foundations and driving their operational transformation.”

Marc Wendling, Chief Financial Officer, CAM Group, added, “This project is part of our operational modernisation initiative and our commitment to enhancing the quality of our financial data. The NeoXam GP4 solution, through its SaaS approach and its expertise in the insurance sector, addresses precisely the requirements of our business and the regulatory developments we are subject to.”

NeoXam GP4 is the reference platform for institutional investors and financial service providers, enabling them to optimise their full range of valuation and investment accounting processes. NeoXam GP4 is an integrated multi-entity, multi-jurisdiction, multi-accounting standard solution.