NeoXam partners with FB Fund Services 23 July 2024France Reporter: Clelia Frondaroli
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NeoXam has partnered with FB Fund Services, a subsidiary of French private equity group 123 Investment Managers (123IM), who has selected NeoXam’s GP4 solution to bolster the company’s investment valuation, accounting and reporting.
The companies say integrating NeoXam’s multi-markets solution aims to provide FB Fund Services with centralised bookkeeping monitored in real time, improved workflow automation, and integration to key data sources.
Marc Guittet, associate director of 123M, states: “One of our key drivers for selecting NeoXam was its customised solution tailored for private equity accounting, which carries its own unique set of complex needs, and we’re looking forward to realising the benefits of this cutting-edge technology.”
This sentiment is echoed by Carles Sayac, managing director of NeoXam EMEA West, who adds: “We’re thrilled to continue expanding our services in the complex private equity market, which is coming under increased regulatory scrutiny. We are determined to ensure FB Fund Services and 123 IM more broadly will benefit from increased efficiencies in their back-office systems.”
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