NeoXam, a leading financial software provider, announced today that one of the largest private banks in Europe has selected NeoXam's NX GP3 back-office solution to automate its fund accounting operations.
NX GP3 provides fund accounting, valuation and reporting. NeoXam serves more than 95 clients in 25 countries.
NX GP3 was selected for its recognized leadership in the fund management industry and its proven ability to support business expansion. NX GP3 will enable the bank to operate in a more automated environment, providing increased control, accuracy and transparency while improving risk management. Using the extensive reporting capabilities of NX GP3 will also help the bank to enhance services to clients through increased transparency and consistency in the reporting.
Serge Delpla, Chief Executive Officer of NeoXam, said, “We are delighted to welcome this major Swiss private bank to our clients’ community. We look forward to help streamline the bank’s operations and scale for growth. We are committed to invest in the continuous improvement of our solutions and services to make sure they best address the industry’s demands.”