French fund administrator FB Fund Services will integrate financial software specialist NeoXam’s GP4 product to administer its investment valuation, accounting, reporting, and auditing processes.
The unit of private equity group 123 Investment Managers (123IM) will deploy GP4 to monitor bookkeeping in real time, improve workflow automation and seamlessly integrate key data sources, Paris-based NeoXam said in a statement.
GP4 is designed to streamline back-office operations and is managed by NeoXam on behalf of clients. Its integration by FB Fund Services is expected to “reduce the long-term total cost of ownership and risk of its data operations and maintenance”, the statement said.
NeoXam’s software and technology helps clients process more than US$20 trillion-worth of assets every day for its 15,000-plus users.
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