Federal Finance Gestion streamlines accounting and reporting with SimCorp's Investment Accounting Services
Federal Finance Gestion (FFG), established more than 40 years ago, is the original asset management arm of Crédit Mutuel Arkéa and specializes in third-party asset management. With 46bn EUR in assets under management*, FFG, now part of Arkéa Investment Services, is recognized for its ESG management and asset allocation products (range of monetary, bond and equity funds, mandates.) One of FFG key strategic priorities is to grow its fixed income solutions offered to institutional investors.
SimCorp’s Investment Accounting Services have enabled us to drastically improve business processes automation and to increase scalability to better serve institutional investors.
Head of Risk Management, Client Reporting and Performance and Board Member, Federal Finance Gestion
Streamlining accounting processes and reporting with SimCorp’s Investment Accounting Services
At the end of 2021, FFG was forced to look for a new service provider for their investment accounting as the incumbent vendor ceased their service by July 1, 2022. FFG faced the challenge of finding a new provider able to offer the right investment accounting services and help the team with the migration within a tight timeframe.
After a rigorous selection process, FFG selected our Investment Accounting Services for several reasons. Firstly, they trusted the quality and reliability of the service and our robust investment accounting expertise. Secondly, FFG appreciated the involvement and commitment of the team during the sales process and our continuous attention on enhancing client experience.
SimCorp’s strong presence in the French market for over 13 years and our renowned institutional clients were also key in the decision, as it demonstrated the ability of the solutions and services to meet local regulatory and accounting requirements.
Access to a team of French-speaking experienced industry professionals and the dedicated service level agreements with clearly defined KPIs and timelines also had a strong impact on their choice.
The migration phase was just three months, from April to June 2022. During that time, FFG benefitted from the full support from the SimCorp teams to map and match existing data fields and to ensure that deadlines for the service launch were met. FFG said that they appreciated the quick and transparent responses to their questions.
The business benefits: Increased process automation and reduced time for reporting production
The project was delivered on time and since July 1, 2022, FFG has been fully reliant on our Investment Accounting Services and reporting.
Business processes have been automated, enabling FFG to rely on high quality accounting data and increased transparency.
They now have access to clear and intuitive accounting files that can be easily integrated into other systems, allowing for better streamlining of reporting processes.
Since the launch, the collaboration between both teams remains close and transparent. FFG has a clear view on the roles and responsibilities within our organization, which facilitates efficient communication.
FFG’s institutional end clients are also satisfied with the services. This enables FFG to smoothly onboard new institutional mandates, increase scalability and further expand the range of services to institutional investors as part of its strategic goals.
Quick Facts (2022)
AuM: 46bn EUR*
Headquarters: Brest, France
Investment professionals: 50
About Federal Finance Gestion
Federal Finance Gestion's experts are grouped into three management divisions across retail and institutional clients. To serve all of these management teams, an "Analysis and Research" pool provides a cross-functional perspective, particularly on the theme of SRI, a long-standing conviction of Federal Finance Gestion.
For more information, please visit www.federal-finance-gestion.fr
*Figures as of December 31, 2021
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