Adapting to EMIR regulations with ease

Since 2014, all European companies engaged in over-the-counter transactions have had to adapt their tools, processes, and data to comply with the new EMIR regulations.
Bolloré was looking for a solution to automatically manage data exchanges between its KYRIBA financial information system and the DTCC central repository.

Thanks to the NEOFI software , Bolloré group's treasury retrieves the EMIR data issued by the KYRIBA treasury software, checks it, corrects it, then structures the file in the format expected by the central repository and transmits it to it daily, securely.

Thanks to the knowledge gained about the NEOFI product during the EMIR project, the treasury department leveraged the capabilities of the NEOFI solution by reprocessing and automating accounting entries between the accounting software installed in the company's IT infrastructure and the SaaS-hosted treasury application. This was achieved simply by configuring automatic and secure exchange processes within NEOFI.

The NEOFI Solutions team had already anticipated the evolution of the new EMIR standards by creating the conversion and processing processes, so its adaptation to the needs of the Bolloré group was a formality: the project was completed in one week.