Adapt to EMIR regulations with ease

Since 2014, all European companies carrying out over-the-counter transactions must adapt their tools, processes and data in order to comply with the new EMIR regulation.
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, in a secure manner.

Thanks to the knowledge acquired on the NEOFI product during the EMIR project, the treasury department took advantage of the capabilities of the NEOFI solution by carrying out reprocessing and automation of accounting entries between the accounting software installed in the IT infrastructure of the business and treasury application hosted in SaaS mode. To do this, it was enough to configure automatic and secure exchange processes in NEOFI.

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