A leader in insurance in the non-profit sector and the 6th largest car insurer, MAIF is a mutual insurance group whose turnover reached nearly 4.5 billion euros in 2024.
To support the group's growth, the Financial Operations and Accounting departments decided to equip themselves with a new cash management and accounting reconciliation platform. A call for tenders resulted in the selection of the software provider NEOFI, with the following modules:
NEOFI Payment : banking communication platform,
NEOFI Cash : cash management platform,
NEOFI : cash flow forecasting platform,
NEOFI : accounting reconciliation platform,
NEOFI : platform for automating bank charge controls.
Maxime Richard, Head of Financial Operations, tells us about the progress of the project:
The MAIF Group was using an on-premises tool that was bordering on obsolescence. To address this, an upgrade to a SaaS version seemed inevitable, but at the same time, a process of streamlining the solutions used within the Group was initiated.
The production launch followed the initial schedule thanks to the quality and availability of NEOFI's staff. This major project was implemented in 3 months!
More broadly, the implementation provided an opportunity for the MAIF and NEOFI teams to share practices, enabling developments on both sides. The responsiveness of the NEOFI teams and the flexibility of the NEOFI Exchange Hub tool have brought us significant productivity gains.
The scalable ergonomics of the tool, the new features that we can use such as native control of bank charges, control of interest scales, the workflow display system, etc. In addition, NEOFI via EBICS flows and the implementation of PSR and intraday flows, allows us to centralize and secure cash flow (elimination of "remote" transfers). Finally, we appreciate the speed of execution of the solution, for all the actions requested.
The MAIF Group wishes to automate its reporting on the ultimate costs of payment methods and work with NEOFI to increase the level of automatic reconciliation.
Finally, the MAIF Group is preparing for the consequences of VoP in order to increase the security of its operations.
