MAIF insures with NEOFI Cash

To support the group's growth, the Financial Operations and Accounting departments decided to equip themselves with a new cash management and bank reconciliation platform. A call for tenders resulted in the selection of NEOFI, the software provider with the following modules:

NEOFI Payment : banking communication platform,
NEOFI Cash : cash management platform,
NEOFI Forecast : cash flow forecasting platform,
NEOFI Rappro : accounting reconciliation platform,
NEOFI Charges bancaire : platform for automating bank fee controls.

What are the reasons that led you to change your treasury tool?

The MAIF Group had a tool that was approaching obsolescence. A major migration to a SaaS/Private Cloud solution seemed imminent, and at the same time, there was a desire to streamline the solutions used within the Group.

How did the implementation of the solution go?

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.

What do you appreciate about the deployed solution?

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.

What are your future plans?

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.

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