Linedata deploys its outsourcing services expertise to the French market

Linedata, a global provider of asset management, insurance and credit technology and services, today announced that La Mutuelle Générale, a leading personal insurance company in France, has chosen to strengthen its relationship with Linedata by taking advantage of its outsourcing services to manage its fund accounting operations. More than 80 customers are currently using Linedata’s Business Process Outsourcing (BPO) service worldwide. This new service will allow La Mutuelle Générale to leverage the value of Linedata Chorus, a multi-standard SaaS (Software as a Service) solution for institutional portfolio management which includes many asset classes (bonds, equities, private debt, real estate, investment capital, infrastructure, etc.). La Mutuelle Générale was able to migrate the accounting management of its portfolio within tight deadlines, while preserving the productivity and efficiency of its teams.

“Earlier this year, we decided to call on an external service provider to ensure continuity in our fund accounting operations. Our collaboration with Linedata went smoothly from day one,” commented Matthieu Esposito, Head of Treasury and Investments at La Mutuelle Générale. “We’re delighted with the day-to-day service provided by Linedata’s experts, as it means considerable time savings.”

Linedata has expanded its BPO portfolio to meet a growing preference among institutional customers to entrust their operations to experts. This removes the need for licenses and the burden of managing back office operations in-house, as well as provides the benefit of a reliable turnkey service. Linedata’s BPO service also handles end-to-end back office workflows for fund accounting. By outsourcing these processes to Linedata, insurers and other institutional clients achieve operational scale and efficiency, since they can easily and transparently obtain the regulatory books and records required in accordance with fund governing documents and investment information.

“Our BPO service, which has proven itself for five years in North America and Asia, is now opening up to Europe. This allows us to meet the needs of our clients and reassert our position as a market-leading provider of software solutions and innovative value-added services.We’re proud of the trust that this high-profile financial institution has placed in our teams, services and solutions. It’s a real endorsement of our expertise,” said Arnaud Allmang, Head of Continental Europe Asset Management, Linedata.

Linedata provides a complete front to back portfolio of software solutions and associated services, including data management and outsourcing for fund administrators, institutional asset managers, and insurance, pension, and mutual funds.