Amsterdam/Munich/Madrid, July 17, 2023 – Performance Management Partners PMP, a leading provider of end-to-end solutions for intelligent information management, and cleversoft a leading provider of cloud-based RegTech services for financial service providers including supervisory reporting in the insurance and pension industry, announce their strategic partnership. The collaboration aims to provide Solvency II solutions and other services to the Spanish insurance market.
PMP will represent cleversoft in the Spanish market and bring its expertise in financial and regulatory reporting, corporate performance management internal audit and GRC to the partnership. cleversoft, with its specialist supervisory reporting unit , is renowned for successfully implementing automated solutions in accordance with Solvency II, IFRS17, and IORP II. cleversoft serves more than 300 financial services clients in more than 25 countries in Europe and the Middle East.
cleversoft and PMP’s Solvency II practice give Spanish insurance companies and implementation partners access to a holistic, cloud-based solution to generate Solvency II reportings required by European and Spanish regulators. The solution includes SCR/MCR calculations, QRTs generation and DEC filling (MS Access database required by the Spanish regulator, Dirección General de Seguros).
Silvia Rodríguez González and José Manuel Prieto Sanz, Partners at PMP, along with Erwin van Dixhoorn, Managing Director of cleversoft, expressed their pride in jointly being one of the first in Spain to offer this cloud-based solution.
Erwin van Dixhoorn, Managing Director of cleversoft comments: “We are happy to join forces with PMP and start this exciting partnership in the Spanish insurance market. Together, we bring a powerful combination of expertise and innovation to help insurance companies navigate the complexities of Solvency II reporting. Our user-friendly solutions, backed by a strong support team, have been widely embraced in the European insurance industry, and we are looking forward to bringing these benefits to Spanish insurers.”
Silvia Rodríguez González, Partner at PMP states: “This alliance with cleversoft perfectly complements our solutions portfolio, allowing us to offer Solvency II Reporting solutions to all insurance companies regardless of their size. They can benefit from a flexible solution that enables agile reporting to the regulator.”
Thanks to the advanced tools and proven know-how of both partners, Spanish companies will find it easier in the future to meet evolving regulatory requirements.
PMP Performance Management Partners is a software solutions provider for automating financial and regulatory reporting, planning and management control, as well as internal control processes. The company, founded in 2007, supports its clients and consulting partners in implementing the solutions it markets. PMP now has over 100 clients from all sectors and sizes.
The cleversoft group is a leading provider of cloud-based RegTech services for financial service providers. The company is headquartered in Munich and has offices in Amsterdam, The Hague, Frankfurt, Luxembourg and Sofia. cleversoft delivers digital solutions and services to more than 1,000 financial institutions worldwide to optimise compliance-related business processes, from data management to the calculation of regulatory data and the production of required documents and reports including marketing materials such as SFDR, MIFID II, 6AMLD, Solvency II, IFRS 17, PRIIPs and IORP and more. cleversoft also focuses on the Financial Crime Prevention sector, which has been expanded through the acquisition of specialist provider BusinessForensics in 2020 and CDDS in July 2021. Following cleversoft’s compliance commitment, customers are provided with all required service updates for the respective regulations – which is unique in the industry.