Client Spotlight
Achmea IM: Less manual work, more time for what matters
As front-office support at Achmea Investment Management, Erik Hagemeijer handles large volumes of data. Sometimes the data arrives in neat templates, but quarterly valuations of illiquid alternative investments like real estate, infrastructure, and private equity come in all shapes and sizes. From one-page notes to 200+-page PDFs.
‘Manually going through those files to find the right values was a huge challenge,’ Erik recalls. The process also required constant back-and-forth with the data management team: they had specific system access, while the front office had the necessary expertise.
It was a lot of manual work, prone to errors: ‘A point became a comma, or a six became an eight. Most errors were caught later, but getting it right the first time would be much better, of course.’
One day, during a call with Mesoica co-founder Mark, Erik mentioned the issue. ‘Mark said they’d solved similar problems for other clients and offered to take a look.’
Putting Mesoica to work
Achmea IM was already familiar with Mesoica. Erik had used it to structure real estate data, while data manager Rowin van Impelen relied on the platform to process TPT files for look-through reporting.
‘With Mesoica, we automatically read files into our system, check if all fields are filled, and run a thorough reconciliation,’ Rowin explains. ‘I used to be the only one handling look-throughs, but now I can easily hand it over to a colleague.’
Both Erik and Rowin value working directly with Mesoica’s founders, Jona and Mark. ‘They’re quick to respond whenever something is unclear or there is a problem, and help to find solutions,’ Erik says.
Time saved when it matters most
So when Mark suggested a solution for alternatives valuations, the Achmea IM team was interested. After the necessary approvals, they developed a new feature. ‘We no longer have to copy values manually from huge PDFs,’ Erik explains. ‘When a report comes in from a fund manager, Mesoica recognizes the layout from previous reports and we only have to confirm before the data is imported.’
The result: significant time savings for Erik, Rowin, and their colleagues. Time they can now dedicate to navigating the changes in Achmea IM’s business environment brought by the new Dutch Pension Act – the work that truly adds value.
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