30 October 2014

SimCorp adds investment management data model in Dimension 5.6

14 August 2014  |  1239 views  |  0 Source: SimCorp

SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has released SimCorp Dimension version 5.6, the second of its two annual software releases.

As SimCorp evolves its data management capabilities, Version 5.6 extends the Data Warehouse Manager by introducing the Investment Management Warehouse, a comprehensive, industry standard investment management data model for buy-side asset owners and asset managers.

The enhanced and cost-efficient Data Warehouse Manager provides the essential all-in-one toolbox to integrate data from different sources to facilitate timely, highly automated and accurate reporting. It consists of an industry data model which has been tailored exclusively for buy-side investment managers. SimCorp's data warehousing offering augments SimCorp's overall data management strategy of timeliness, accuracy, completeness and transparency to optimize investment decision-making at capital market firms.

Version 5.6 also introduces a wide range of enhancements across the entire investment processing value chain including:

• New front office functionality to improve compliance with relevant legislation and an additional dashboard to more easily track commissions.

• A new alerts inbox in the middle office that provides an instant overview of calculations in the risk flow. Additional enhancements in the middle office include improvements to the performance management workflow, enabling asset managers to define specific benchmarks and simplify performance calculations and reporting.

• Back office automation of workflow processes that improve transparency and a comprehensive overview of collateral management activities across all asset classes. Enhancements in the back office area will support the further reduction of cost and operational risk.

"We are committed to staying constantly at the forefront of developments in the financial industry. The latest release is a response to the growing need for better transparency of processes and data," says Chief Executive Officer at SimCorp, Klaus Holse. "Our substantial and on-going investment in R&D allows us to evolve our overall data strategy of ensuring improved data quality, timeliness and accessibility, which is crucial for a firm's ability to have complete data in the investment decision making process. SimCorp's established investment book of record coupled with the new investment management data warehouse are at the very core of this strategy."

The next version of SimCorp Dimension will be released in February 2015. 

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