German financial services group Wüstenrot & Württembergische (WW) is deploying SimCorp's investment management platform, SimCorp Dimension, across the enterprise.
SimCorp Dimension will be used to standardise investment management processes - including back office reporting - across WW's divisions and will replace a number of applications that are currently used in different parts of the group.
The platform will initially be used to manage back-office processes, although the implementation will be extended to include risk management and compliance.
Wilhelm Ehlen, management board member of Wüstenrot Bank and head of the group's accounts department. "It (SimCorp Dimension) has been used by our building society business for a long time, and now we can extend its use to support the entire group's investment management operations, creating a single operational platform."