As a result of spending more than 100,000 man-hours over the past six months, financial software provider SimCorp is now releasing a new version of its enterprise solution, SimCorp Dimension.
In line with the strategic agenda of the investment management industry, a significant part of the enhanced and new functionality introduced in version 4.6 is aimed at helping investment management institutions rationalise, simplify and automate work processes.
In an increasingly complex investment management environment, in which reduction of labour-intensive work processes is crucial, financial institutions need to look for ways to sustain lower cost levels without sacrificing business flexibility and scalability.
Alleviate work processes in front, middle and back office
Over the past six months, SimCorp has developed a vast range of new functionality and enhancements available in version 4.6 of SimCorp Dimension. New functionality in SimCorp Dimension version 4.6 will help SimCorp's clients to further rationalise, simplify and automate current work processes. This semi-annual release of SimCorp Dimension will, among other functionality, include:
- Improved control and transparency in the reconciliation process
- Automation of the entire fund processing workflow with the addition of several new fund events
- Automated theoretical pricing process and a reduced dependency on brokers
- Increased control in the accounting area through automation when reversing a transaction
- Improved collateral management functionality
SimCorp moves competences and expertise closer to its clients
While other business may cut costs by outsourcing their support activities and hence increase the distance between the client and the consultant, SimCorp is committed to delivering extraordinary support and has made a strategic decision to move competences and expertise closer to clients.
"SimCorp's clients can expect increased focus on their business needs from their local SimCorp customer service provider," says Executive Vice President of SimCorp, Torben Munch. "As a result, improved communication will ensure a high-quality response to any service request as early as possible. Soon, a shorter lead-time, more robust deliveries and improved communication will benefit all clients' businesses".