SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Eaton Vance Management has chosen SimCorp Coric as the new client reporting and communications platform for its global operations.
The agreement, which was signed in December 2014, covers Eaton Vance Management and its majority owned affiliates (together "Eaton Vance"), including Parametric and Atlanta Capital Investment Managers.
Eaton Vance will deploy SimCorp Coric to automate the production of client communications, including quarterly client and investment reports, client statements, and fund fact sheets. Reporting cycles will shorten and require less manual work to complete, resulting in operational efficiencies. The Eaton Vance client relationship team, which manages the client reporting process, will be able to reallocate time and resources to client-centric servicing work, thereby enriching client engagement.
John Shea, Chief Information Officer at Eaton Vance, commented: "SimCorp's infrastructure, financial stability, global reach, and business-user focus provided an ideal fit with our business growth and risk mitigation goals. This initiative was driven not only by the operational efficiencies that SimCorp Coric will bring, but also by our passion to enrich the quality and timeliness of the service we provide to our clients. Throughout the selection process, we received positive recommendations from existing SimCorp Coric clients, who spoke often of the operational efficiency the solution provides. This enables client relationship managers to spend more time engaging with clients to satisfy their individual investment goals."
Mike Hendy, Vice President, North America at SimCorp Coric said: "SimCorp's acquisition of the Coric solution has proved to be extremely successful, culminating in this exciting new agreement with Eaton Vance. This solution has long been the market-leading client reporting and communications platform, and now benefits from SimCorp's global presence and capability. We are excited about working with Eaton Vance and continuing our growth trajectory going forward."