SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that Dutch PGGM Vermogensbeheer B.V. (PGGM) has selected SimCorp’s Data Warehouse solution to improve operations with detailed and near-real time information on performance, analytics and benchmarks.
PGGM, the Dutch pension fund service provider, manages close to EUR 200bn worth of pension assets, and has been using SimCorp Dimension since 2006. The implementation of the Data Warehouse solution will further support PGGM’s business strategy. Following a competitive selection process, the Dutch pension fund service provider ultimately chose SimCorp.
“SimCorp’s Data Warehouse solution serves as a central repository for all reporting and analytics data,” says Marc van den Berg, COO at PGGM. “The fact that we can source data directly from SimCorp Dimension as well as any other source will enable us to further simplify the reporting process and increase accuracy and timeliness in reporting to stakeholders and regulators.”
Commenting on the agreement, Hans Otto Engkilde, Managing Director at SimCorp Benelux said: “PGGM and SimCorp have a long-standing partnership, which we are very pleased to further consolidate by implementing our Data Warehouse solution. Moreover, our recent Data Warehouse successes with other clients are a testament to the strength of our solution and its ability to streamline reporting, provide overview, and essentially improve performance and reduce cost and risk.”