SimCorp incorporates Acutuate's eSpreadsheet into Dimension
01 June 2006 | 1715 views | 0
Actuate Corporation (NASDAQ: ACTU), the world leader in Enterprise Reporting and Performance Management Applications, today announced that it has formed a collaborative partnership with its Denmark based partner, CorpSoft Nordic and SimCorp, a global provider of investment and treasury management systems, to deliver Actuate's eSpreadsheet application to SimCorp's investment management customers.
The agreement will enable SimCorp to integrate Actuate's eSpreadsheet solution with its asset management software, SimCorp Dimension. eSpreadsheet will be offered as a powerful add-on to the system and boost its information management capabilities in areas such as compliance and risk management. SimCorp Dimension supports the entire value chain of the investment process, covering front, middle and back office business functions; it is used by many leading asset management companies across the globe, some of which are already common customers of both SimCorp and CorpSoft Nordic.
CorpSoft Nordic has been an Actuate partner since 2003 and has an established and growing list of customers including BankInvest, Den norske Bank (DnB), Storebrand, SamPension, Lindorff, Varner, Aetat-Arbeidsdirektoratet and Elcon. CorpSoft Nordic is solely focused on providing Corporate Performance Management solutions that help businesses implement and execute strategy. Its solutions combine technologies including Budgeting, Planning, Forecasting, Financial Consolidation, Reporting and Analysis, Business Intelligence and Activity Based Costing.
"This partnership with SimCorp is testament to the market knowledge and focus of the CorpSoft Nordic team whose reputation and experience has brought about this collaboration and whose technical and consulting expertise will underpin the integration between the two products and ensure its successful delivery," commented Vincent De Gennaro, Vice President of EMEA at Actuate. "We are delighted to have this opportunity to integrate two market leading products and create an unrivalled data management solution to support the exacting demands of SimCorp's asset management clients."
"There is a strong positive impression of Actuate's eSpreadsheet product in the Nordic region, so we feel that formalising and extending our co-operation with Actuate's partner CorpSoft Nordic will be of real benefit to our common customers," said Søren G.A. Pedersen, Vice President for Partner Development at SimCorp. "eSpreadsheet will give them the ability to use data manipulation and reporting tools of familiar look and feel, whilst enabling them to eliminate unnecessary errors, risks and costs inherent in the use of traditional spreadsheets. As such this is a powerful addition to our asset management solution and we are delighted to work with CorpSoft Nordic to deliver it to our customers."