The new order follows the successful implementation of SimCorp Dimension back office modules that support the asset management process, including trade processing, corporate actions, dividend processing and reporting. Implementation of the back office modules was completed in the fourth quarter of 2006.
âWe are already reaping the benefit of having SimCorp Dimension in our back office,â said Helen Weir, the Alliance Trust project manager responsible for replacing the investment platform. âWe can now access a significantly increased amount of data from external sources electronically and the systemâs seamless processing capability automates a lot of the work that we previously did manually, such as the processing of trades. As a result, we are able to make better use of available data and our staff are able to focus on value added tasks.â
With the deployment of additional SimCorp Dimension functionality in the front office, Alliance Trust will have a single platform upon which to manage its assets. It will have a significantly increased capacity, comprehensive coverage and transparency throughout the investment management process. Added to this is the systemâs ability to support all asset classes and multiple mandates. This gives Alliance Trust the flexibility to adapt and expand as business conditions change and opportunities arise.
âWith this level of future proofing, we will be able to grow the assets under management and support the expansion of the business. For example we have recently launched a couple of funds in Far East (Japanese and Asian funds) and were able to add these on to the system easily,â says Weir. âThe flexibility provided by the system means that we will not be limited in developing our business in any way.â