Prior to choosing SimCorp Dimension, KAS BANK carried out a detailed analysis of potential suppliers and their systems. SimCorp Dimension emerged as the most suitable system for the bankâs requirements.
KAS BANK primarily made its decision on the systemâs straight-through processing capability, which facilitates and simplifies full integration with KAS BANKâs existing systems. Another significant attraction was the ability of SimCorp Dimension to handle several accounting frameworks in parallel. Its risk management capabilities and ability to adapt to international accounting standards (IFRS/IAS) were further factors underpinning KAS BANKâs decision to choose SimCorpâs system.
AndrÃ© Boomars, associate director of Investment Management Services at KAS BANK said: âKAS Bank has purchased or developed various systems in the past, but with SimCorp Dimension we are providing our investment management department with an ultra-modern software package. Using this new system, IMS will be able to offer a consistently high-quality service to our clients. The SimCorp Dimension system will be fully integrated into our existing in-house systems. It will provide the link between the legal supervision of the position and the bankâs administrative IT systems.â Troels P. Jensen, managing director of SimCorp Benelux SA/NV said: âWe are delighted to welcome KAS BANK as one of SimCorpâs Dutch clients. Because KAS BANK is a prestigious Dutch financial institution, choosing SimCorp Dimension further confirms the outstanding quality of our system and gives a clear indication that SimCorp Dimension is setting the standard for investment management in the Netherlands.â