Cazenove Capital Management selected the SimCorp Dimension system because it offers a functionality rich workflow solution to cover Cazenoveâs range of fund types under administration. Retail and sub-advisory funds were chosen for the first phase of implementation partly in order to affirm the capabilities of straight through trade processing functionality. "The SimCorp Dimension system is extremely flexible," says Mike Neilson, chief operating officer for Cazenove Capital Management, "and what we have put in place leads us to believe that substantial efficiencies and cost savings in back office processing are achievable."
When Cazenove was reviewing the market originally, it was particularly attracted to the technical architecture of the SimCorp Dimension system. "Unlike many systems on the market, SimCorp Dimension has a single database from which trades, accounting transactions, client reporting and performance measurement are all derived. We see this as key going forward," says Neilson. "It means that the need for inter-system reconciliation will greatly diminish. Furthermore the systemâs architecture makes it highly scalable and will enable us to expand our business with increased funds under management, either through organic growth or through acquisition, without adding extra cost."