New release introduces a range of new modules and enhancements across the front-, middle- and back-office.
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has released SimCorp Dimension version 5.4, the second of its two annual releases.
Version 5.4 introduces a new Trade Processing Dashboard that enables buy-side firms to manage their trade processing workload more efficiently, with full transparency and in real-time. The functionality allows investment managers to drill down to specific issues and resolve them in just a few clicks. In coming releases, SimCorp will introduce a series of additional dashboards and accompanying alerts functionality as part of a new Asset Services Dashboards and Alert package.
Other noteworthy aspects of version 5.4 include:
- FX hedging and overlay functionality: This enhancement extends the reach of the Asset Manager across the front-office by providing the ability to generate FX hedges across multiple portfolios while adhering to predefined currency targets quickly and easily. This, combined with range exception identification, streamlines the currency management process by hedging against large currency fluctuations.
- Introduction of Trading Limits to Compliance Manager: Trading Limits and other significant enhancements to the Compliance Manager streamline and increase the control of investment managers over the compliance process. Additionally, a new Four Eyes Approval functionality bolsters Compliance Manager by providing additional control and by better meeting the requirements of external auditors.
- Improved use of the Strategy Builder: The Strategy Builder applet is now embedded more seamlessly into the workflow, streamlining investment flows. Increasing the instrument coverage of the position rolling strategies already released in version 5.3, the upgrade simplifies security selection and introduces new strategy templates for executing cash inflow and outflow.
SimCorp’s CEO Klaus Holse comments: “The functionality introduced in version 5.4’s new dashboards is an answer to the market demand for better and more efficient trade processing management. This upgrade is a prime example of how SimCorp remains committed to providing our asset management clients the innovative solutions required to generate the best possible results. Our substantial and on-going investments in R&D yield two software releases every year. This enables SimCorp clients to constantly operate on a state-of-the-art platform, quickly capitalize on new market trends and comply with increasing regulatory requirements.”
The next version of SimCorp Dimension will be released in February 2014.