SimCorp Dimension recognized for seamless integration of front, middle and back office in a single platform for asset managers.
SimCorp, a leading provider of investment management solutions and services for the global financial industry, today announced it has been named Front-to-Back Office provider of the year at the Funds Europe Awards 2014.
The award builds on recent success for SimCorp at the Buy-Side Technology Awards, for Investment Book of Records (IBOR) capabilities, and the Global Custodian awards, which recognized the firm’s platform for OTC derivatives.
“Seamless integration of front-to-back office functions is essential in the demanding and constantly shifting regulatory environment, and asset managers can no longer risk relying on legacy investment management systems,” said Klaus Holse, CEO at SimCorp. “With SimCorp Dimension, the front-to-back office technology is designed to simplify a firm’s technological landscape yet equip it to monitor all processes and manage resultant risks. This is the second year in a row that our role in helping clients to achieve business success has been recognized by Funds Europe and this is really encouraging. We’re particularly excited that this year our front office capabilities have been recognized as this has been an area of intense focus for us in recent years.”
SimCorp Dimension is an integrated platform, covering front-to-back office requirements, which taps into a single source of high-quality position data across all listed asset classes. It helps firms to handle investment workflows more efficiently by automating all front-to-back office processes, which in turn reduces costs and the operational risks presented by manual workflows.
Holse continues, “Every year, we invest more than 20 percent of our revenue back into SimCorp Dimension. We upgrade it twice annually to ensure the platform can address our clients’ current needs.”
The winning entry highlighted recent SimCorp Dimension upgrades that have allowed powerful data management tools integrated in the back office to also offer timely insight for the front office. These upgrades improve support for investment decision-making and facilitate enhanced operational efficiency.