SimCorp, leading provider of investment management solutions, today announced that it won Best Buy-side IBOR platform at the 2014 Buy-side Technology Awards, hosted by Waters Technology Magazine.
This is the first time that a category for IBOR, or the Investment Book of Record, has been included in the awards. The SimCorp platform is used by some of the world’s largest asset managers, who rely on the IBOR solution to bring together disparate data sources and provide a timely, accurate overview of risk exposure – a single source of truth.
A survey conducted by SimCorp earlier this year among 136 buy-side executives found that 95% agree that it is important to have on-demand access to portfolio calculations across asset classes, yet only 46% of respondents say they are able to generate intraday position snapshots.
The award was judged by five buy-side-focused technology consultants and two of the magazine’s editors. They considered factors such as the tangible business benefits offered by an IBOR, and interoperability with existing/legacy systems, finding SimCorp’s solution was the winning proposition.
Klaus Holse, CEO, SimCorp, said: “IBOR has become a critical competitive tool for many of our buy-side clients. That is why we are immensely proud that as well as being intrinsic to their success in today’s markets, we have also been recognized in this prestigious industry forum.”
Victor Anderson, Editor, Waters Technology, said: “Our awards recognize companies at the cutting edge of meeting the evolving needs for the buy-side with sophisticated technology. The addition of this year’s IBOR category illustrates one of the many ways that vendors are achieving this, and we were impressed by the high standards of the winners.”
The accolade was announced at a ceremony in London on November 7. At the 2013 awards, both SimCorp and its subsidiary SimCorp Coric, formerly Equipos, were recognized for Best Portfolio Accounting Platform and Best Buy-Side Client-Reporting Platform respectively.