New SimCorp Coric Upgrade Equips Client Services with Self-Service Client Reporting Tools

12 November 2014

Latest version of SimCorp Coric shortens the process and cuts the cost of preparing pitchbooks and client meeting packs for wealth and asset managers.

SimCorp, has released a new version of SimCorp Coric, its best of breed client communications and reporting solution. This is the second of two upgrades released in 2014. SimCorp completed the acquisition of Equipos, the award-winning client reporting market leader, on March 1, 2014. The firm’s Coric Client Communications solution was re-branded SimCorp Coric in June.

This new release will provide institutional asset managers and private wealth management firms with a suite of web-based, business-user-friendly tools that enable the quick and easy creation of pitchbooks, client meeting packs and other client communications.

Relationship managers, advisors, Client Services professionals and bid management teams will use these tools to create unique, personalized documents on the fly. Custom reports are generated simply by selecting from a library of pages or sections, which are created, maintained and pre-approved by relevant stakeholders (Marketing, Sales, Compliance, and Legal). The correct cover, contents, styling and disclaimers are automatically inserted, thereby eliminating the risk of compromising corporate branding guidelines, missing deadlines or breaching compliance. The output typically requires no further approval prior to publishing and can be distributed in print or electronically, according to client preferences. It can also be viewed on-screen, in real-time, during a client meeting if required.

These capabilities have been introduced in response to demand for self-service tools that shorten the process of creating client reports and other client communications. As a result, relationship managers and advisors can spend more time in client-facing engagement. Pitchbooks and client meeting packs can be compiled much closer to a meeting date or deadline, enabling constructive discussions with clients, based on the most current data.

Also included in this release is enhanced support for Microsoft Excel. Output created within SimCorp Coric can be exported into Excel worksheets, retaining marketing-quality look and feel while providing greater control over native Excel functionality.

“With competitive pressure for wealth and asset managers to operate more efficiently and engage with clients more effectively, self-service tools ensure timely and relevant client communications,” said Klaus Andersen, Managing Director, SimCorp Coric. “Our goal, when we began creating this SimCorp Coric upgrade, was to enable client services teams to present prospective and current clients with the valuations and data they require, whenever they require them, in order to facilitate discussions that will ensure business growth and promote client loyalty.”

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