Fund Accounting
Flexible and reliable support for fund accounting workflow
In order to manage new legislation, the cross-border sales of funds, outsourcing and consolidation, global fund managers and administrators need flexible and reliable workflow support. SimCorp Dimension’s comprehensive, state-of-the art solution for investment funds enables these companies to take national and international tax issues into account, observe multinational accounting compliance standards and efficiently generate NAV calculations for large numbers of funds.
Moreover, SimCorp Dimension enables clients to produce a variety of report formats as required by investors and authorities in different markets and jurisdictions. Due to SimCorp Dimension's cost-effective Straight-Through-Processing workflow, investment funds can easily achieve the process overview and control that are crucial to producing required financial reporting on a daily basis.
Simple and effective administration with automated reporting
The growing international orientation of investors has obliged investment fund companies to enter new markets and to develop new products. The complexity of managing a fund across different markets and meeting reporting deadlines for clients and respective authorities pose significant challenges. The time constraints involved when updating prices and calculating NAV, for example, make having an efficient and reliable workflow, such as that provided by SimCorp Dimension, absolutely imperative.
Flexibility for new requirements and regulations
The increasing globalisation of the fund management industry has been inevitably accompanied by new regulations. To cater for this, SimCorp Dimension continuously upgrades its reporting capabilities in accordance with changes in international, regional and local regulations. Diverse reporting requirements to various regulators can be easily met, thanks to SimCorp Dimension’s streamlined and open database design. Its flexible income equalisation functionality, for example, can provide complex tax calculations for different regimes, and support is provided for year-end closing and fund dividend declaration as required by the relevant national legislation.
