System Environment

The multi-year recessionary climate has taken IT from being a support function to playing a critical, strategic cost management role. Most organisations now depend on IT more than ever and have recognised the strategic importance of technology as a vital element in their cost structure, operations and service strategy, as well as a core contributor to differentiate themselves in order to gain a competitive advantage. As the future role of technology is becoming more prominent, the IT organisation requires solutions that will enable it to support its new role.

System operations and system architecture

Cost challenges in system operations and architecture

Pressure on IT budgets will likely continue in 2009 and onwards, as organisations look to execute broad cost-reduction programmes to preserve capital and improve profitability. Without a comprehensive business and technology operations strategy, and a ‘value-added IT cost reduction’ approach, however, such efforts may fall short of achieving the planned savings.

SimCorp Dimension reduces costs in system operations and architecture

SimCorp Dimension’s enterprise architecture is based on a single Oracle database. This single database platform ensures that all of the business functions work with the same underlying data in a consistent manner. All positional data can therefore be consolidated and stored at a user-defined level of detail, which also enables the calculation of all key ratios on any details level required. The consolidated or aggregation structures are used throughout the front-, middle- and back-office functions, which enables this enterprise architecture to minimise the organisation's need to run multiple software and interface licences which may require costly resources.

Connectivity

Cost challenges within connectivity

Securing timely and accurate reference data that reflect the same values across an organisation need not be a challenging and costly endeavour. Reference data that is missing, out-of-date, or delayed can lead to incorrect analysis, trade breaks, and inaccurate risk measures and reporting. As part of an organisation’s strategic cost management framework, SimCorp Dimension’s extended enterprise database management, along with its sophisticated set of integration tools, enables organisations to reduce the cost of maintaining accurate reference data.

Five SimCorp Dimension integration tools to reduce costs

SimCorp Dimension offers five integration tools to automate the exchange of information between third-party applications, data providers and itself. The tools significantly reduce the costs of maintaining multiple interfaces and retrieval of data between disparate or legacy systems. Manual imports or exports of data can be replaced, allowing resources to be allocated to other tasks. The tools contribute to reducing IT complexity and the overall long-term costs of maintaining timely and accurate reference data.

Reporting

Cost challenges within reporting

In light of recent events in the financial markets, the reporting function has gained more importance and has begun to play an increasingly prominent role. According to Celent Research, client reports in particular are either the first or second most common reason why investors leave a firm.

SimCorp Dimension’s reporting solution reduces costs

The key to SimCorp Dimension’s cost-effective reporting suite is its open architecture database, which enables users to develop customised reports that meet the organisation’s reporting requirements. SimCorp Dimension incorporates Crystal Reports™ as part of its complete reporting solution. The reporting functionality can also be easily applied to output tables of key ratios and information produced by SimCorp Dimension.

Back