SimCorp has published a white paper titled “Outsourcing: Assessing All the Ins and Outs.” The paper authored by Girard Healy, Principal, and William Beaulieu, Managing Director, of the Beacon Consulting Group is part of an ongoing series of industry thought leadership, compiled and published by SimCorp.
Today, asset managers are faced with numerous pressing challenges such as choppy markets, regulatory scrutiny and technology issues as they seek to deliver superior investment performance. Gaining a sustainable competitive advantage is key, and one of the ways to do so is to address the technology that is the core of every firm’s operations. However, adopting a new investment management solution is a complex and often daunting task. In the paper, Healy and Beaulieu provide a detailed analysis on considerations firms should make to determine whether or not to outsource when replacing legacy IT systems or business models. Beaulieu notes, “Technology solutions and the operating models of service providers have advanced substantially over the past decade and continue to rapidly evolve due to industry and competitive pressures. The options are out there, but in an era of limited resources, it is critical that firms make the right strategic choices when selecting solutions that will deliver investment results to clients and support to the front-office.”
David Kubersky, Managing Director of SimCorp North America, comments, “Investment managers are increasingly confronted with the need to replace legacy systems as shifting market environments test existing infrastructures – a test that many are unfortunately failing. As firms evaluate how best to transform their IT infrastructures and processes to enable business growth, we encourage them to explore the benefits of moving to a state-of-the-art IT system. These can include assurance of meeting industry standards for technology, flexibility, centralized control of data and support for new business processes.”
To download a copy of the Beacon Consulting Paper as featured in the latest SimCorp Journal of Applied IT and Investment Management, please click here.
Enquiries regarding this announcement should be addressed to:
Susan Peter, SimCorp North America (+ 1 917-546-4654)
Kevin Maher/Angela Byrne, Cognito, (+1 646-395-6300), [email protected]
Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds, and wealth managers. SimCorp’s world-class software provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients, and its investors. For more information about SimCorp's products, please visit http://www.simcorp.com/product.