SimCorp, a leading provider of investment management solutions and services for the global financial industry, today announced winning the “Best Portfolio Accounting Platform” at the 2013 Buy-Side Technology Awards. The recognition showcases SimCorp’s leadership in addressing the ever-changing business needs of buy-side firms through the state-of-the art solution, SimCorp Dimension.
“SimCorp is honored to receive this year’s award for ‘Best Portfolio Accounting Solution’ as this further validates our ability to deliver clarity, transparency and a streamlined investment management approach to buy-side firms,” says Klaus Holse, CEO at SimCorp. “SimCorp Dimension’s portfolio accounting solution has been an agent of change and innovation for buy-side firms across the globe.”
SimCorp Dimension, used by investment management enterprises, is the first and only solution in the market to be built on a single optimized database that holds all portfolio data in one location across all asset classes, products and strategies. SimCorp Dimension’s ability to centralize positions and transactions across a firm’s entire book of business is extremely important for the accuracy of investment processes dependent on portfolio accounting data such as striking NAVs, performance measurement, exposure monitoring and stakeholder reporting.
With increasing regulatory demands requiring businesses to report data properly, timely and efficiently, it is imperative that firms have the ability to access this information in an organized, centralized place in real-time. The legacy systems that many firms have in place are incapable of supporting the broad and rich set of products that firms need to remain competitive. Klaus Holse explains, “Buy-side firms globally continue to give SimCorp Dimension their votes of confidence and trust the system to manage complex trading strategies, provide a single source of accurate position data, and ultimately boost performance and drive portfolio growth. We are always happy to see industry experts recognize this as well.”
Enquiries regarding this announcement should be addressed to:
Lars Falkenberg, Head of Global Marketing & Communications, SimCorp, +45 2630 0127
Kevin Maher/Miranda Garrison, 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 www.simcorp.com/product.