SimCorp today announced winning ‘Back Office Provider of the Year’ at the 2013 Funds Europe Awards.
The award builds on recent success for SimCorp at both the Buy-Side Technology Awards, and the Global Custodian Awards, which recognized the firm in portfolio accounting and collateral management respectively.
“Back office functions are more critical to fund managers today than ever before, owing to the unprecedented levels of volatility and complexity seen in capital markets in recent years,” said Klaus Holse, CEO at SimCorp. “With SimCorp Dimension, the back office technology is designed to equip firms to monitor and manage resultant risks. We’re thrilled that this critical support has been recognized by Funds Europe, as well as the role that our services play in helping clients to achieve business success.”
SimCorp Dimension supports virtually all investment management processes from front to back office. It helps firms to comply with industry standards by automating back office processes, which in turn reduces costs and the operational risks presented by manual workflows.
Holse continues, “Every year, we invest more than 22 percent of our annual revenue back into SimCorp Dimension, ensuring that the platform can address our clients’ current needs. This is essential in the constantly shifting investment and regulatory environment.”
The winning entry highlighted two of these upgrades which allow clients to both effectively manage collateral, as well as handle initial and variation margin for over-the-counter derivatives.
Sophia Morrell, Greentarget, +44 (0) 207 324 5487, Sophia.email@example.com
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 Nordic, SimCorp is dedicated to supporting the global investment management industry, its clients, and its investors. For more information about SimCorp’s solutions, please visit www.simcorp.com/solutions.