Automating the client reporting and communications process with SimCorp Coric will enable Eaton Vance to focus on client engagement and revenue growth.
SimCorp today announced that Eaton Vance Management has chosen SimCorp Coric as the new client reporting and communications platform for its global operations. The agreement, which was signed in December 2014, covers Eaton Vance Management and its majority owned affiliates (together “Eaton Vance”), including Parametric and Atlanta Capital Investment Managers.
Eaton Vance will deploy SimCorp Coric to automate the production of client communications, including quarterly client and investment reports, client statements, and fund fact sheets. Reporting cycles will shorten and require less manual work to complete, resulting in operational efficiencies. The Eaton Vance client relationship team, which manages the client reporting process, will be able to reallocate time and resources to client-centric servicing work, thereby enriching client engagement.
John Shea, Chief Information Officer at Eaton Vance, commented: “SimCorp’s infrastructure, financial stability, global reach, and business-user focus provided an ideal fit with our business growth and risk mitigation goals. This initiative was driven not only by the operational efficiencies that SimCorp Coric will bring, but also by our passion to enrich the quality and timeliness of the service we provide to our clients. Throughout the selection process, we received positive recommendations from existing SimCorp Coric clients, who spoke often of the operational efficiency the solution provides. This enables client relationship managers to spend more time engaging with clients to satisfy their individual investment goals.”
Mike Hendy, Vice President, North America at SimCorp Coric said: “SimCorp’s acquisition of the Coric solution has proved to be extremely successful, culminating in this exciting new agreement with Eaton Vance. This solution has long been the market-leading client reporting and communications platform, and now benefits from SimCorp’s global presence and capability. We are excited about working with Eaton Vance and continuing our growth trajectory going forward.”
Enquiries regarding this announcement should be addressed to:
Nicola Cowburn, Vice President Global Marketing, SimCorp Coric, Phone: + 44 (0)1344 701988, Email: [email protected].
About Eaton Vance
Eaton Vance Corp. is one of the oldest investment management firms in the United States, with a history dating back to 1924. Eaton Vance and its affiliates managed $297.7 billion in assets as of October 31, 2014, offering individuals and institutions a broad array of investment strategies and wealth management solutions. Eaton Vance’s long record of providing exemplary service, timely innovation and attractive returns through a variety of market conditions has made it the investment manager of choice for many of today’s most discerning investors. For more information, visit www.eatonvance.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. Based on its world-class software platforms, SimCorp Dimension and SimCorp Coric, SimCorp provides global financial organizations with the tools they need to mitigate risk, reduce cost, and enable growth. Listed on the NASDAQ OMX Copenhagen, SimCorp is a global company, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com.