SimCorp’s Investment Accounting Services have been recently launched to respond to a growing trend from buy-side clients for simplifying their operating model by outsourcing business processes.
The service also includes an investment accounting advisory overlay with access to a team of local accounting experts. It enables clients to access reports via an intuitive cloud-based self-service portal, consolidating post-trade data across multiple asset types.
As part of a long-standing partnership with SimCorp, AXA IM has deployed SimCorp Dimension for its front office activities over Europe, America and Asia.
Godefroy de Colombe, Global COO at AXA IM, commented: “The deployment of SimCorp Dimension has been key for the industrialization of our operating model by rationalizing our Front Office tooling across asset classes. The addition of Investment Accounting Services will improve our efficiency and accounting reporting processes. We look forward to continue our collaboration with the SimCorp teams.”
Jochen Müller, Executive Vice President, MD Operations and Accounting Services at SimCorp, said: “It has been a great journey to work with AXA IM on the front office technology and we are excited to further extend our collaboration to our recently launched Investment Accounting Services. Clients like AXA IM want to consume technology differently as they did in the past. They want you to take more ownership and improve efficiency even further by running accounting process and provide regulatory reporting – exactly what we’re doing with this service.”
With more than 140 clients relying on its best-in-class accounting engine to manage over USD 25 trillion across 70 jurisdictions, SimCorp’s strong expertise through 50 years of experience places it in a unique position to deliver first-class investment accounting services to clients.
SimCorp is the world’s leading provider of integrated investment management solutions. With 50 years of experience developing state-of-the-art software for top-tier investment managers, they have evolved their solutions to meet the needs of an ever-changing marketplace. Deployed on-premise or in the cloud, SimCorp’s core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain™, and SimCorp Sofia™ form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, based on a market-leading IBOR. SimCorp invests around 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company, with regional offices across EMEA, North America, and Asia Pacific.
SimCorp: Alex McNab-Lundback – +4521314487 – [email protected]