Why Business Processes and Data Services?
Business Processes and Data Services are designed to remove complexity from your shoulders by performing certain repetitive tasks on your behalf. It provides outtasking of dedicated business, data sourcing or IT process activities to simplify the monitoring and optimization of your SimCorp solution.
- Increase predictability in total cost of ownership and get a flat cost structure
- Get access to skilled resources and SimCorp’s best practices
- Provide an efficient and scalable delivery model with defined governance and established responsibilities using the RACI matrix
- Improve decision making with better quality and accurate data
- Ensure quality and timeliness of daily operations and reduce operational risk
- Improve employee satisfaction by redirecting your resources from routine tasks to business innovation
With Business Processes and Data Services, SimCorp performs two categories of services on your behalf:
1. Selected Business Services
The purpose of these services is to fill the consumption gap of activities taken on by you today because there is no other alternative. With these customized offerings, we give you the option to outtask business services to allow you to focus on your investment management core business
Examples of selected business services:
- Accounting and end-of-period service
- Fund administration service
- Pre-and post-trade compliance service
2: Data Services
Data Services helps clients automate and enhance the data exchange and interface between external sources and SimCorp Dimension, to balance fast and efficient operations with low-risk high quality data.
How it works
The service consists of a one-time onboarding service and an on-going service delivery. When you start your subscription, we define the objectives of the dedicated business or data processes and align Key Performance Indicators (KPIs) and Service Level Agreements (SLAs) to the delivery plan uniquely designed for you. Once the KPIs are agreed, we sign-off the transition into the on-going service delivery.
Who will benefit from Business Processes and Data Services?
Chief Operating Officer
- Experience more elasticity and flexibility of resources
- Support the innovation process focusing on business growth
- Maximize return on investment of your SimCorp Dimension solution
Chief Technology Officer
- Get access to industry best practices for systems and business operations
- Ensure effective ramp-up of valued priorities when introducing new technology
- Get access to vast expertise in application management and cloud best practices
Applications, Operations and Change Managers
- Get access to an extended team of experts
- Fast track to better adoption of your system
- Enjoy uninterrupted daily operations
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