Accounting

SimCorp has been the market leader in accounting solutions for over 50 years, with 70+ accounting regimes currently live across all major jurisdictions. Our comprehensive coverage includes compliance with IFRS, regional GAAP, and local statutory reporting requirements across all asset classes.

Our platform provides complete instrument coverage including alternatives and complex OTC derivatives, delivering multi-jurisdictional regulatory compliance in a single system. Group currency accounting manages P&L in three currencies simultaneously without duplicating operations. 

Unlike other platforms using end-of-day batch processing, SimCorp One provides unified accounting data integrated directly with your investment data, ensuring consistent, accurate financial positions throughout your organization.

Our unified approach delivers a consolidated view with complete data transparency. Since your investment and accounting data share the same foundation, there's no need for reconciliation between separate systems. The system provides direct feed to corporate general ledger with full audit trail capabilities. 

SimCorp's accounting automation includes built-in validations and straight-through processing that increases accuracy while reducing operational risk. Our automated period-end workflows and accounting closure processes streamline complex financial operations.

The system features advanced error identification and exception handling capabilities, with complete traceability for backdated changes and system reversals to maintain full audit control. 

Handle complex portfolios with mixed asset classes through unified accounting methodologies, eliminating the need for separate systems and manual consolidation. Our platform ensures consistent accounting treatment across all investment types.

The system provides streamlined subsidiary and SPV consolidation capabilities, with comprehensive support for complex legal structures and purchase price allocations.