In line with its semi-annual release schedule, SimCorp has introduced version 4.8 of its seamless enterprise solution for investment management, SimCorp Dimension. The release features updates and new modules, designed to automate workflow processes further throughout the back-, middle- and front-office.
Managing credit risk through collateralisation
In the wake of the financial crisis, managing credit risk remains a top priority for investment managers and the industry is proactively taking measures to mitigate counterparty risk. Consequently, collateralisation is becoming progressively more important and the number of collateralised trades is expected grow considerably. In addition, widely anticipated regulatory changes will have an impact on the use of collateral in trading.
From version 4.8, SimCorp Dimension users will, among other things, benefit from the new securities lending functionality that significantly improves usability. With the introduction of new features such as block trades and collateral rules, SimCorp clients can now reduce cost through the reduced number of transactions and also spend less time deciding on which security to deliver.
Improvements through front to back office
SimCorp Dimension version 4.8 introduces several important updates and new functionality. In the front-office, new features and improvements simplify several processes from order simulation to trading, while adhering to compliance guidelines. In the middle-office, new SimCorp Dimension modules provide the investment manager with a better overview and increased analysis options for performance and risk. In the back-office, in addition to collateralisation, other traditionally cumbersome activities have now been further automated through new modules and enhancements to existing functionality.
Continuous product innovation
The release of SimCorp Dimension version 4.8 represents SimCorp's perennial guarantee of a semi-annual release schedule. SimCorp invests almost 30% of its cost base in research and software development per year and each year 200,000 hours are spent in accordance with the company's product development strategy. Close contact with its clients as well as thorough monitoring of current market trends ensure that SimCorp can provide timely functionality that allows investment management firms to keep pace with dynamic market conditions.
"We have always upheld our longstanding promise to our clients that twice a year we will develop and release important updates to SimCorp Dimension. We take this commitment very seriously because we want to ensure our investment management client base always has the most leading-edge technology available in the market," notes chief technology officer at SimCorp, Georg Hetrodt. "The investment management industry is constantly evolving and our consistent and reliable updates to our solution reflect that continuing evolution."