SimCorp Spotlights Top Technology Resolutions for the Buy-Side to Keep in 2013
1/29/2013 8:59 AM EST
SimCorp A/S
Press release
SimCorp Spotlights Top Technology Resolutions for the Buy-Side to Keep in 2013
SimCorp, a leading provider of investment management solutions and services for
the global financial services industry, today announced a collection of
technology resolutions that buy-side firms should keep in 2013. The list
focuses on technology improvements that drive portfolio value, provide
competitive advantage and allow asset managers to comply with the current
onslaught of regulatory reforms. SimCorp’s technology resolutions for buy-side
firms include:
1. Pay greater attention to operational excellence in the back-office - Asset
managers should take the time to understand if outdated back-office systems are
impeding investment performance.
2. Invest in an "IBOR" (Investment Book of Record) - A solid IBOR delivers a
single source of truth for both front- and back-office users that provides a
holistic view into assets and exposures.
3. Evaluate multi-asset class systems that accelerate time-to-market for new
securities - Firms should look to automate front-to-back office workflows on a
single platform to accelerate time to market for even the most exotic
instruments.
4. Leverage funding for regulatory reforms for enterprise "make-overs" - If the
buy-side looks at regulation in piecemeal, asset managers are missing the
chance to unleash compliance spend to improve enterprise architecture. With
reforms like Dodd-Frank, EMIR and Solvency II come opportunities to make
changes that drive investment performance.
5. Realize that portfolio accounting matters - Many buy-side firms are closer
to insolvency than they realize. Those that evaluate and transform their
accounting systems are the ones who will stay ahead of the competition because
they will understand with great detail, ‘what they own’, ‘what it is worth’ and
‘their total exposure’.
6. Understand the implications of data management for client reporting - A
focus on centralized position-keeping for improved data quality and greater
data accessibility will be a key competitive differentiator.
David Kubersky, Managing Director for SimCorp North America explains, “A
proactive approach in using technology to drive innovation and growth will
well-position buy-side firms for 2013 and beyond. Those that take a ‘wait and
see’ technology stance risk finding themselves ‘watch and implode’ as market
dynamics out-run the outdated portfolio management systems in place.”
Enquiries regarding this announcement should be addressed to:
Susan Peter, SimCorp North America, +1 917 546 4654.
About SimCorp
Since 1971, SimCorp has been providing investment and portfolio management
solutions and services to the world’s leading investment managers, asset
managers, fund managers, fund administrators, pension funds, insurance funds
and wealth managers. SimCorp’s world-class software provides global financial
organisations with the tools they need to mitigate risk, reduce cost and enable
growth. SimCorp is a global company, regionally covering all of Europe, North
America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is
dedicated to supporting the global investment management industry, its clients
and its investors. For more information about SimCorp’s products, please visit
www.simcorp.com/product.