SimCorp Partners with Qlik to Strengthen SimCorp Dimension with Business Intelligence
Press Release
SimCorp, a leading provider of investment management solutions and services to the global financial services industry, and Qlik, the leading data analytics platform and the pioneer of user-driven Business Intelligence (BI), today announces a new partnership, enhancing SimCorp Dimension, with the addition of Qlik’s Business Intelligence platform. Under the partnership, Qlik’s advanced BI and analytics platform will be embedded in SimCorp’s Data Warehouse Manager, providing SimCorp clients with fast insights into their investment management operations, portfolio analytics and performance management.
SimCorp’s Data Warehouse Manager is a fully automated, central repository for reporting and analytics. The solution supports buy-side firms with a single source of truth, delivering clean and accurate data for simplified reporting. By consolidating internal and external sources of data, the solution provides firms with a holistic approach to data warehousing, eliminating the need for costly data consolidation tools. The introduction of BI and analytics is a natural extension of the service, empowering business users with insightful analytics that helps them make faster and better investment decisions.
Whilst BI and analytics platforms have undergone a broad evolution over the last decade, navigating the vast number of vendors has become a challenge for many firms. Having already done this due diligence, SimCorp is simplifying the selection process for its clients, by offering Qlik’s platform, embedded as a deployed service, together with SimCorp Dimension and its Data Warehouse. SimCorp will also be the single point of contact for clients for services and support, making vendor management that much simpler.
SimCorp’s new ‘BI and Analytics’ offering powered by Qlik, provides users with powerful insights, as they explore and learn from their enterprise data and includes access to the highly intuitive self-service portal powered by Qlik Sense Enterprise. The ‘Associative engine’ sets Qlik apart from other BI solutions, enabling users to scour through a myriad of data and instantly pivot queries, based on data uncovered by SimCorp Dimension and its Data Warehouse. The partnership also gives SimCorp clients access to Qlik’s best in class advanced analytics platform, thereby benefiting from a strong consolidated investment platform with SimCorp Dimension.
Lars Ole Hansen, Product Manager for Performance measurement and BI at SimCorp, comments on the agreement: “With data being the foundation of buy side operations, it is vital that SimCorp responds to client needs as they evolve. We are pleased to partner with Qlik, as part of our commitment to deliver best in class analytics, combined with strong data governance. Qlik’s shared strategic vision, focus on product innovation, and ability to truly embed analytic capabilities via open API’s into enterprise solutions like SimCorp Dimension, were key in our decision. We are confident that the consolidation of BI and analytics with SimCorp’s integrated investment management system will prove invaluable for our clients.”
Rosagrazia Bombini, Area Vice President OEM EMEA at Qlik, comments: “SimCorp is a global leader within investment management solutions with a solid experience and understanding of a market, constantly reshaped by digital technologies. We are pleased SimCorp has chosen Qlik to meet the growing data & analytics needs of the financial services industry and to help their customers make better decisions, with a unique customer experience.”
SimCorp’s BI and Analytics offering will be available to clients as of October 2018, together with SimCorp’s Data Warehouse Manager.
Enquiries regarding this announcement should be addressed to:
Mittal Shah, SimCorp UK/North America +00 44 207 397 8072 mittal.shah@simcorp.com
Anders Crillesen, SimCorp Corporate Communications +45 3544 6474 anders.crillesen@simcorp.com
Kelly Hall, Director of Communications, EMEA Qlik PR +44 7983 298193 kelly.hall@qlik.com
About SimCorp
SimCorp provides integrated, best-in-class investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers and sovereign wealth funds. Whether deployed on premise or as an ASP solution, its core system, SimCorp Dimension, supports the entire investment value chain and range of instruments, all based on a market-leading IBOR. SimCorp invests more than 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, regionally covering all of Europe, North America, and Asia Pacific. For more information, please visit www.simcorp.com
About Qlik
Qlik is on a mission to create a data-literate world, where everyone can use data to solve their most challenging problems. Only Qlik’s end-to-end data management and analytics platform brings together all of an organization’s data from any source, enabling people at any skill level to use their curiosity to uncover new insights. Companies use Qlik to see more deeply into customer behavior, reinvent business processes, discover new revenue streams, and balance risk and reward. Headquartered in Radnor, Pennsylvania, Qlik does business in more than 100 countries with over 48,000 customers around the world.