The asset management industry is experiencing a period of unparalleled change, driven by, among other things, a need for more transparency and better reporting, an increasing list of new client demands, more rigorous regulatory controls and fundamental changes to the financial markets.
Mitigate risk
Recent events in the financial industry have clearly illustrated the ramifications of an incomplete or loosely enforced risk management function. As a result, investors are making much more stringent demands on the level of risk they are prepared to assume, while continuing to demand a high return on their investment. This environment forces asset managers to effectively manage the many forms of inherent risk in their business models in order to minimise the bottom line impact and at the same time ensure a high degree of stakeholder satisfaction.
Mitigate risk in the investment process
In the aftermath of the global financial crisis, much more emphasis has been placed on risk mitigation in the asset management industry. Of particular concern to many asset managers are market risk, counterparty risk and the risk of non-compliance. SimCorp Dimension is designed to help asset managers effectively and accurately assess and report these and other forms of risk to all stakeholders, including management, clients and authorities, using industry standard key ratios. In addition, SimCorp Dimension’s single-database, straight-through-processing architecture helps mitigate operational risk by eliminating manual processes and ensuring decisions are based on up-to-date and accurate data and information.
“We’re confident we’ll be able to adapt to changing requirements of our clients, no matter how demanding they might be.” Jan Weber, CFO, DIAM International.
Reduce cost
In the intense competitive environment inherent in the asset management industry, asset managers are compelled to develop new and improved products as a means to attract new clients. Coupled with this is a constant pressure on cost levels as both regulators and clients demand more stringent risk management protocols, sufficient liquidity and position coverage, and greatly increased expectations concerning transparency.
Cost reduction throughout the organisation
Cost management has become not only a necessity, but an integral part of the strategic fabric of many asset management organisations, holding a crucial role in ensuring continued profitability. SimCorp Dimension supports these organisations with a range of innovative capabilities that, among other things, reduce personnel requirements, eliminate manual processes and minimise exception processing.
Enable growth
Asset managers can realise growth in a number of ways: through organic strategies such as product differentiation and low-cost leadership, accelerated growth strategies involving entering new geographical markets or mergers and acquisitions, or a combination of these strategies. To be successful, asset managers require an investment management system that supports expansion while minimising a corresponding increase in cost.
Create value through scalability, cost reduction and product innovation
SimCorp Dimension is a comprehensive investment management system offering asset management organisations unprecedented flexibility, scalability, functionality, usability, performance and reliability in a highly configurable and fully integrated modular solution and is uniquely capable of supporting an asset manager’s current and future strategic and tactical initiatives, facilitating years of growth.
