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Tuesday, April 08, 2008

SimCorp Upgrades Fund Management Software

News summary by MFWire's editors

SimCorp has released the latest version of its investment management software. SimCorp Dimension, version 4.3, is part of SimCorp’s half-yearly release schedule of software updates.

Company Press Release

NEW YORK, April 8, 2008 – SimCorp has released version 4.3 of its investment management system, SimCorp Dimension. The release features significant advantages across the system that enable SimCorp Dimension users to become more competitive by reducing costs and increasing efficiencies in workflows across departments.

The release is part of SimCorp’s half-yearly release schedule and introduces both new functionality and system enhancements – from front to back office functionality. The release strategy is part of SimCorp’s commitment to staying ahead of changes in the market and clients’ needs.

For the front office, Portfolio Workbench, the portfolio management module, has been enhanced. It comes with a new graphic user interface and allows customization to fit individual workflows, company terminology and more.

In the middle office area, new functionality is introduced to ease the risk reporting process with new analytical tools added.

Users will also experience significant improvements in the back office area, where – among other things - securities operations have been enhanced within reallocation, netting and the next generation corporate actions functionality automating the corporate action workflow.

“SimCorp Dimension allows companies to become more competitive with the reduction of operational costs and increased transparency for both customers and authorities,” says Senior Vice President at SimCorp Michael H. Andersen. “SimCorp has increased its investment in R&D by more than 30 percent in the past year to further enhance the functionality of SimCorp Dimension. Because of its flexibility, SimCorp Dimension meets the needs of all investment managers and combines broad system coverage with consistency of design and operation.”

About SimCorp

SimCorp is a leading provider of highly specialized software and financial know-how for the financial sector. SimCorp has approximately 900 employees and is listed on OMX Nordic Exchange Copenhagen A/S. For more than 35 years, SimCorp has developed its product in close collaboration with a number of international financial institutions. The SimCorp system, SimCorp Dimension, is sold, implemented and supported from the head office in Copenhagen and subsidiaries in Europe, North America, Australia and Asia.

All names are the property of their respective owners.

This release and prior SimCorp releases are available online at www.kcsa.com.

Edited by: Erin Kello

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