C WorldWide Asset Management Selects SimCorp Coric
SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has announced that C WorldWide Asset Management Fondsmæglerselskab A/S, has extended its SimCorp Dimension license agreement to include Data Warehouse Manager and SimCorp Coric. With the investment, the firm aims to enhance its client reporting to meet the growing demands for transparency, by the global investor community.
C WorldWide Asset Management, a Danish based Asset Manager with DKK 110bn AuM, will be replacing its current reporting solution with SimCorp Coric’s full end-to-end client communications suite, and for the first time, adopting digital reporting to its clients with SimCorp Coric Web Reporter. The move is designed to accommodate increasingly frequent and complex requests for data from investors. C WorldWide Asset Management’s Client Service teams will be empowered with the ability to design new reports as well as customize content through the provision of user-friendly reporting tools.
C WorldWide Asset Management selected SimCorp Coric and the SimCorp Dimension Data Warehouse following a competitive tender process. A key factor in the decision process was SimCorp Coric’s ability to seamlessly integrate with the Data Warehouse, which acts as a central repository for reporting and analytics. This means C WorldWide Asset Management will be able to ensure that extracted data can be pulled together into a standardized, usable format for reporting. The single source will simplify the process dramatically, creating timely, highly-automated and accurate reporting, streamlining workflows and strengthening compliance handling.
Charlotte Wisbech Skov, Head of Portfolio Administration from C WorldWide Asset Management said: “Client reporting is an important communication tool for C WorldWide Asset Management. With SimCorp Coric, we will now have a reporting solution that can be integrated together with SimCorp Dimension, our broader front to back investment management platform. This development supports our strong focus on delivering a world-class client experience, further strengthened by the inclusion of digital self-service tools. The integrated approach also has a direct impact on the implementation time frame, which is expected to be shorter, compared with alternative solutions.
Stuart Keeler, Managing Director at SimCorp Coric said: “We are delighted to welcome C WorldWide Asset Management to our rapidly growing global client base, and to our new suite of digital client reporting services. SimCorp Coric is committed to investing in next generation technologies, to deliver client information via web browser or mobile device. This approach is key to delivering confidence to the investor and unburdens asset managers like C WorldWide Asset Management with the aggregation, management and communication of data reporting, leaving them to focus more closely on their organizational objectives.”
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