NEW YORK, Dec. 13, 2017 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services to the global financial services industry, today announces its latest industry accolade, the award for Best Fund Accounting, Portfolio Management & Data Platform at the Data Management Review Awards 2017. The awards ceremony, which took place last Friday, honored SimCorp's commitment to the financial services industry with its innovative investment management solution, SimCorp Dimension, and in particular the suite of software and services that solve the data management issues in the industry.
The award, which aims to recognize vendors within financial technology, was voted for by the Data Management Summit Advisory Board and the readership of Data Management Review, including both the buy and sell-side, securities administrators and insurance firms. The latest recognition comes hot on the trail of last month's Funds Europe Awards 2017, where SimCorp also won the category of European Back & Middle Office Provider of the year. Performance, growth, client service, and commitment to the asset management industry were just some of the key criteria for judging the winners.
Both awards credit SimCorp's accounting origin, which has been continually developed over the decades to provide buy-side clients with cutting-edge accounting tools, multiple accounting and tax frameworks, and a highly automated ABOR (Accounting Book of Record) to support global business lines. This functionality is now tightly integrated with robust front and middle office functionality to provide the market with a 'whole office' solution in one system.
With a market-leading IBOR (Investment Book of Record) as its foundation, SimCorp Dimension enables more than 180 clients worldwide to readily access one source of real-time data across the investment lifecycle. Over the years, SimCorp has been honored across the industry for its IBOR technology, including earlier this year, where it received the FTF News Technology Innovation Award for Best IBOR Solution for the third year running. SimCorp's IBOR was also the winner at this year's Waters Technology Buy Side Technology Awards 2017, where it was awarded Best IBOR Platform for the fourth year running. Lastly, the Waters Technology Awards 2017 saw SimCorp Coric picking up two awards for Best Buy-Side Client Reporting Platform, and Best Buy-Side Implementation, amidst tough competition from its peers.
Klaus Holse, CEO, SimCorp: We are honored to receive yet another award recognition this year. With clients such as Generali, UBS and AXA Investment Managers on board, we are ever more committed to continue developing SimCorp Dimension at full speed, investing around 20% of our annual revenue back into the product. The combination of a world-class IBOR and ABOR in one single multi-asset system is crucial to a streamlined investment process and is fast becoming an industry need as investment managers embrace multi-asset investment strategies and alternatives."
Nick Fitzpatrick, Editor, Funds Europe: "The Funds Europe awards recognize the leading investment firms, asset servicers and vendors in the European industry. With the experience of an independent panel of judges and strict criteria, this year's award recipients have been chosen for their exceptional commitment to investors and clients, delivering innovative solutions, and evolving technologies."
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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.