SimCorp’s full remote delivery successfully completes client implementations worldwide, during Covid-19 lockdown

June 4, 2020

Press Release                 

SimCorp, a leading provider of integrated, front-to-back, multi-asset investment management solutions and services to the world’s largest buy-side institutions, today announces the successful go-live of several clients worldwide, completed with SimCorp’s full remote implementation delivery during the Covid-19 lockdown. The success of SimCorp’s full remote delivery model has continued to empower its clients, bringing them into production on time, regardless of geography and robustly supporting them with business continuity in already challenging conditions.

Supported by the 100% remote working capabilities of SimCorp’s own employees during this period, the full remote delivery model has been smoothly adapted and enhanced with additional capabilities, during the Covid-19 lockdown. Together with the tactical use of cloud collaboration tools, daily reporting and milestone tracking, SimCorp’s full remote delivery model has ensured operational resilience for clients, successfully completing several existing client implementations remotely. This includes a SimCorp Gain upgrade, for the Investment Management function of Zurich Insurance Company Ltd. It has also been used to start a number of new client implementations including Anima SGR, the largest independent asset management group in Italy.

Other examples of completed client implementations during the pandemic, include: 

• Derivatives processing at US capital markets firm
• FX and futures trading at US state retirement plan
• EOP accounting activities for Central European insurer
• IFRS - harmonization of data and financial assets for large insurer across 10 countries
• SFTR cloud solution for European pension fund implemented within 20 days
• Multi-feed data management solution for security data and pricing for large Nordic pension fund
• Automating processing of new derivative products for Sovereign Wealth Fund
• Cash reconciliation at Nordic insurance company
• BI and Data Warehouse solution for Swiss Asset Manager

Launched a few years ago, SimCorp’s remote delivery model was created to bring clients further optionality in the implementation process. It forms part of the global implementation model and continues its established 100% success rate in the industry. Previously used as a hybrid approach, it delivers clients a combination of on and off-site implementation support. It also offers the additional benefit of reduced cost, while creating a positive impact on carbon footprint, with reduced air travel. It has now been adopted as the sole model of delivery with great success, particularly among clients with geographically distributed sites and workforce.