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SimCorp releases Front Office upgrade
SimCorp has launched its new Front Office Domain investment management software, which the company said contains a focus on providing an integrated, all-in-one functionality.
At a two-hour product launch on Tuesday, three specialists from SimCorp’s London office walked clients through a demonstration of the upgrades, which focused on three distinct domains within the software.
David Wheatley, domain manager for compliance within SimCorp’s Strategic Research group, said the upgrades to the compliance domain revolved around responsiveness, usability and functionality.
Responsiveness refers to refresh rates of data and being able to move quickly between different parts of the application; improvements in usability make it easier to navigate and complete work without having to go between lots of different tabs; and the functionality upgrade improved the configurability of the application.
Asset Management domain manager Martin Shaw demonstrated the software’s central position analysis and decision support platform and said the three areas of focus in the new product were control, transparency and intuitive, user friendly use.
Trading domain manager within SimCorp's Strategic Research group Matthew Reid demonstrated the Order Manager, which provides single-click trading flow to support accurate trading of high order volumes and real-time market data.
Nick Quin, SimCorp’s regional sales director, Asia Pacific, said that if a business has a lot of elements to it such as applications, interfaces, reconciliation and processes, this creates complexity which leads to additional cost and risk and you can potentially stunt business growth through a lack of scalability.
SimCorp’s Front Office upgrade aims to reduce these risks by automating and streamlining workflows from portfolio scenarios, rebalancing and order generation through to the final trade execution.
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