Schroder Investment Management implements SimCorp Dimension as Portfolio Book of Records into its Target Operating Model, Schroders architecture system.The new service will allow Schroder improved operational efficiency, reduced risk and simplified processing.
SimCorp Dimension has replaced two older systems, one packaged and one built in-house, bringing all asset classes together onto a single platform. It handles real-time position keeping and lifecycle management across all portfolio mandates and reporting structures, transaction processing, investment accounting, income processing and corporate actions and it feeds all of Schroder’s downstream systems.
Schroders has already done its first regular annual upgrade of SimCorp Dimension with enhanced derivatives processing and other comprehensive features.
Our Target Operating Model is specifically designed to accommodate change in our business, such as acquisitions, with minimum disruption, says Matthew Oakeley, head of Group IT, Schroders. To achieve this we needed to deploy systems that allow us to move forward and SimCorp Dimension does that because SimCorp has invested in system development and continues to do so.
Our component vision allows very clear definition of functions. We have implemented SimCorp Dimension very much in accordance with our model, so going forward we know where to implement required new functions to support business change, continues Matthew Oakeley.It avoids systems spaghetti but without insisting on a single system to do everything. With SimCorp Dimension implemented within our Target Operating Model the whole architecture works.”
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