London-based Genesis Investment Management has implemented SimCorp’s end-to-end client communications and reporting suite, SimCorp Coric, to replace its existing legacy system.
The implementation of the Coric solution at Genesis, an emerging market investment specialist, lasted 16 weeks. It is built on a cloud-based platform, hosted by Microsoft Azure, and helps to reduce total cost of ownership.
"SimCorp Coric has helped us minimize the technological challenges and risk associated with the client reporting process, and our choice of the Azure-based hosted infrastructure has injected simplicity and speed into our reporting environment," says Jens Moller-Butcher, chief operating officer at Genesis. "SimCorp Coric has enabled us to refine our workflow processes and as a result achieve more than 40 percent improvement in system performance, which means we can improve our focus on consistently delivering quality reports to clients."
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