The winner of this year’s best buy-side client reporting platform award last graced the winners’ circle back in 2013 under the Equipos name, a year before it was acquired by SimCorp and brought into the Danish vendor’s portfolio. In the three-and-a-half years since that acquisition, SimCorp Coric has evolved beyond a pure client reporting platform into a holistic client communications offering that impressed the BST Awards judges with its commitment to improved user experience, data management capabilities, and the continuous development of its digital channels.
Asset managers have become increasingly aware of the importance of client communication with underlying impacts on operational performance and profit growth. As such, an efficient client reporting and communications solution has become a must-have for buy-side firms, with a heavy focus on automated workflows. While other offerings in the client reporting space double-up solely on the reporting aspect, SimCorp Coric takes a holistic view of the client communications process, addressing the bigger picture of what asset managers require to ensure that investors are kept up to speed through accessible online tools that provide easy-to-absorb data and reports in a variety of formats.
At the core of any client reporting solution worth its salt is robust and consistent data management functionality. SimCorp Coric has a data-agnostic approach with consistent datasets across its reporting and communications tools, setting itself apart from its competitors through simplification of data gathering, modeling and loading alongside detailed validation processes, sidestepping the need to build intermediate steps and file extraction. Recent upgrades to the reporting solution allow users to build reports on top of data imported into SimCorp Coric without having to revert back to the original data source systems to make changes. Reports configured and set up by managers or client reporting teams are fed into an automated online workflow, overseen via online dashboards which enable reviews of individual elements or commentary requests throughout the process— rather than being specific IT team tasks.
SimCorp Coric has also responded to demands from the asset managers for greater flexibility and customization when it comes to building and delivering client reports through a range of online, digital and self-service tools. The same applications used to create traditional PDF or Excel reports are also available to build online portals or interactive factsheets, replete with data drill-down tools and tagging features, enabling investors to access whatever information is most necessary to them.
Anthony and James examine some of the key themes that will be on display at the inaugural North American Innovation Summit.Subscribe to Weekly Wrap emails