Middle Office

Performance and risk management both play an essential role in an organisation’s cost management strategy. The challenges faced in the middle office include inconsistent data quality, lack of transparency and manual, ‘error-prone’ processes. If these challenges are not effectively addressed, they will continue to increase an organisation’s middle-office cost base.

Risk Management

Cost challenges in risk management

Timely access to decentralised and transparent information for risk analysis is essential for the effective assessment of market risk exposure. Gaps in information about current and potential future exposure as well as unintended or unanticipated accumulation of risk positions can result in costly losses. Effective risk management is central to any long-term and sustainable strategic cost management framework.

SimCorp Dimension reduces risk management costs

SimCorp Dimension offers a risk management solution that is fully integrated with its front office, middle office and back office functionality. This solution, which is ideal for an organisation looking to implement a long-term, strategic cost management framework, is integrated at various levels.

Performance

Cost challenges in performance

Global Investment Performance Standards (GIPS), client demands, sophisticated investment strategies that include exotic derivative and structured products among other things, as well as the growth in the cross-border distribution of funds are driving complexity and increasing costs when it comes to performance measurement. To deal with this over the long term, it is essential for any organisation in the industry to have a strategic cost management framework in place.

The SimCorp Dimension solution for reducing performance-related costs

SimCorp Dimension’s performance measurement and attribution solutions eliminate the need to import and reconcile data with an accounting system, thus dramatically reducing the costs related to these tasks. Its performance solution utilises and shares the same transactions, positions and static data throughout the enterprise, along with all other operational and analytical functions. Organisations can utilise this solution when implementing a cost-effective, long-term strategic cost management framework.

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