SimCorp, the Danish provider of investment administration software, has adapted to a time of heightened counterparty awareness and lowered IT budgets by emphasising the ability of its flagship Dimension product to act as an enterprise-wide risk management tool.
Schroder Investment Management UK recently finished installing Dimension as a ‘portfolio book of records’ across all of its asset classes, and Simcorp is claiming some credit for Schroders’ subsequent upgrading by ratings agency Fitch, which mentioned the managers’ newfound ability to conduct “daily surveillance of counterparty risks” in its upbeat assessment.
