SimCorp releases latest version of Dimension
Investment management software and services supplier SimCorp has published the latest version (5.3) of its Dimension solution.
Key additions in the latest upgrade include: reverse stress testing providing increased risk management; in collateral management, collateral substitution, which enables better forecasting and improved control; and in compliance functionality, multiple hierarchies allowing for separation of compliance information.
SimCorp said the stress testing would help users improve their risk management and regulatory compliance activities.
Dimension 5.3 also delivers new modules in areas such as process optimisation and further automation of manual processes. And it allows users to set up more different layers of authorisation.
SimCorp CEO Klaus Holse said: “SimCorp Dimension version 5.3 brings increased value to our clients. Among many new features, this latest version includes comprehensive usability improvements as well as updated regulatory compliance capabilities. Unrivalled by our competitors, SimCorp continues to invest more than 22% of annual revenue in a single product, SimCorp Dimension. This demonstrates our continued commitment to providing our clients the solutions needed to generate alpha and outperform their competitors.”
The next version of SimCorp Dimension will be released in August 2013.