SIM SimCorp A/S

Eastspring Investments opts for SimCorp Coric as part of its digital transformation program

Eastspring Investments opts for SimCorp Coric as part of its digital transformation program

February 1, 2021

Press release

, a leading provider of integrated, front-to-back, multi-asset and services to the world’s largest buy-side institutions, today announces that Eastspring Investments, the Asian asset management business of Prudential plc, managing USD $220 billion*, has deployed SimCorp Coric to provide improved client reporting capabilities across its business**.

With initial implementation complete in three months, the asset manager is one of a series of global wins for SimCorp Coric in the Institutional investment space. It comes as heightened market conditions continue to create challenges for global asset management, not least the delivery of timely and accurate reporting and its impact on client experience, amid a newly-remote industry.

The implementation sees Eastspring deploy SimCorp Coric to automate and enable the production of high-quality, timely client reports with granular data, to respond to the changing needs of its clients. In doing so, it enables the organization to minimize the amount of coordination and manual intervention required across teams, delivering consistent data, tools and processes.

Oliver Johnson, Senior Vice President and Managing Director, SimCorp Asia-Pacific comments: “As the Asian asset management industry continues its rapid growth, the competition to win and retain clients is becoming increasingly fierce. Clients now want a greater volume of investment data and consistent reporting on-demand. Being able to deliver this is not only a core requirement, but delivers a superior client experience that can make a real difference. We are delighted to work with Eastspring Investments to support this key component in their strategic initiative and offer the business an enhanced reporting platform that distinguishes it within a competitive market.”

*AUM as at 30 June 2020

**License agreement signed in July 2019

Enquiries regarding this announcement should be addressed to:

Mittal Shah, Head of PR, SimCorp +44 (0) 207 397 8072

About SimCorp  

SimCorp provides integrated, best-in-class, multi-asset to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, central banks, sovereign wealth funds, and treasury. Deployed on premise or in the cloud, SimCorp’s core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain™, and SimCorp Sofia™ form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, based on a market-leading . SimCorp invests around 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company, with regional offices across EMEA, North America, and Asia Pacific. For more information, please visit

Notes to Editor

SimCorp Coric Key Client Metrics 

  • Annual manpower savings of $500k for a relatively small firm
  • 90%+ automation of manual reporting processes / 100% automation of fund factsheets
  • Quarterly Investment Reviews production costs down 81%
  • Customization costs cut by 95%, with no IT involvement
  • Clients have reported shorter and more cost effective reporting cycle: from 1 month to 10 days, from 20 factsheets by month-end to 200 factsheets by day 10.
  • Increase in client/report volumes has no impact on manpower or infrastructure costs.



EN
01/02/2021

Underlying

SIMSimCorp A/S

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on SimCorp A/S

Free Trial
SIM SIMCORP A/S

SimCorp: 1 director

A director at SimCorp sold 2,800 shares at 506.380DKK and the significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing...

02/10/23 February 10, 2023 1 EN
Jesper Billeskov
  • Jesper Billeskov
SIM SIMCORP A/S

SimCorp - The advantages of multiple revenue sources

Existing clients drive beat on all lines in Q4 Short-term investments weigh on ’22 EBIT guidance Skewing ests. towards existing clients: BUY, TP DKK 760

02/15/22 February 15, 2022 1 EN
Jesper Billeskov
  • Jesper Billeskov
SIM SIMCORP A/S

SimCorp - Strong Q4, investments weigh on ’22 EBIT

Revenue and EBIT beats cons by 7% and 9% Decent ’22 growth guidance, but soft EBIT guidance ’22 short-term investments, positive reaction warranted

02/15/22 February 15, 2022 1 EN
Jesper Billeskov
  • Jesper Billeskov
SIM SIMCORP A/S

SimCorp - ’21e guidance to be met, resilience into ‘22e

We look for Q4 rev. of EUR 153.1m, EBIT EUR 50.9m Stability from multiple rev. streams – 7.7% ‘22e growth Attractive entry level: BUY (Hold), TP DKK 760 (780)

02/03/22 February 3, 2022 1 EN
Free Trial
SIM SIMCORP A/S

SIMCORP sees a downgrade to Negative on account of less fundamental st...

The independent financial analyst theScreener just lowered the general evaluation of SIMCORP (DK), active in the Software industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Negative. As of the analysis date January 11, 2022, the closing price was DKK 681.20 and its target price was estima...

01/12/22 January 12, 2022 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch