Sofina goes live on SimCorp Dimension 03 September 2019Brussels Reporter: Jenna Lomax
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Sofina has replaced its legacy infrastructure with SimCorp’s integrated investment platform, across its back-office operations to manage accounting for both equity and alternative investments.
Since the implementation of SimCorp Dimension, Sofina has said it has already seen a significant decrease in the time taken to input the portfolio accounting operations.
Hans Otto Engkilde, managing director and senior vice president, Northern Europe and the Middle East at SimCorp UK, said: “By moving to SimCorp Dimension, Sofina has taken that first important step to consolidate its accounting operations, eliminating manual workarounds to focus more on its investment decisions. This automation, together with a strong, scalable solution that supports growth, provides a compelling, competitive advantage.”
Jean-François Lambert, head of operations at Sofina, commented: “SimCorp Dimension’s broad and established back-office solution will deliver us a strong foundation to achieve our future investment goals.”
He added: “With SimCorp’s advanced accounting analytics and rich functionality, we gain more-informed investment decisions as well as greater operational efficiency. The combination of SimCorp’s strategic outlook and our own long-term view makes us confident we can fulfil our ambitions for growth.”
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