ING Investment Management, InvestTech, FRONT and SimCorp provide guidance on investment management system selection

SimCorp A/S 

22.05.2012 15:00
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New SimCorp paper outlines 10 steps for successful IT selection to support
investment management goals. 

SimCorp, a leading provider of investment management software and services for
the global financial services industry, released a new paper today, titled, 'IT
System Selection: Choosing the Right Solution to Meet Investment Management
Goals.' 

Published in the Journal of Applied IT and Investment Management, the paper
features commentary from: Dirk Buggenhout, COO of ING Investment Management; 
Sam Dezillie, Partner at FRONT; Jeremy Hurwitz, Principal and Founder of
InvestTech Systems Consulting and Hans Otto Engkilde, Vice President,
Implementation and Account Management, SimCorp Benelux. 

Jeremy Hurwitz, Principal and Founder of InvestTech Systems Consulting, notes,
'It is critical that buy-side firms migrate away from a reactive, IT-driven
systems selection process to a strategic business-driven approach that
considers the long-term impact on the firm's future stated goals and drivers.' 

The paper outlines 10 practical steps for a successful IT selection process.
Among the steps are: 

  1. Establish an IT-business partnership model and roadmap based on upfront
     consensus.
  2. Understand the company's short and long-term strategic goals.
  3. Develop a wide range of pre-defined business cases.
  4. Establish a steering committee with involvement of relevant stakeholders to
     ensure buy-in based on a continuous review process.
  5. Define the architectural fit of requested functionality at the beginning of
     the selection process.
  6. Foster an organizational culture open to change.

David Kubersky, Managing Director of SimCorp North America, comments, 'We find
that when there is alignment between IT and business goals, technology can
transform an investment management enterprise. At SimCorp, we make it a point
to ensure we understand our clients' business goals, from expanding product
lines to reaching new international markets. This understanding is critical in
helping our clients leverage technology as a powerful enabler for change and
innovation.' 

To review the full paper, please visit:
http://www.simcorp.com/Home/Journal/Vol-4-No-1---Table-of-contents/IT-system-sel
ection-process.aspx. 

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Enquiries regarding this announcement should be addressed to:
Susan Peter, SimCorp North America (+ 1 917 546 4654).

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About SimCorp:
Since 1971, SimCorp has been providing investment and portfolio management
software and services to the world's leading investment managers, asset
managers, fund managers, fund administrators, pension funds, insurance funds
and wealth managers. SimCorp's world-class software provides global financial
organisations with the tools they need to mitigate risk, reduce cost and enable
growth. SimCorp is a global company, regionally covering all of Europe, North
America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is
dedicated to supporting the global investment management industry, its clients
and its investors. For more information about SimCorp's products, please visit
www.simcorp.com/product.
News Source: NASDAQ OMX



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Language:     English
Company:      SimCorp A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0016026164
WKN:          
 
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