Efficient Client Reporting Leads to a Win-Win Situation
Introducing a concrete project
Client reporting is essential if investors are to assess the efficiency and profitability of their investments. Ideally, greater knowledge of, and insights regarding, investments can ultimately lead to higher returns. This is why automated – and hence precise – client reporting is playing an increasingly central role in asset management. Since the sector still produces manual reports in many cases, the challenge is to automate and hence optimize this area. This leads to a classic win-win situation: automated reporting improves efficiency at our asset management clients while enhancing satisfaction at their clients.
Introducing a concrete project
In the case in hand, our client is one of Germany’s largest asset management companies with > €300 billion in assets under management. It is active in the areas of fund management for institutional investors and retail funds. Total revenues generated by our client in 2020 were > €125 billion.
A solution based on consistent data
Our client uses SimCorp Dimension as an end-to-end solution in its front, middle and back offices. This is a core application and is vital to our client’s day-to-day work. A large number of other applications and tools are supplied with data by, and have interfaces to, SimCorp Dimension.
The inventory and transaction data generated from SimCorp Dimension data serves as a key source of data for client reporting. Preyer’s consultants – who specialize in SimCorp Dimension data structures and data management – are involved in defining database queries and downstream data processing to meet the business requirements. Thanks to their previous experience with projects for this client, our consultants were highly familiar with the IT infrastructure, the client’s customized SimCorp Dimension (SCD) configuration and the related release processes.
It quickly became clear as the project progressed that one major challenge would be to ensure the consistency of the data maintained in the various systems supplying the data (inventory data management, key accounting ratios, key risk ratios, etc.). Other challenges that emerged as the project went on related to additional business requirements. For example, a fund review and a benchmark scaling process were both implemented in the course of the project.
Preyer builds bridges between systems
By partnering with our client, we provided them with the necessary support and expertise that they needed to meet their challenges.
Preyer is helping the business unit to prepare a requirements catalog that will facilitate effective communication between the end-user department and the IT department. This is made possible by our high level of business and technical expertise, and our in-depth knowledge of the various SAP and SCD systems involved. This is another example of our ability to build bridges in keeping with our motto, “Connecting Business with IT.”
Once the requirements for the new client reporting process had been defined, the necessary data streams were analyzed. This was followed by an evaluation of the best ways to link the heterogeneously structured data.
In addition, we assisted, and shared our expertise with, the SAP developers, ensuring that the SCD data structures and data organization were understood by everyone. An in-depth discussion of how to implement the business requirements that had been defined also took place between everyone involved in the project, both inside the company and at the other organizations involved. Once implemented, the interfaces were tested extensively so as to ensure that the data could be transferred correctly.
At the end of the project, our client was provided with a solution enabling it to generate competitive, fully automatic client reports.
Please contact Dr. Markus Fucik, our client reporting expert, if you have any further questions about this.
