BST Awards 2019: Best buy-side client reporting platform—SimCorp Coric

SimCorp wins this year’s best buy-side client reporting platform category, its second win in the last three years, thanks to its Coric offering, designed to allow investment managers to communicate efficiently with their end-investors.   

Product manager Ian Rees says one of the strengths of the Coric platform is the scalability it offers buy-side firms in terms of adding additional clients or acquired firms to the platform. He says a lot of the other client reporting systems on the market generate reports on the same server where the application is running, which means that users are always limited by the single server they are working with.

“Coric actually works across distributed servers, so that rather than having just one server managing all of your reporting processes, it actually farms off the report generation to other servers, which handle the generation of the individual reports before sending them back to the main server for the workflow and generation side of the process,” he says.  

Rees stresses the importance and flexibility of Coric’s data management capabilities, which can interface with clients’ various data sources and create models across those different sources without necessarily requiring them to transfer all of their data into a data mart or data warehouse.

Looking ahead, Rees says SimCorp is set to introduce a new digital portal for Coric in 2020, which alongside other features will provide feedback within the application so that users can understand which content is being consumed the most, and use that to feed into the client servicing process. “Another thing we are doing is focusing on usability and simplifying the application of the [client servicing] process, so that it is much cleaner and easier for users to do things, to try and take as much work out of the process as possible, and get people to the outcome that they need a lot sooner,” he says.