German financial services provider Wüstenrot & Württembergische AG (W & W) has selected SimCorp Dimension to manage its investments and bring its reporting to IFRS/IAS standards. W & W aims to consolidate the investment management of its individual group companies to include company-wide parallel bookkeeping and back office reporting with support from Dimension’s IAS39 functionality. Dimension will be a single system replacement for a number of investment management applications currently used in different parts of the group. Although the initial implementation will be geared to back-office processes, further group-wide deployment of SimCorp Dimension functionality is planned, which will benefit the front and middle office, particularly in the areas of risk management and compliance, according to SimCorp.
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