Project Description

Automation in Corporate Actions Processing at Top 3 Asset Manager in the Netherlands

The asset management firm was looking for a solution to reduce the highly manual and error-prone processing of corporate actions, to increase the data quality, and to leverage the investment in the recently implemented SimCorp Dimension platform.

The client is a Dutch asset management firm that was looking for a solution to reduce the error-prone processing of corporate actions, increase the data quality, and leverage their investment in the recently implemented SimCorp Dimension.

After a comprehensive selection involving all major Corporate Actions processing vendors, including the incumbent EDM vendor, the asset manager selected AIM Software’s GAIN Corporate Actions because it is a purpose-built business application that can be implemented more quickly and with less risk and lower costs. The strong integration and partnership with SimCorp Dimension was also a primary factor.

“GAIN allows us to have a full end-to-end solution for processing corporate actions, while also fully benefiting from the integration with other SimCorp modules.”

Head of Accounting & Operations at Top 3 Asset Manager in the Netherlands

”GAIN is fully integrated with SimCorp. This allows us to have a full end-to-end solution for processing corporate actions, while also fully benefiting from the integration with other SimCorp modules. This reduces our operational risk significantly, whilst also improving our efficiency; this enables our specialist staff to spend more time on the more complex corporate actions“, said the Head of Accounting & Operations at the asset manager.

80–90% automation on high volume events after a 3-month project

The project was implemented within less than 3 months and now processes the initial set of corporate actions events with more than 20 integrated custodians. AIM Software’s solution allows for nearly 90% straight-through processing of their high volume events.

This illustrates another time the value of our packaged business applications, which enables projects to be implemented with an accelerated return on investment, while lowering the overall costs of operation. Asset managers can leverage their investment in portfolio management systems by extending them with a discrete business application such as GAIN Corporate Actions DM. GAIN complements SimCorp Dimension, allowing firms to benefit from further modules, reducing the costs of integration and the overall operational risk.

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