SaaS technology providers integrate to provide STP from Fund Investment documents into AI Manager
LONDON, UK – JANUARY 06TH, 2022 – Accelex and SimCorp have agreed a partnership that combines market leading technology solutions to benefit alternative investors globally. The partnership – with joint clients already in North America and Europe – is a response to the increasing demand for greater transparency into investment performance.
Complex PDF documents, carrying fund and underlying asset data, typically require resource intensive, manual processing before entry into SimCorp. Accelex’ market leading solution leverages data science to automate the extraction of critical financial information from these alternative investment documents and will seamlessly deliver performance and accounting data into SimCorp offering deeper investment insights.
Hugues Chabanis, vice president, Innovation at SimCorp shares his view on the newly established partnership; “As we continue the disruption, started by SimCorp years ago, to improve STP on alternatives, the partnership with Accelex answers the growing demand from joint clients of SimCorp and Accelex who are looking for more standard integration between the two systems. It complements and augments SimCorp’s current offering by extending the scope of documents available while providing choice”.
“The collaboration between our firms makes so much sense. Sophisticated alternative investors are striving to rid their firms of labour intensive, manual processes and focus their time on making a difference to the investment process itself”, said Michael Aldridge, president at Accelex. “Being able to effectively digitise the workflow from unstructured documents into SimCorp give our clients huge advantages in operational efficiency as well as a better understanding of the drivers of investment performance”.
Accelex provides data acquisition, analytics and reporting solutions for investors and asset servicers enabling firms to access the full potential of critical investment performance and transactional data. Powered by proprietary artificial intelligence and machine learning techniques, Accelex automates process for the extraction, analysis and sharing of difficult-to-access unstructured data. Founded by senior alternative investment executives, former BCG partners and successful fintech entrepreneurs, Accelex is headquartered in London with offices in Luxembourg, Paris, New York and Toronto.
SimCorp provides integrated, best-in-class, multi-asset investment management solutions to the world’s leading asset managers, fund managers, asset servicers, pension and insurance funds, wealth managers, central banks, sovereign wealth funds, and treasury. Deployed on premise or in the cloud, SimCorp’s core solution, SimCorp Dimension®, alongside SimCorp Coric®, SimCorp Gain™, and SimCorp Sofia™ form a powerful and complete solution. Together with a range of managed services, they support the entire investment life cycle, based on a market-leading IBOR. SimCorp invests around 20% of its annual revenue in R&D, helping clients develop their business and stay ahead of ever-changing industry demands. Listed on Nasdaq Copenhagen, SimCorp is a global company, with regional offices across Europe, North America, and Asia Pacific.