Eaton Vance Management has chosen SimCorp Coric to provide a client reporting and communications platform for global operations.
The agreement, signed in December, covers Eaton Vance Management and its majority-owned affiliates, including its Parametric and Atlanta Capital Investment Managers.
SimCorp will automate client communications, including quarterly reporting, statements and fund fact sheets, leading to shorter reporting cycles, reduced manual processes and greater operational efficiency.
It is also hoped that the mandate will free up the Eaton Vance client relationship team to focus on client engagement, thereby improving client relationships.
John Shea, chief information officer at Eaton Vance, said: “SimCorp’s infrastructure, financial stability, global reach, and business-user focus provided an ideal fit with our business growth and risk mitigation goals. This initiative was driven not only by the operational efficiencies that SimCorp Coric will bring, but also by our passion to enrich the quality and timeliness of the service we provide to our clients.”
“Throughout the selection process, we received positive recommendations from existing SimCorp Coric clients, who spoke often of the operational efficiency the solution provides. This enables client relationship managers to spend more time engaging with clients to satisfy their individual investment goals.”
Mike Hendy, SimCorp Coric vice president for North America, added: “SimCorp’s acquisition of the Coric solution has proved to be extremely successful, culminating in this exciting new agreement with Eaton Vance.”
“This solution has long been the market-leading client reporting and communications platform, and now benefits from SimCorp’s global presence and capability. We are excited about working with Eaton Vance and continuing our growth trajectory going forward.”
