SimCorp has partnered with Domos FS to integrate the Domos General Partner SaaS solution into SimCorp’s investment management offering, across private and public markets.
As part of the collaboration, SimCorp will also take an initial minority stake in Domos FS.
The combination of alternative investment innovations, built by SimCorp for limited partners and by Domos for general partners and fund administrators, delivers a new solution for clients that will enable them to better scale their business operations.
The partnership has been created in response to the increased use of alternatives in recent years by a wide range of asset managers and asset owners, and the operational challenges this has presented for existing and new investors in these asset classes, says SimCorp.
The new offering includes machine learning assisted document processing, cash flow forecasting, daily exposure calculation, investor portal, standardised partnership accounting and automated regulatory reporting.
SimCorp adds it has seen a clear need from asset managers and service providers that better integration and a smoother implementation journey, combined with a need for higher automation, has all been accelerated by the COVID-19 pandemic.
Commenting on the partnership, Christian Kromann, CEO of SimCorp, comments: “We believe that servicing clients efficiently means relying on and investing in state-of-the-art technology solutions, and our business model is designed to ensure we can offer this through our partner ecosystem. We are excited to join forces with Domos to provide the only truly cross asset front-to-back investment management offering on the market.”
Arnaud Vinciguerra, CEO of Domos FS, comments: “This partnership presents a fantastic opportunity to accelerate our market footprint through a strong collaboration where we have seen great technology, products and not least, a seamless cultural fit.”
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