Case Study: Northern Trust achieves faster, more personalized client reporting with SimCorp Coric

Northern Trust accelerates client reporting in 9 months with SimCorp

Northern Trust, a major global financial institution, faced a challenge with its client communications reporting tools, which were not purpose-built for investment management and required heavy reliance on technical staff. To enhance personalization, accelerate production, and improve response times for its investment operations outsourcing clients, Northern Trust sought a business user-friendly solution and engaged vendor SimCorp to implement its SimCorp Coric platform.

By implementing SimCorp Coric, Northern Trust empowered its business users to control report design and production with less IT dependency. The solution from SimCorp delivered higher quality, more personalized reports, reduced manual processes and operational risk, and enabled faster delivery times. This led to significant operational cost savings, with Northern Trust noting the ability to support new clients using fewer resources.

Northern Trust