Case Study: PGGM automates corporate actions processing with SimCorp

PGGM boosts front-office corporate actions processing 90% with SimCorp

PGGM, a pension fund service provider, faced a highly manual and inefficient corporate actions process involving emails, spreadsheets, and multiple custodial websites. Managing over 11,000 corporate actions annually, this slow and error-prone workflow posed significant risks and burdened both front and back office staff. To address this, they implemented SimCorp's Corporate Action Manager module to automate and streamline operations.

The solution from SimCorp provided a centralized, automated platform for processing corporate actions. This enabled straight-through processing, significantly improved data quality, and offered a complete audit trail. As a result, PGGM's front office processing speed increased 3-4 times, achieving a 90% STP rate, while the back office reduced required time and effort by over 30%, allowing teams to focus on higher-value analysis and exception handling.

PGGM