Case Study: Storebrand boosts front office efficiency with SimCorp Dimension

Storebrand saves 30 minutes a day on compliance reporting with SimCorp

Storebrand Asset Management, a major Norwegian asset manager, faced challenges with a fragmented system landscape consisting of over one hundred systems, including manual Excel processes. This complexity led to operational risk, data inconsistencies, and inefficiencies. Seeking to consolidate its technology and bolster its front office capabilities, the customer turned to vendor SimCorp and its integrated platform, SimCorp Dimension.

The solution implemented involved expanding the use of SimCorp Dimension's front office tools, specifically Asset Manager, Order Manager, and Compliance Manager. This provided an integrated Investment Book of Record (IBOR) for a single data view, automated previously manual processes, and consolidated systems. Results for Storebrand included the elimination of manual errors, time savings of half an hour daily for compliance reporting, a significant reduction in operational risk, and the successful migration of entire portfolio management teams within months. SimCorp's solution provided a consolidated, efficient front office environment.

Storebrand