BAD HOMBURG, Germany, March 13 /PRNewswire/ -- Deutsche Postbank International S.A. (PBI), located in Luxembourg, has
migrated to the fund accounting of SimCorp Dimension in seven months. Special
attention was paid to the regulatory specifics of Luxembourg during the
implementation. Postbank Luxembourg has been using SimCorp Dimension since
2001.
To secure fast project progress, KAG Best Practice, a special
starter package of SimCorp Dimension for the implementation within fund
management companies was used. PBI's existing system could therefore be
discontinued at the end of February 2008.
"KAG Best Practice has helped us implement SimCorp Dimension
in time and on budget," stresses Jochen Begas, managing director of PBI.
"Thanks to its flexibility we have been able to quickly adapt the software to
the local requirements in Luxembourg."
"We are delighted about the joint project success," explains
Dr. Jochen Müller, managing director of SimCorp in Germany. "The short
project duration at PBI demonstrates that SimCorp Dimension suits very well
for implementation at mid-sized fund managers."
Postbank Luxemburg
With a balance sheet total of EUR 194bn the Postbank Group is
one of the large German financial institutions. Deutsche Postbank
International S.A. (PBI) is located in Luxembourg and is a
one-hundred-percent subsidiary of Deutsche Postbank AG that also operates a
fund management company at the same location. The balance sheet total of PBI
amounts to EUR 18bn, the assets of the company's fund manager to EUR 2bn.
SimCorp
SimCorp is a leading provider of highly specialised software
and financial know-how for the financial sector. SimCorp has approximately
900 employees and is listed on OMX Nordic Exchange Copenhagen A/S. For more
than 35 years, SimCorp has developed its product in close collaboration with
a number of international financial institutions. The SimCorp system, SimCorp
Dimension, is sold, implemented and supported from the head office in
Copenhagen and subsidiaries in Amsterdam, Brussels, Frankfurt, Hong Kong,
Kiev, London, New York, Oslo, Singapore, Stockholm, Sydney, Vienna and
Zurich.
Enquiries regarding this announcement should be addressed to:
Oliver Widmann,
Marketing Manager,
SimCorp GmbH,
+49(0)61-72-92-40-0 (535)
SimCorp GmbH
