Software program-as-a-service firm SimCorp and due diligence software program supplier Diligend have partnered to assist shoppers additional digitise their operations.
Via the collaboration, shoppers’ due diligence duties will change into an operational course of that may assist them to determine and handle dangers, each earlier than and after making an allocation.
SimCorp’s funding administration platform, SimCorp Dimension, will host Diligend’s options.
Diligent Acquire provides due diligence and ESG metric aggregation companies to asset homeowners and allocators, whereas Diligend Reply helps asset managers to answer due diligence requests.
Commenting on the partnership, Hugues Chabanis, head of strategic initiatives at SimCorp, feedback: “We’ve spent many years streamlining and digitalising enterprise workflows for our shoppers. Over the previous yr of working with Dilligend and our joint shoppers, we’ve got already recognized quite a few synergies that complement our varied private and non-private market options.
“Finally, the robust pairing of SimCorp’s and Diligend’s experience areas will allow our shoppers to rely much less and fewer on guide work for his or her information administration operations, and focus extra on their core value-adding duties: utilising and leveraging information insights.”
Wissen Souissi, CEO and founding father of Diligend, provides: “SimCorp is the perfect accomplice for us with their different investments answer extensively used at most of the largest world monetary establishments. Working collectively, SimCorp and Diligend can ship a tailor-made expertise for joint shoppers to benefit from rising alternatives and determine and handle dangers effectively all through.”