SimCorp Dimension - Competitors and Alternatives
Best SimCorp Dimension Alternatives
In this article, we highlight some competitors and alternatives to SimCorp Dimension to assist investment managers like you who are in the consideration stage of their research journey.
Note: All vendor information below is based on online, publicly available information as of 2024-01-05. Sources include company websites, review sites (G2, Gartner, TrustRadius and Capterra) and industry publications.
- Limina
- CRD
- Aladdin
- Enfusion
- SS&C
Limina Investment Management Software
The team at Limina, as former investment managers, understands the challenges of selecting a system. While we offer powerful investment management software, we believe in providing an unbiased overview.
We encourage you to explore Limina’s solutions as a viable choice based on your unique requirements. We’ve tried to make it easy for you to confirm whether Limina is a match for you or if Limina might not be your best choice.
Charles River Development (part of State Street)
Charles River Development's Investment Management Solution (IMS) is a robust platform enabling firms to optimise a large part of their investment processes. It has a broad functional set, including order and execution management and compliance monitoring.
Charles River services mostly large asset managers but also mid-sized managers. Online reviews mark it down on implementation, while the scalability and flexibility of the solution are strong points.
BlackRock Aladdin
BlackRock Aladdin is a comprehensive investment management platform that provides end-to-end investment management solutions. It offers advanced portfolio risk analytics, performance measurement, trading capabilities, and more.
Aladdin's sophisticated suite of tools caters to the needs of the world’s largest institutional investors, including BlackRock itself.
Enfusion
Enfusion's front-to-back-office software offers a unified platform primarily for hedge funds. The solution includes accounting, order management, compliance monitoring, and performance tools.
Enfusion aims to simplify complex workflows and enhance operational efficiency for hedge funds. The solution is multi-tenant, and users get weekly system updates.
SS&C Advent: APX, Moxy, Genesis & Geneva
SS&C Advent has a set of solutions, for example:
- APX for portfolio administration and CRM capabilities
- Moxy for order management capabilities
- Genesis for portfolio management capabilities
- Rules Builder for pre- and post-trade compliance controls
- Geneva for portfolio accounting
The solutions integrate to enable end-to-end workflows.
Which type of system do you need?
SimCorp Dimension is a broad platform covering workflows from the front office, through the middle office and to the back office. However, functional coverage is not everything when evaluating competitors and alternatives to SimCorp.
SimCorp is built to service the world’s most sophisticated and largest asset managers. The downside is that the system is complex and hard to understand. That is also true for:
- Charles River
- BlackRock Aladdin
Some vendors are front-to-back systems as well, but lack the sophisticated level of SimCorp. Examples include:
- Enfusion
- SS&C Advent and Eze
The holy grail is a system that is simple to understand and use - while at the same time sophisticated enough for your needs. No workarounds should be needed. Examples:
Switch from SimCorp
Changing systems can be perceived as risky and take quarters if not years. We help you reduce switching risks and time.
Genesis moved to Limina a achieved the benefits of a cloud-native environment:
- Lower IT costs
- Simpler BCP processes
- More efficient operations
By adopting Limina's scalable platform, Avanza has launched 33% additional funds without having to scale its investment operations team. They achieved:
- Decreased dependency on single individuals - by replacing spreadsheets
- Improved operational efficiency - by increased automation
