SimCorp Dimension - Competitors and 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.

Limina IMS

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. Consequently, we won't include ourselves in the comparison, but 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.

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Potential System Landscape

Before diving into SimCorp's competitors, it’s essential to realise that not all systems are equal in scope. Some competitive offerings are like-to-like, while others might be broader or narrower in functional coverage or asset class support. Below is a visualisation of the different types of investment management systems.

Buy-side system examples, from best of breed to front to back

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.

Best SimCorp Dimension Alternatives

SimCorp Dimension is a broad platform covering workflows from the front office, through the middle office and to the back office. It’s also built to service the world’s most sophisticated (and complex) asset managers. Direct competitors in this niche are few, and we list the two largest ones here in alphabetical order.

 

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Charles-River-Logo

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 Logo 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.

 

Timeline of Investment Management System launches

Other Competitors to SimCorp

Other vendors compete in part with SimCorp, but might target smaller, often less complex, investment managers. We list some of them here in alphabetical order.

enfusion-logo 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.

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SS&C Advent: APX, Moxy, Genesis

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.

Pricing

At the end of the day, the right software is a balance between functionality, ease of use, and cost-effectiveness.

Pricing can vary dramatically between SimCorp Dimension and its competitors. Learn more in our cost reduction use case. To explore Limina price examples, visit our pricing page

 

The total cost of ownership of an investment management system - white text

 

Further reading

No solution fits all, so evaluating your options and deciding what best suits your firm's needs is crucial. We’ve done our best to list the best alternatives to SimCorp above and encourage you to search broader to find a suitable shortlist of vendors for your unique business.

For the system selection process, we’ve created a guide to choosing the best investment management solution. We also have free tools that you can use when evaluating various software. Contact us today, and we’ll provide access.

How Does Limina Compare to SimCorp?

Below is a list of the most common reasons investment managers choose Limina. Follow the links to read more about how we enable each respective business goal.

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