AT A GLANCE
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Client Profile
US Asset Manager
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AUM
$350bn
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Core Service
Migrate data from multiple systems into a consolidated SimCorp One solution
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Key Outcome
Streamlined transformation based on data accuracy
Complex Migration Challenge
This case study details a Complex Migration Challenge faced by a Large Asset Manager in the US, who sought to consolidate multiple disparate legacy systems onto SimCorp.
The core problem was a severe lack of data governance, which resulted in significant data inconsistencies across systems. Different users had manually entered data, creating discrepant data sets that should have been identical.
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Furthermore, there were significant accounting breaks in values and General Ledger (GL) entries between SimCorp's calculations and the legacy system's data, all of which had to be fully resolved and verified before the final cut-over.
Seamless Migration Success
Dimensional Community implemented a Comprehensive Migration Solution using specialized tools and templates that streamlined the entire data transformation process.
The solution included rigorous data cleansing, transformation, and verification across all critical areas, including performance records, accounting values, and GL entries.
A key success factor was achieving an 85% automation rate in break detection, which was crucial for managing the high volume of data.
The project culminated in the successful migration of 400,000 tax-lot positions across 2,000+ portfolios from three different legacy systems in a single long weekend, ensuring a seamless transition with minimal operational disruption and guaranteeing data accuracy and consistency.