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SimCorp Journal guides on how to assess and mitigate vendor riskNEW YORK, Oct. 24, 2016 /PRNewswire/ -- SimCorp, a leading provider of investment management solutions and services for the global financial services industry has released a new article by Tom Secaur, Global Chief Operating Officer of Citisoft Group titled, "Systems and vendors – a joint choice." In this piece, Secaur discusses the current trends making the management and evaluation of vendor and service provider risk so critical in the investment management industry today. Secaur explains, "The investment management marketplace is being transformed by a variety of factors including globalization, product diversification, and complex regulatory measures, all of which necessitates an increased reliance on external vendors, suppliers, and service providers. The time is now for asset managers to take stock of their exposure to what is undoubtedly a vast network of third-party providers within the technology and operations ecosystem." Read the article and watch the video to learn about:
Secaur states that firms that keep in mind the longevity of their vendor relationships will take the most prudent approach to the search, selection and implementation of an enterprise software system or service. "In a perfect world, thir party providers will grow with their clients' businesses, and the relationships that are built should pay dividends for a decade or longer. Entering a new vendor relationship should never be taken lightly; it's a partnership and a marriage and should be approached accordingly." Since its launch in 2009, SimCorp's Journal of Applied IT in Investment Management has come to be recognized as a primary source of information about new ideas and trends in the industry, offering guidance as to how investment managers successfully tackle current and future challenges from an IT perspective. Recent contributors include: Alex Birkin, Partner, EMEIA Industry Leader and Global Advisory Leader, Wealth & Asset Management, EY, Paul Mawson, PwC Partner, Asset and Wealth Management and Ian Woodhouse, PwC Director, Asset and Wealth Management. To read this article and other industry thought leadership pieces featured in The Journal of Applied IT in Investment Management, please click here. Enquiries regarding this announcement should be addressed to: About SimCorp About Citisoft Logo - http://photos.prnewswire.com/prnh/20160413/354799LOGO To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/simcorp-journal-guides-on-how-to-assess-and-mitigate-vendor-risk-300349689.html SOURCE SimCorp |