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Dutch Pension Fund Service Provider PGGM Centralises Data with SimCorp Data Warehouse

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PGGM Vermogensbeheer, the second largest pension fund service provider in the Netherlands managing close to €200 billion worth of pension assets and operating as a cooperative with 686,000 members, has selected Simcorp’s data warehouse to centralise data for reporting and analytics. The co-operative first worked with SimCorp in 2006, when it implemented SimCorp Dimension for back-office accounting and settlements. It expects implementation of the company’s data warehouse to take nine months to a year.

PGGM will use the data warehouse to provide near-real time information on performance, analytics and benchmarks. Working with an existing reporting application from another vendor, the data warehouse will also support a move from a largely manual client and regulatory reporting process to an automated process including the ability to generate historical reports.

Marc van den Berg, chief operating officer at PGGM, explains: “SimCorp’s data warehouse solution serves as a central repository for all reporting and analytics data. The fact that we can source data directly from SimCorp Dimension as well as from other sources will enable us to further simplify the reporting process and increase accuracy and timeliness in reporting to stakeholders and regulators.”

Hans Otto Engkilde, managing director at SimCorp Benelux, says PGGM is similar to a number of the company’s local customers that initially implement SimCorp Dimension in the back-office and later move on to implement other elements of the company’s investment management suite. In terms of the SimCorp data warehouse, he says: “Our recent data warehouse successes with PGGM and other customers are a testament to the strength of our solution and its ability to streamline reporting, provide overview and, essentially, improve performance and reduce cost and risk.”

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