Main news of the S80 release

Sofia S80 was released to all customers of SimCorp Italiana. It contains the following new functionalities.

PROCESS AUTOMATION

Data Quality Real Time: Replica checks

The “Data Quality Real Time” module has been further enhanced with new functionalities supporting real-time checks also on Replicas.

These new features make it possible to define families of portfolios belonging to the same replica structure and to set up Data Quality checks on the reconciliation of values across the different portfolio levels.

The “Data Quality Real Time” module enables continuous monitoring and resolution of anomalies, making Data Quality an even more effective and timely tool to support management and accounting processes. Real-time checks provide up-to-date detections and results without the need for batch procedures.

For those who already have the “Data Quality” module active in their configuration, it is possible to transition from the current setup based on daily batches to the real-time solution through a specific configuration activity carried out by SimCorp.

For further information: sofia.dataquality@simcorp.com

Accounting processes

Developments of the tools for governing the accounting closing process continue: “Real-Time G/L”, “Fast Close” and “Multiclosing” make up the suite of modules supporting the orchestration and acceleration of period-end accounting processes.

In particular, the “Fast Close” and “Multiclosing” modules have been enhanced with functionalities designed to support the specific features of Italian tax portfolios.

For further information: sofia.info@simcorp.com

FINANCIAL INSTRUMENTS

Hedge Accounting

The Sofia feature that allows the simulation of the effects of accounting closings has been integrated with the Hedge Accounting module, which enables the linking of derivative positions to the underlying financial instruments being hedged and the representation of the specific accounting effects of these relationships under each GAAP.

For further information: sofia.derivati@simcorp.com

SUSTAINABILITY

Coverage calculation for direct and indirect investments

The Coverage calculation performed through the Sustainability Solution module has been enhanced with the ability to manage scenarios where the determination of one indicator depends on the value of another indicator.

It is now possible to specify that the Coverage and Eligibility percentages of a given indicator mirror those of another indicator, allowing, for example, the definition that emissions coverage is always aligned with the corresponding footprint coverage.

For further information: sofia.esg@simcorp.com