Headquartered In Kansas City, Missouri, American Century Investments Replaced Its Legacy Accounting Platform With SimCorp Dimension To Support Expansion Of The Firm's Institutional And International Business.

SimCorp, a leading provider of investment management software and services for the global financial services industry, today released an in-depth video describing the benefits American Century Investments has realized since the firm went live on SimCorp Dimension two years ago.

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Headquartered in Kansas City, Missouri, American Century Investments replaced its legacy accounting platform with SimCorp Dimension to support expansion of the firm’s institutional and international business. “After two years in production, the investment operations team has greatly benefited from the operational efficiency SimCorp offers,” notes Merele May, Senior Vice President, Investment Operations at American Century Investments. “However, the real winners are our portfolio managers who are confident they have a system in the back-office that will support any new client or product they bring to the table.”

American Century Investments has realized numerous benefits from implementing SimCorp Dimension, including:
  • Support of firm’s investment strategy, which has resulted in growth of assets under management from $88 to $118 billion
  • Reduction in time to market for new securities
  • Ability to manage 286 portfolios with a lean team of five accountants and a manager
  • Centralization of position-keeping provides a single authoritative source of data for accurate positions, cash projections, performance calculations and reporting

“Firms like American Century Investments are true innovators in the use of technology to fuel growth and inspire investor confidence,” comments David Kubersky, Managing Director of SimCorp North America. “This asset manager did not wait for something to ‘break’ before deciding to examine the very infrastructure that supports the firm’s solvency. By creating a central repository of critical financial data, American Century Investments is in the enviable position to respond expediently to any change in the market.”

American Century Investments consolidates all position data in SimCorp Dimension and uses the platform’s integrated functionality for portfolio accounting, performance measurement and client reporting.

To download full video, please visit: http://www.simcorp.com/Clients/Client-stories/American-Century-Investments.

About SimCorp

Since 1971, SimCorp has been providing investment and portfolio management software and services to the world’s leading investment managers, asset managers, fund managers, fund administrators, pension funds, insurance funds and wealth managers. SimCorp’s world-class software provides global financial organisations with the tools they need to mitigate risk, reduce cost and enable growth. SimCorp is a global company, regionally covering all of Europe, North America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is dedicated to supporting the global investment management industry, its clients and its investors.

About American Century Investments

American Century Investments is a leading privately controlled and independent asset management firm, committed to delivering superior investment performance and building long-term client relationships. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts. The company's 1,300 employees serve clients from offices in New York; London; Hong Kong; Mountain View, Calif. and Kansas City, Mo. James E. Stowers Jr. founded the company in 1958 and serves on its board of directors. Jonathan S. Thomas is president and chief executive officer and Enrique Chang is chief investment officer. Through its ownership structure, more than 40 percent of American Century Investments' profits support research to help find cures for genetically-based diseases including cancer, diabetes and dementia.

For more information, visit www.americancentury.com.

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Copyright Business Wire 2010

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