SimCorp, a leading provider of investment management solutions and services for the global financial services industry, has announced that Marathon Asset Management LLP (Marathon) has chosen its end-to-end client communications and reporting suite, SimCorp Coric, to improve its client communication and reporting capabilities.

Marathon, an independent London-based investment manager, with £52 billion in assets under management, identified a requirement to replace outdated legacy reporting technology with a modern, work-flow driven and scalable client communications solution. Following a comprehensive review, SimCorp Coric was selected as the optimal platform to provide timely, high-quality reports meeting current business requirements. The implementation will also include Coric’s advanced web and mobile functionality, Web Reporter, allowing the flexibility and agility to respond to investors’ future demands.

Marathon will deploy SimCorp Coric as an on-premise solution, which will be delivered in two iterations, with the project commencing in June 2016. 

The first phase will include the deployment of SimCorp Coric to fully automate Marathon’s client reporting processes, enabling efficient and cost-effective production of the firm’s bespoke client presentations and quarterly institutional client investment reports. SimCorp Coric will empower Marathon’s client services team to create and modify high-quality reports for recipients without additional investment in IT support.

In the second phase Marathon will deploy SimCorp Coric’s Web Reporter – a self-service online reporting portal that will provide a customized online user experience and further enrich Marathon’s client servicing capabilities.

Nick Hughes, Chief Operating Officer at Marathon, commented: “SimCorp Coric provides us with an automated, scalable and cost-effective platformto deliver a more efficient and enhanced level of client service. Further to the efficiencies we will derive from automation, SimCorp Coric’s Web Reporter will provide us with online client communications capabilities that will enable us to stay ahead of our clients’ reporting needs.”

Stuart Keeler, Managing Director of SimCorp Coric, said: “We are delighted that Marathon Asset Management has chosen SimCorp Coric to replace its incumbent legacy client reporting solution. Marathon’s choice to implement Coric’s Web Reporter follows a growing trend among institutional asset managers to future-proof their client serving capabilities through improvements to their online report generation tools.”