The award was presented to AIM Software* at the Data Management Awards luncheon, held on December 7 at Merchant Taylors’ Hall in London. The annual awards, now in their sixth year, are designed to recognise leading providers of data management solutions, services and consultancy to capital markets participants.
AIM Software’s winning product – GAIN Corporate Actions – empowers buy-side firms to prioritise and stay in control of their corporate actions data while maximising automation levels. This purpose-built application automates the labour-intensive and error-prone handling of incoming corporate events, while providing a structured business view of complex corporate actions announcements, facilitating validation and reconciliation.
Institutions using GAIN Corporate Actions benefit from straight-through-processing (STP) rates of up to 90% for high volume events, while intuitive workflows allow corporate actions specialists to prioritise the management of more complex and risk-sensitive tasks.
Johannes Kollross, Head of Product Management at AIM Software, said: “AIM Software is unique in offering productised business applications that meet the data management needs of the buy-side. Each of these business applications is designed to enable our customers’ key business drivers of maximising efficiency and agility, while reducing costs and ensuring compliance. We are delighted to receive this recognition for GAIN Corporate Actions, which addresses the need for maximum automation levels and high quality data. Working closely with our user community, we continue to develop the product’s functionality to ensure that it remains at the forefront of emerging industry requirements.”
*As of August 1, 2019, SimCorp acquired AIM Software. The GAIN platform is now SimCorp Gain.