Main news of the S81 release

Sofia S81 was released to all customers of SimCorp Italiana. It contains the following new functionalities.

TOOLBOX

Formula Fields

Sofia’s user tools have been enhanced with the introduction of Formula Fields, available on all screens that support field selection.
This new feature enables users to create calculated fields using the main mathematical, statistical, logical, and text-handling formulas. Formula fields can be saved within views and used in export macros, making the results available in the desired output format.
For further information: sofia.info@simcorp.com

PROCESS AUTOMATION

Data Quality Real Time

The Data Quality module has been enhanced with new features to make anomaly management and monitoring even more effective.
The new features make it possible to assign priorities to controls and, for the Real Time version, define more flexible dossier-management methods. For each control, users can determine whether detected anomalies should generate a dossier and, where necessary, allow users to close it.
Real-Time controls can now also use two different parameter sets, enabling continuous anomaly management with constantly updated checks and results, without batch procedures.
For further information: sofia.dataquality@simcorp.com

Accounting Processes

Development continues on tools for managing the accounting closing process. “Real-Time G/L”, “Fast Close” and “Multiclosing” form a suite of modules that supports the orchestration and acceleration of period-end accounting processes.
The solution has been enhanced with new closing-review features that support the management of transactions, prices, and exchange rates made available after closing. In particular, the new Review feature allows late-created transactions to be incorporated into the most recently completed closing, with the consequent recalculation of holdings and update of closing transactions.
For further information: sofia.info@simcorp.com

COMPLIANCE

QRT

The Solvency II – QRT module has been updated to incorporate EIOPA Taxonomy 2.10, applicable to reporting from 31 March 2027. The main changes concern revisions to the completion rules for certain fields and the removal of other fields in QRTs S.08.01, S.06.02, and S.06.04.
For further information: sofia.solvency@simcorp.com

RISK MANAGEMENT

SCR

The SCR module has been updated to incorporate the changes introduced by European Commission Delegated Regulation 2026/26/9, affecting the calculation of SCR Market in both the Positions environment and the ALM module.
The main changes include the automatic use of stressed EIOPA curves, reduced stress for equities included in legislative programs, revised spread-risk classes and factors for securitizations, and new criteria for determining CQS for concentration risk.
For further information: sofia.risk-alm@simcorp.com