BIMCOR Chooses RIMES to Boost Data Quality and Reduce Cost

Canadian pension fund BIMCOR chooses the RIMES Benchmark Data Service® to boost data timeliness, quality, and reduce costs

BIMCOR, one of Canada’s largest pension funds with assets of over $20 billon, is working with RIMES, the leading provider of managed data services for the buy-side. BIMCOR reports a notable improvement in data quality and reduction in costs associated with data management following the implementation of RIMES’ Benchmark Data Service.

RIMES was selected by BIMCOR in 2013, following a competitive tender process. BIMCOR chose to work with RIMES because of its unmatched ability to combine data, technology and expertise.

Working with RIMES, BIMCOR is able to extend the benefits of high quality index and benchmark evaluation to directly improve client satisfaction. After an implementation of less than 6 months, RIMES has delivered improvements which have highly increased BIMCOR’s client SLA compliance levels.

RIMES supplies data to BIMCOR that is fully tailored to its existing systems, enabling teams to use it in a range of applications, including portfolio performance measurement, attribution and risk. 100 percent of the data supplied by RIMES has been delivered on time, fit-for-purpose and accurate. As a result, company confidence in the quality, accuracy and reliability of data has significantly increased, leading to an improvement in communications across the team.

Pierre Marin, Vice President, Information Technology, BIMCOR, said, “As our data management needs grew in both volume and complexity, we sought a partner that could maintain our high expectations around quality, timeliness and cost. Working with RIMES has enabled our data users to focus on our business, free from the burden of conducting data management and quality assurance tasks. RIMES helps us to make business decisions quicker and easier, which has brought us measureable business gain.”

Alessandro Ferrari, SVP Global Marketing, RIMES, said, “Every implementation that we do is bespoke and we are delighted to meet BIMCOR’s needs with a service to their exact specification. We take a consultative approach that goes beyond serving data – we offer advice to optimize and improve data management systems for the long term benefit of the business. BIMCOR takes an innovative approach to data management that we are proud to support.”