SimCorp Sucks Customer Reviews and Feedback
SimCorp (Nasdaq Copenhagen: SIM) is a Danish-based company providing software and services to financial institutions such as asset managers, banks, national banks, pension funds, sovereign wealth funds and insurance companies worldwide.Their core product is the SimCorp Dimension, a front to back integrated investment management system used by more than 190 clients around the world.
A consultant for the company shared his thought "SimCorp is managed very poorly. There is no transparency and consistency about the direction where the business is going. The very basic principles of people management are neglected. No investments in development and growth of employees."
Former Employee - Program Manager says"- no feedback about performance or job done at all - not the first person who has this experience"
says"Hypocrisy, patronising, fake career progression!"
Former Employee - Anonymous Employee says"No cloud or hosting solution (and barely an aspiration). Also limited addressable market because everything on the platform REQUIRES that you use the investment accounting module. So, Software on prem ONLY + MUST use Accounting = Small target audience"
Former Employee - Busineess Development says"toxic culture and atmosphere, ego central,"
Former Employee - Marketing says"Extremely poor management and talent management. No clarity of direction and thus lack of empowerment of employees. Salary below market and no pension."
Former Employee - Anonymous Employee says"isolated from the tech. development trend"
Systems Developer says"Here are some thoughts about the office in Ukraine,Kyiv: - Company lies about exit process; It has been told that managers of the company discuss with employees all negative feedbacks and only if employees are not able to meet expectations and can’t reasonably explain why they can’t only then they will be dismissed. In reality, they fire people within couple of days as soon as they finished a big chunk of work and the company doesn’t need them much. - No foods, no stocks in Kyiv but there are in Copenhagen; There is no also any compensation for this absence. Bonuses are REALLY funny. - Regardless the trial period there are a lot of tests for a newcomer. The SimCorp Academy itself is a story. You may receive learning materials too late and a lot of information will be put to your head each day for 3 weeks. If you never saw the Dimension you will have a fun for sure. - No matter what you are hired for, you will be forced to learn the useless nightmare – language APL; the biggest part of the system has been written in APL. - I have heard about a “team lead” in Copenhagen who wanted his team members in Ukraine to work independently (make a startup?); in the same time people in Copenhagen have some meetings without Ukrainian part of the team and discuss their new features and share information. Is that called a team working? - Attitude of a Dane to a Ukrainian would be better described as relationship between Indians and the U.S. founders. It looks like the higher management encourage outscoring to Ukraine BUT simple employees in Copenhagen by all means try to show that Ukrainians are not needed and Danes actually do all the work. - It was said that those who have been promoted for some work at a client side abroad may found no opportunity at the Kyiv office when their contract abroad is over. Surprise! - There is favoritism; some people can work 4 days per week but some asked for overtime regularly. Women have some priority, maybe it is because of the war in Ukraine; local government wants to see every man in the army. - The company treats as garbage talented and passionate people letting them go or fire them. Your skills and even motivation doesn’t matter. If your manager doesn’t like you personally it means that it is only matter of time when you are on the street."
Former Employee - Anonymous Employee says"Management doesn't care YOUR career development. While they say you need to have a career plan, no internal movement is encouraged unless the requirement is from the top. They always say that the organisation is too small to justify that. Long term assignment/relocation is very directive, rather than consultative. Meaning you are forced to go anywhere they needs you to. Basically you get penalized for someone else not doing their jobs properly e.g. fail to sell to local clients."
says"but they struggle to run a global company"
Current Employee - Anonymous Employee says"work life balance tilted to work only"
Consultant (Current Employee) says"The company is managed very poorly. There is no transparency and consistency about the direction where the business is going. The very basic principles of people management are neglected. No investments in development and growth of employees."