In the 2016 version of solidworks I had managed to create a cutting shape tool that allowed me to simulate our punching machine and also manage it in the costing module.
On the 2017 version, I can't create a shape tool that doesn't leave any material.
This can help you: http://help.solidworks.com/2017/french/SolidWorks/sldworks/t_Creating_Forming_Tools.htm?id=e1f33e450a8441eeb70c02d95ba9c603#Pg0&ProductType=&ProductName=