Advent Software is to integrate Netik's Web-based investment data hub InterView v.7 with its portfolio accounting system Geneva to provide fund administrators, prime brokers and global asset managers with an investment accounting, data management and reporting solution.
Advent says the integration of Geneva and InterView allows for the delivery of portfolio accounting information in real-time or batch modes both to a firm's internal sources and externally to clients.
The InterView investment data hub is being used as a conduit for receiving, transforming, and routing transactions, reports, files, and messages to and from Geneva as well as enabling STP between Geneva and with other systems, such as order management.
John Wise, founder and CEO of Netik, says: "Our hub insures that only accurate transaction information is sent to Geneva so that error/reject rates are reduced."