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Advent upgrades portfolio management system

18 November 2008  |  1141 views  |  0 Source: Advent Software

Advent Software (NasdaqGS:ADVS), a leading provider of software and services for the investment management industry, today announced the release of Axys 3.7, an important update to Advent's turnkey portfolio accounting management and reporting solution.

The latest release of Axys marks Advent's continued commitment to keeping the platform current as technology and regulatory changes impact its client base.

Axys is a comprehensive and powerful portfolio management and reporting system that enables firms to easily manage an extensive range of investment instruments, resulting in efficiencies that allow them to run their business without increasing overhead, and focus on differentiating their services. The solution, which was introduced to the market in 1993, is used by over 3,500 asset management clients around the globe -- including hedge funds, family offices, wealth managers, registered investment advisors and financial planners.

Axys 3.7 updates include:

  • Compatibility with new platforms including Microsoft Vista, Microsoft Office 2007 and Adobe Acrobat 8
  • New and updated reports including SEC-ready reports to help firms respond to regulatory changes and compliance inquiries
  • Improved navigation and advanced search within the "Help" functionality

"Axys has been the cornerstone of our back-office for close to 15 years, bringing speed, accuracy and flexibility to our portfolio management and accounting operations," said David Konell, Vice President of Operations, Weston Capital Management. "With Axys we continue to enjoy the benefits of increased productivity, which is especially important in a challenging market environment. We are very pleased with the new platform compatibility and reports available in Axys 3.7, and appreciate Advent's commitment to improving its industry-leading solution."

"We are very excited about the release of Axys 3.7, this update enhances our comprehensive report library and allows our clients to leverage additional operating platforms," said Pete Hess, Executive Vice President and General Manager for Advent's Investment Management Group. "The stability and reliability of Axys have made it the de-facto standard for firms with straightforward business needs, and we will continue to support and update the platform for the over 3,500 clients who rely on Axys to run their investment management business."

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