Advent updates Portfolio Exchange

Source: Advent Software

Advent Software (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced the availability of Advent Portfolio Exchange (APX) 4 the newest version of its award-winning portfolio management software.

Through successive releases, APX has transformed the ways investment management firms operate by streamlining operations and enhancing access to data across the firm. Advent has now introduced customizable dashboard capabilities, which offer an entirely new way for everyone in the firm to select and personalize the information they need to perform their jobs. APX 4 has also made workflows for global accounting more efficient in response to the growing importance of managing assets in an international marketplace.

The new dashboard capabilities enable users throughout the firm to instantly surface data from multiple sources, without having to run reports. Users can create customized views of the information they need and associate each dashboard with a portfolio or a group of portfolios.

"APX 4 raises the bar yet again," said Andrew MacQueen, Principal, NewSouth Capital Management. "As a long-term customer of Advent, we've had the opportunity to test APX 4 and were pleased with the speed and ease with which everyone in the office could create, access and incorporate dashboards to visibly improve the way they perform their job, service our clients and ultimately help our business grow."

"With the dashboards in APX 4, everyone in the firm — from portfolio managers to operations staff to client service teams - gains a new tool to enable them to work more effectively," said Michele Holton, Director, Product Marketing, Advent. "The in-depth and detailed data that APX has always provided is now easier to access, empowering every user in the firm with the information they need at their fingertips."

"APX 4 also includes enhancements for global accounting. Firms can now enter, view and store foreign exchange rates between any currencies. This flexibility makes it easier for firms to trade, settle and report on global assets and manage global portfolios," said Michele Holton.

In response to an increasing need for transparency and disclosure in the investment industry, APX 4 has extended its reporting capabilities. The APX reporting framework, leverages Microsoft Reporting Services, to offer greater flexibility and control over report content and format. Customization, including choice of colors, charts and graphs and unique data elements, will assist firms in differentiating themselves in the marketplace. APX enables firms to deliver consolidated, interactive reports via their own branded client portal and via the iPad or other tablets through Advent's alliance with LIGHT[PORT] in North America.

APX 4 is available for firms as an onsite deployment or through Advent OnDemand®, Advent's Saas model that brings APX to the cloud. 

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