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Advent's APX 4 Delivers Insights to Fuel Growth for Investment ManagersCustomizable Dashboards Deliver Instant Access to More Information With Greater Clarity (November 03, 2011)
SAN FRANCISCO, CA -- (Marketwire) -- 11/03/11 -- Advent Software, Inc. (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.
About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX) is an end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management with the back-office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface. APX delivers improved client service with enhanced security for today's amplified compliance environment. For more information on APX visit https://secure.advent.com/info/pr_apx.
Advent Software, Inc., a global firm, has provided trusted solutions to the world's financial professionals since 1983. Firms in more than 60 countries count on Advent technology to run their mission-critical operations. Advent's quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling operational risks and costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit http://www.advent.com/solutions.
Advent, the Advent logo, Advent Software, Advent Portfolio Exchange and Advent OnDemand are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Any forward-looking statements included in this press release involve risks and uncertainties that could cause actual results to differ materially from our expectations. These risks and uncertainties include market conditions and developments, expected benefits of new functions, continued sales of existing products, the successful development, timing, anticipated features, functionality and market acceptance of new products and enhancements, the impact of initiatives by competitors, continued uncertainties and fluctuations in the financial markets and economic conditions and other risks detailed in Advent's most recent filings with the Securities and Exchange Commission, including, but not limited to, its quarterly reports on Form 10-Q and its 2010 annual report on Form 10-K, copies of which may be obtained by contacting Advent Software at (415) 645-1787 or by visiting Advent's Investor Relations Web site at www.advent.com.
Advent Software, Inc.
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