Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced the global release of its first round of 2015 product updates, including enhancements for Geneva®, Advent Portfolio Exchange® (APX), Moxy®, Advent Rules Manager®, Tamale®, and Advent Revenue Center®.
The latest upgrades reflect direct input from Advent Direct® Community, Advent's online ecosystem of clients, partners, employees, and experts, with support for regulatory reporting emerging as a particular area of importance for clients in this round of enhancements.
"Once again, our clients have been at the forefront of driving the direction of Advent's product development, making sure that we are delivering the enhancements they need and expect from a world class technology provider," said Robert Roley, Vice President, Solutions, Advent Software. "Advent Direct® Community has been instrumental in increasing not only the value of our semi-annual product releases, but also in gaining insights into our clients' priorities such as their need for regulatory reporting support."
Enhancements include improvements to reporting, expanded instrument coverage, including greater flexibility in accounting for swaps and non-deliverable forwards, and greater functionality for hybrid funds.
Moxy® and Advent Rules Manager®
Expanded capabilities for Moxy® and Advent Rules Manager® include enhanced connectivity for mutual funds transactions via FIX and for fixed income settlement via SWIFT. Additionally, regulatory reporting improvements are reflective of client feedback communicated via Advent Direct® Community.
Advent Portfolio Exchange® (APX)
Upgrades to APX include greater flexibility and speed in client reporting as well as more reports in the customizable SSRS reporting format. Clients will also benefit from better automation functionality to promote operational efficiency, and continued improvements to the user experience.
The Tamale® research management product's already robust reporting capabilities saw improvements in usability and efficiency.
Advent Revenue Center®
Clients of Advent Revenue Center® will find enhancements to revenue sharing and commission payout capabilities.
"We are dedicated to helping firms that choose Advent maintain their competitive edge," said Roley. "Through continuous investment in the features, functionality, integrations, and emerging technologies, Advent continues to maintain a steady track record of innovation to help investment management firms around the world stay ahead of the curve."