San Francisco, August 29, 2005 â Advent Software, Inc. (NASDAQ: ADVS) announces the release of AxysÂ® version 3.6, which expands reporting capabilities and improves support for operating systems and third party technologies. AxysÂ®, used by over 3,500 firms, is the industry standard portfolio management system delivering performance measurement, fixed-income accounting, multicurrency accounting, electronic interfaces, and robust reporting capabilities. AxysÂ® brings speed, accuracy and simplicity to the portfolio management function.
Among the significant enhancements included in AxysÂ® 3.6 are:
Â· New Reporting Capabilities: AxysÂ® 3.6 includes new reporting functionality for Average Capital Base proof, to support the internal rate of return performance calculation; Portfolio Turnover, to determine how actively a portfolio is being traded; and Individual Account Summary, to show the internal rate of return performance calculation of each portfolio in a group and includes a summary of each portfolioâs activity.
Â· Improved Support for Operating Systems and Third-Party Technologies: AxysÂ® 3.6 supports the latest Windows XP SP2 and Windows 2000 operating systems, Adobe Acrobat 7.0 and 6.0 and Microsoft Office 2003 and XP.
Â· Portfolio Close Date Functionality: AxysÂ® 3.6 includes complete implementation of close date functionality for all reports and groups, for more flexible reporting and greater automation for managers of portfolio groups with both open and closed portfolios.
"The enhancements in AxysÂ® 3.6 will help us tremendously with our internal reporting processes, particularly the improved interface with MS Excel, allowing us to save and retrieve reports more easily," said June George, director of operations at Knott Capital, an Exton, PA-based investment management firm that is participating in the AxysÂ® 3.6 beta process. "Adventâs Technical Support organization was quick to understand our particular workflow as we worked with them in the beta process, and they were very thorough in helping us to improve our internal business processes. Itâs been a great experience working with them," she said.
"The release of AxysÂ® 3.6 demonstrates our responsiveness to the changing needs of our customers and the environment in which they operate," said William Penney, Adventâs director of product marketing. "We will continue to address changes in areas such as the regulatory environment, operating system platform requirements, third-party technologies and demand for new reports in future versions of AxysÂ®."