Parsec Financial Selects Advent Revenue Center® to Support Growth

San Francisco, CA - 5 March 2008

Advent Software, Inc. (NASDAQ: ADVS), the award-winning provider of software and solutions for the investment management industry, today announced that Parsec Financial Management has implemented Advent Revenue Center®, Advent’s comprehensive billing and revenue management solution. Based in North Carolina, Parsec is a wealth management firm with over $900 million in assets under management.

Parsec had recently experienced a rapid growth in assets, which placed significant strain on its manual, spreadsheet-based billing system, and the firm was looking for a solution that would significantly reduce manual processing, minimize billing errors and cut the amount of time and labor spent on billing. A long-time user of Advent’s Axys® portfolio accounting solution, Parsec turned to Advent Revenue Center®, which is designed to integrate seamlessly with Advent’s portfolio management platforms, Advent Portfolio Exchange® and Axys®.

“By using the best technology to automate processes like billing, we can keep our support staff level and expenses down, so that as we add more clients we actually profit more. Plus, we are also providing much better service to our clients,” said Cristy Freeman, Senior Operations Associate at Parsec Financial Management.

“It is a very affordable solution, especially when you look at the cost compared to your employees’ time -- you can’t pay an employee enough to sit there and do what Advent Revenue Center® does. We went from having six employees doing the billing to three; the savings in time and labor goes straight to the bottom line,” concluded Freeman.

“We are pleased to provide our clients with a solution that controls and streamlines the billing process, and value the role that we play in our customers' plans for growth and success,” said Michele Holton, Director, Product Marketing at Advent. “We are very excited to add Parsec to our growing list of clients using Advent Revenue Center®.

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