Avalon has relied on the full suite of Advent solutions since its inception in 2001, including: MoxyÂ®, Adventâs leading trade order management solution; Advent PartnerÂ®, Adventâs solution for onshore and offshore investor accounting and servicing; and AxysÂ®, Adventâs turnkey portfolio accounting and reporting solution. As Avalonâs business grew in size and complexity, it needed a more comprehensive, integrated revenue management system. Advent Revenue CenterÂ® has streamlined Avalonâs revenue management process, adding to Avalonâs full suite of Advent products, which provide a completely integrated platform that delivers increased operational efficiency.
âWe needed a billing and revenue management solution that could keep pace with our growth while satisfying our compliance requirements -- and it had to be a solution that could produce accurate historical fee calculations for prior periods rapidly, in order to comply with any requests made during routine SEC audits,â said Gary Bonner, Chief Operating Officer, Avalon Advisors. âWhat used to take us seven business days to do, we are now able to do in about one or two; we no longer have to go back manually to make sure that everything has been calculated properly because we know the numbers are accurate. From a compliance perspective, Advent Revenue CenterÂ® has really given us a confidence and peace of mind.â
âWe are delighted to have Avalon Advisors as part of a community of over 50 investment management firms using Advent Revenue CenterÂ® to support their growth objectives and achieve operational efficiency,â said Michele Holton, Director of Product Marketing for Advent. âWeâre grateful for Avalonâs continued confidence in Adventâs innovative suite of mission-critical solutions, which free our customers to focus on their core activities while providing even greater service directly to their clients.â