Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Advent’s Geneva® has been named “Best Buy-Side Portfolio Accounting Platform,” and Advent Portfolio Exchange® (APX) in conjunction with Advent Direct® Investor Management has been named “Best Buy-Side CRM Platform” in the Buy-Side Technology Awards 2014.
The Buy-Side Technology Awards recognize the leading technologies and vendors in their area of expertise, through an auditable and transparent methodology underpinned by the input and experience of seven judges – five buy-side-focused technology consultants and two of Buy-Side Technology's editors.
“Best Buy-Side Portfolio Accounting Platform” is awarded to the solution that best demonstrates the ability to support multiple currencies, transactions, and instruments (asset classes), as well as back-office connectivity, flexibility, and scalability. Geneva®, Advent’s global investment management and accounting platform for asset managers, hedge funds, fund administrators, prime brokers, and mutual funds, provides a high level of operational efficiency and easy access to real time data. It offers comprehensive instrument coverage, full financial general ledger, and industry-standard integration tools enabling firms to manage complex investment strategies and fund structures.
“Best Buy-Side CRM Platform” is awarded to the solution with the best functionality designed specifically to allow buy-side firms to efficiently manage client relationships that are growing both in terms of numbers and complexity. APX with Advent Direct® Investor Management empowers client-facing teams to more effectively manage and grow relationships. By providing easy access to actionable information about portfolios, products, and people, it helps increase productivity in client service and prospect marketing. Portfolio managers, operations staff, relationship managers, and marketing representatives throughout a firm can each have a personalized user experience.
Victor Anderson, Editor-in-Chief of Waters and WatersTechnology, commended Advent, saying: “In an extremely competitive year, Advent's offerings were clear standouts among the finalists in the portfolio accounting and customer relationship management (CRM) categories. From year to year, Advent’s solutions continue to exhibit significant enhancements and new functionality to meet buy-side firms’ increasingly complex needs. We are pleased to recognize Advent for offering outstanding solutions in two distinct categories this year - it's good to see Advent back in the BST Awards winners' circle.”
“We are honored that three of our solutions were recognized in this year’s Buy-Side Technology Awards,” said Chris Momsen, Executive Vice President for Sales and Solution Management, Advent Software. “Our commitment is to work closely with our clients to deliver superior solutions that address their business needs. The results of this collaborative relationship with our clients are evident in the performance of our solutions and the feedback from the full Advent community.”
The awards were presented on November 7, 2014 during the Buy-Side Technology Awards luncheon at the May Fair Hotel in London.
Advent adds this award to a long list of accolades over the last 12 months, including: Best Fund Accounting and Reporting Software,HFM US Hedge Fund Services Awards; Best Technology Provider, Investment Week Fund Services Awards; Best Client Reporting System, Systems in the City; Best Client Reporting Solution, FTF News Technology Innovation Awards; Best Portfolio Management Solution, WealthBriefing European Awards 2014; Best Client Communications & Reporting, WealthBriefing Switzerland & Liechtenstein Awards 2014; Best Client Relationship Management (CRM) System, Family Wealth Report; Leading Margin Management Provider Award,The Hedge Fund Journal; Best Fund Accounting and Reporting System 2014, Hedgeweek; Best Fund Accounting and Reporting Software Provider and Best Portfolio Management Software Provider, MENA Fund Manager Fund Services Awards 2014; Best Technology Platform 2014, Private Asset Management Magazine; and Best Fund Accounting Platform, Global Custodian.