SAN FRANCISCO– June 9, 2011 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Dalton, Greiner, Hartman, Maher & Co., LLC, (DGHM), has successfully consolidated five disparate software programs onto the Advent Portfolio Exchange® (APX) platform. The Advent integrated suite brings together key functions including portfolio accounting, customer relationship management (CRM), revenue management, client reporting and communications to streamline processes and improve accuracy across the firm’s operations. In addition to comprehensive portfolio accounting with Advent Portfolio Exchange®, the firm is leveraging Advent Partner® for hedge fund and limited partnership accounting; Advent Revenue Center® to automate invoicing and revenue management; and Advent Corporate Actions® for accurate Corporate Actions processing and accounting.
Founded in 1982, DGHM is a fundamental, value-driven investment manager, managing $1.6 Billion in assets for institutional and high net worth clients. Prior to implementing APX, DGHM was using Advent’s Axys® for portfolio accounting, as well as a number of different software systems to support client relationship management, client mailings and more.
“What convinced us to go with APX was that we could pull all of the various systems together on a single platform,” said Erika Donalds, Vice President and Controller, Dalton, Greiner, Hartman, Maher & Co., LLC. “Clients and consultants are requiring a lot more due diligence, so we need to be completely on point with everything that is distributed. APX allows us to easily comply with all of these requests. With the integrated system, we’ve also been able to shave days off of many of our processes, leaving us more time to attend to our clients’ needs and focus on our growing business.”
In addition, DGHM chose to engage Advent Services for the migration to APX from Axys®. Advent Services has completed hundreds of successful projects and has developed a proprietary methodology centered around understanding specific client needs, setting clear objectives and roles, assessing risks and developing contingency plans, to ensure that all projects run smoothly with minimal disruption to business processes.
“The implementation was extremely organized and we had a great experience,” noted Donalds. “Our project was completed on time and on budget.”
“For over 25 years Advent has provided Asset Managers with technology solutions that can automate the handling of volumes of complex data with accuracy and ease. With the migration of more than 300 firms from Axys® to APX, we’ve established a proven methodology to mitigate risk and accomplish our clients’ objectives,” said Michele Holton, Director, Product Management, Advent Software. “More and more, firms like DGHM have chosen to leverage Advent to streamline their operations and improve compliance and client communication.”
About Advent Portfolio Exchange®
Advent Portfolio Exchange® (APX) is an end-to-end portfolio management solution that integrates the front-office functions of prospecting, marketing, and customer relationship management with the back-office operations of portfolio accounting and reporting. This enterprise solution leverages a single SQL database to deliver critical client information via an easy-to-use browser-based user interface. APX delivers improved client service with enhanced security for today’s amplified compliance environment. For more information on APX visit https://secure.advent.com/info/pr_apx.
About Advent Revenue Center®
Advent Revenue Center® automates complex billing processes, from fee structures to collections. It boasts robust reporting features, including full audit-trail capabilities. The product delivers increased efficiency and productivity throughout the entire billing process and builds business intelligence that enables investment managers to manage their revenue effectively. Advent Revenue Center® utilizes a rules-based structure and is built on industry-standard SQL and .NET technology. For more information on Advent Revenue Center® visit https://secure.advent.com/info/pr_revcenter.
About Advent Partner®
Advent Partner® World Investor is a comprehensive, single-source solution for global investor accounting and servicing for both onshore and offshore funds. It integrates with Axys®, APX and Geneva®. This product is specifically designed for hedge funds, family offices, fund administrators, and accounting firms that face the complex and time-consuming task of consistently and accurately accounting for and reporting on investor contributions and redemptions, capital gain/loss and income allocations, and management incentive fees. In addition, Advent Partner provides comprehensive economic and tax allocation reporting. For more information on Advent Partner, visit https://secure.advent.com/info/pr_partner.
About Advent Corporate Actions®
Advent Corporate Actions® (ACA) delivers customized, position-level corporate action reports for a broad range of action and security types, along with market effective transactions for mandatory U.S. equity and ADR events, including tax compliant details. Using ACA, firms can track actions from announcement through effective date; receive alerts containing revisions and processing tips; and gain access to a dedicated team of corporate action specialists who assist advisory staff with processing details and the interpretation and confirmation of complex tax opinions.
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 50 countries count on Advent technology to run their mission-critical operations. Advent’s quality software, data, services and tools enable financial professionals to improve service and communication to their clients, allowing them to grow their business while controlling operational risks and costs. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support and services organization. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr.
Advent, the Advent logo, Advent Software, Advent Portfolio Exchange, Axys, Advent Revenue Center, Advent Partner and Advent Corporate Actions are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Advent Software, Inc.