EMEA Investment Managers Experience Improved Connectivity with Advent Software

EMEA Investment Managers Experience Improved Connectivity with Advent Software

Advent Continues to Innovate Throughout the Industry in EMEA to Bring Value to Clients with Useable and Accessible Data

LONDON and SAN FRANCISCO – March 28, 2012 – Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced its improved connectivity in Europe, the Middle East and Africa (EMEA). Advent has made significant additions to its existing 450+ US and global custodian interfaces, specifically bolstering connectivity with European custodians, and has launched a market data integration framework to automate the delivery of custodial and market data from a variety of providers into Advent Portfolio Exchange® (APX), Advent’s portfolio management system.

Advent® Custodial Data Integration for EMEA

Getting custodial data into a firm’s portfolio management system can be a complex process, entailing a myriad of manual and semi-automated steps to manage and manipulate custodial data to meet the requirements of the custodian’s business and software. Through Advent’s custodial connectivity solution, interfaces can be locally installed to allow custodians to send standard files to clients for instant, useable information within APX. The ability to employ straight through processing with Advent’s solution improves data quality, reduces operational risk, and impacts investment firms’ profitability, scalability and growth. It also frees custodians in EMEA to focus on managing primary business goals and offering superior client service, as the interface automates data management and facilitates streamlined access for Advent clients throughout the region.

“By providing standardized connectivity specific to the EMEA market, we are making it easier for investment managers to manage their data and investments, reducing operational risk. In addition, local custodians are able to provide client services at their highest level, with improved speed, consistency and efficiency,” said Håkan Valberg, senior vice president and general manager, Advent Software EMEA. “We have aggressively added custodial connections throughout the region and improved connectivity in EMEA, building on the experience we have gained with the market leading Advent® Custodial Data solution, used by over 2,500 investment managers today in the United States and elsewhere. Advent constantly innovates connectivity to automate the ever-changing world of transactions, investment vehicles and account types at global and local levels.”

Advent’s Market Data Solutions

With Advent’s market data solutions, clients can choose their market data source while streamlining the market data management process, thereby saving time and money. The framework automates the workflow of importing market data – including prices, rates and indices – from leading vendors like Thomson Reuters, Interactive Data and Bloomberg into APX. As a result, EMEA investment managers can collect, analyze, consolidate and distribute the data they need, when they need it.

“Manually importing data into the portfolio management software is costly, time-consuming and can potentially lead to errors,” said Daniel Eriksson, vice president of product management and solutions consulting, Advent Software EMEA. “Advent’s goal is to provide solutions for EMEA investment managers that eliminate the need for these manual processes, offering them the assurance that the critical data they rely on is accurate and reliable.”

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® Custodial Data (ACD)
Used by more than 2,500 firms to reconcile and report on over 2.5 million investment accounts, ACD is the industry’s most comprehensive, reliable, and functionally robust custodial data aggregation service. ACD delivers comprehensive data sourced directly from custody systems of record and is delivered through secure data feeds developed in partnership with each custodian. Instead of managing multiple connections, file formats, and processing workflows, ACD clients securely retrieve their standardized files from all of their custodians through a single Internet connection.
 
About Advent
Advent Software, Inc., a global firm, has provided trusted solutions to the world’s financial professionals since 1983. Firms in more than 60 countries rely 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 costs. For more information on Advent products visit http://www.advent.com/about/resources/demos/pr.

Advent, the Advent logo, Advent Software and Advent Portfolio Exchange are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
 
Contacts:
Vera Wang
Horn Group for Advent Software, Inc.
+1 (415) 905-4022
vera.wang@horngroup.com

Daphne Marciel
Advent Software EMEA
+44 20 7631 9240
daphne.marciel@advent.com