Press Release Summary:
Acting as global investment management, reporting, and accounting platform, GenevaÂ® v7.0 offers access to real-time data while promoting operational efficiency by bridging needs of front, middle, and back offices. Global instrument coverage, full financial general ledger, and integration tools enable firms to manage multiple locations, complex investment vehicles, multiple investment strategies, and tiered fund structures. Scalable solution also supports customized, ad hoc queries.
Original Press Release:
Advent Unveils Geneva® 7.0
Latest Enhancements Dramatically Improve Data Access and User Experience
SAN FRANCISCO, Sept. 17 -- Advent Software, Inc. (NASDAQ:ADVS), the leading provider of software and services to the investment management industry, today unveiled Geneva(R) 7.0, a major technical and functional upgrade to Advent's premier investment management, reporting, and accounting platform. The latest release of Geneva(R) marks a significant leap forward by Advent in enabling investment management firms to meet industry challenges through unprecedented access to critical investment information that uniquely bridges the needs of the front, middle, and back offices.
Geneva(R) 7.0 is designed to meet the dynamic business requirements faced by today's leading investment management firms that employ alternative investment strategies and complex instrument types. Geneva(R) 7.0 combines power and agility to maximize investment opportunities and enable business growth while reducing costs and risk. New features include enhanced data access and workflow improvements as well as a number of key functional enhancements:
-- Geneva(R) Desktop with bookmarks, workflow management, and exception processing
-- Geneva(R) Data Browser for customized, ad hoc queries
-- Geneva(R) Reporting Services, which integrates seamlessly with Geneva(R)'s powerful and flexible reporting language and data model
-- New user interface with flexible viewing options and navigation
-- Intuitive swaps screens that simplify and unify data entry
-- Simplified trade entry and enhanced accounting support for bank debt instruments
Geneva(R) 7.0 also includes architecture enhancements to its proven, scalable platform, which has been extended to leverage Microsoft's .NET 2.0 framework and SQL Server Reporting Services.
"Geneva(R) 7.0 has completely changed the way we think about and use Geneva(R)," said Kristen Gregory, Director of Operations at Carlson Capital. "Now, when someone wants up-to-the-minute information about our positions, prices, or P&L, they can turn to Geneva(R) and easily get the answer they need to take action."
"Geneva(R) 7.0 fulfills an essential requirement for our investment management customers: timely access to easily-integrated critical information, which eliminates manual processes that can cause delays and errors," said Advent's Todd Gottula, Co-Head of Global Accounts. "With Geneva(R) 7.0's new user interface, data browser, and reporting infrastructure, Geneva(R) has evolved from a powerful accounting engine to a foundational platform for providing accurate investment information and customized workflows."
Gottula adds, "With eight of the top ten fund administrators and seven of the top ten global prime brokers using Geneva(R), we are confident that Geneva(R) 7.0 will strengthen our position as the leading solution to improve productivity and reduce operational risk for a broad range of investment types."
Advent will be demonstrating Geneva(R) 7.0 at the annual Advent Conference in Las Vegas, September 18-20, 2007. An online demonstration is available at https://secure.advent.com/info/geneva_demo.
Geneva(R), a global investment management, reporting, and accounting platform, is a proven solution for asset managers, hedge funds, fund administrators, and prime brokers that require fast, easy access to real time data and a high level of operational efficiency. Geneva(R) offers comprehensive global instrument coverage, a full financial general ledger, and industry-standard integration tools that enable firms to manage multiple locations, complex investment vehicles, multiple investment strategies, and tiered fund structures.
Advent Software, Inc. (http://www.advent.com/), a multi-national firm, has provided trusted solutions to the world's leading financial professionals since 1983. Firms in 60 countries use Advent technology and manage investments totaling nearly US $14 trillion. 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. Advent is the only financial services software company to be awarded the Service Capability and Performance certification for being a world-class support organization.
Advent and Geneva are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
CONTACT: Katherine Calvert of Advent Software, +1-415-645-1853, email@example.com