FSO Knowledge Xchange Recognizes Advent Rules Manager(R) for Innovative Investment Management Solution
SAN FRANCISCO, CA -- (Marketwired) -- 07/31/13 -- Advent Software, Inc. (NASDAQ: ADVS), a leading provider of software and services for the global investment management industry, today announced that Advent has been named for 'Excellence in Risk Management Systems and Compliance' by FSO Knowledge Xchange (FSOkx) at the 7th Annual Financial Services Outsourcing Forum with Excellence Awards in New York City. The annual award honors firms at the forefront of transforming the financial services industry and this year, Advent Rules Manager® was recognized as the premier solution for risk management and compliance.
"After a comprehensive evaluation that included a wide variety of industry leaders, the panel of judges chose Advent for its innovation, superior features and overall commitment to serving its clients," said Rekha Vatsa, Managing Director, FSOkx. "I am extremely pleased to applaud Advent's excellence for its solution for risk management and compliance. This year's winners, who managed to persevere during a challenging business and regulatory climate, were selected using a methodology that included research, market intelligence, nomination form review, and feedback from end users."
As a comprehensive solution for trading compliance and portfolio monitoring, Advent Rules Manager® helps firms automate their policies and procedures, eliminating manual labor and improving accuracy. To increase efficiency, Advent Rules Manager® provides a centralized compliance page that gives a complete view into a firm's compliance activity. The solution also provides compliance tools to help address many industry regulations including the Investment Company Act of 1940, Dodd-Frank Reform, and UCITS.
"We're excited to be recognized by FSOkx for our role as a leader in delivering innovative solutions to meet our clients' most pressing business needs, such as risk management and compliance. With the increase in regulations and clients' demand for transparency, these functions have gone from a nice-to-have to a must-have," said Todd Gottula, Executive Vice President and Chief Technology Officer. "We're always looking to stay a step ahead by delivering time-saving, flexible solutions to investment managers that will help them thrive and take their business to the next level."
This award is the latest in a series of industry recognitions for Advent in 2013. Advent has also been recognized this year for the following: Best Research Management Tool, Systems in the City Award; Best Fund Accounting and Reporting Software Provider and Best Portfolio Management Software Provider, MENA Fund Manager Fund Services Awards; Technology Vendor of the Year, Citywealth Magazine; and Best Technology Provider, HFMWeek.
FSOkx is a global research and information hub providing insights to the banking, insurance, and capital markets industry. For more information about the award, please visit http://www.fsokx.com/Awards.
Advent Software, Inc. (www.advent.com), a global firm, has provided trusted solutions to the world's financial professionals since 1983. Advent's proven solutions can increase operational efficiency, reduce risk, and eliminate the boundaries between systems, information and people so you can focus on what you do best. With more than 4,500 client firms in over 60 countries, Advent has established itself as a leading provider of mission-critical solutions to meet the demands of investment management operations around the world. 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 and Advent Rules Manager are registered trademarks of Advent Software, Inc. All other company names or marks mentioned herein are those of their respective owners.
Source: Advent Software