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Advent unveils new Geneva software with enhanced data access

Advent Software, a leading provider of software and services to the global alternative investment management industry, has unveiled Geneva 7.0, which it says is a major technical and functional upgrade to the firm's investment management, reporting and accounting platform used by asset managers, hedge funds, fund administrators and prime brokers.

The release of Geneva 7.0, Advent says, marks a significant leap forward in enabling investment managers to meet industry challenges through access to critical investment information regarding alternative investment strategies and complex instrument types that bridges the needs of front, middle and back offices.

According to the firm, Geneva 7.0 enables users to maximise investment opportunities and facilitate business growth while reducing costs and risk. New features include enhanced data access and workflow improvements as well as various functional enhancements. The new version also includes architecture enhancements to its platform, which has been extended to leverage Microsoft's .NET 2.0 framework and SQL server reporting services.

'Geneva 7.0 has completely changed the way we think about and use Geneva,' says 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 and easily get the answers.'

Todd Gottula, Advent's co-head of global accounts, says: 'Geneva 7.0 fulfils 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.'

'With Geneva 7.0's new user interface, data browser, and reporting infrastructure, Geneva has evolved from a powerful accounting engine to a platform for providing accurate investment information and customised work flows.'

'With eight of the top 10 fund administrators and seven of the top 10 global prime brokers using Geneva, we are confident that Geneva 7.0 will strengthen our position as the leading solution to improve productivity and reduce operational risk for a broad range of investment types.'

Established in 1983, Advent Software serves firms in 60 countries that manage investments totalling nearly USD14trn.

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