Empaxis, a provider of operational services and support for asset managers and prime brokerage firms running Advent applications, has launched its Overnight Process Monitoring (OPM) system for hedge funds and other investment advisory firms.

Empaxis’ system is specifically designed to actively monitor and validate all processes for firms that are running Axys, APX and Geneva applications as well as other systems.  It ensures that all systems are diligently monitored overnight, validated as successful or unsuccessful, proactively worked on if they fail, and seamlessly handed off directly to clients or third-party vendors before the start of the following business day.

Eliminating the possibility of these processes failing overnight, the OPM system monitors all of these crucial processes while all work is logged into the program.

“With the industry moving at such a rapid pace, it is imperative that fund managers do not experience any unnecessary delays that may occur overnight,” says Stephen Van de Wetering, CEO of Empaxis. “Encountering  these types of delays can thwart the progress of an entire day’s work. The Empaxis Overnight Process Monitoring system was developed to solve that problem.”