Advent for Fund Administrators Brochure


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Advent for Fund Administrators Brochure

  1. 1. Advent Software ® Advent® for Fund Administrators Your Competitive Advantage in a Fast Changing Market Innovation & Proven Reliability Since 1983
  2. 2. Advent for Fund Administrators: Power and Agility to Stay Ahead in an Ever-Changing Market Advent has become the proven industry The rapid changes in the current financial market are leader within the alternative investment market. continually transforming the fund administration industry. Our clients include: To stay ahead, progressive fund administrators must adapt • Three-quarters of the top global fund constantly to new and exotic investment instruments, administrators • 8 of the top 10 global prime brokers highly sophisticated strategies, and complex, multi- • Over 125 hedge funds tiered fund structures. Today’s hedge fund managers are increasingly demanding and the marketplace is increasingly “Advent’s approach to implementation, documenta- tion, and training makes Geneva a very attractive competitive. To satisfy existing clients and build your system. I would be telling anyone who asks that business, you need a technology platform that enables you you’d be crazy not to go the Advent Geneva route to deliver superior service and adapt quickly to change. for hedge fund management or fund administration.” Since 1983, Advent Software has been helping fund Chris Mulhern Chief Operating Officer administrators expand service offerings and grow assets Fulcrum Limited under administration while controlling costs. Today, Advent is the leading software company devoted exclusively to serving the needs of the global investment industry. That is why leading fund administrators, including seven of the top 10 worldwide, rely on Advent as their technology partner.
  3. 3. Advent Software “Stating the fact that we use Geneva makes marketing Gain the Strategic Advantage to clients and speaking to our clients’ investors a Advent for Fund Administrators is the first comprehensive slam dunk.” technology solution designed to meet the challenges of a Richard Buckland complex, high volume, global fund administrator. It’s a fully Head of North America Operations integrated platform encompassing: LaCrosse Global Fund Services • Fund accounting and unit pricing • Shareholder servicing and onshore and offshore partnership accounting • Transfer agency and equalization accounting • Data management and straight through processing Whether you provide administration services to hedge funds, funds of funds, or cater to both, Advent for Fund Administrators is the first and only solution that positions your firm to meet tomorrow’s fund administration challenges today. It enables you to: • Lower production costs by eliminating inefficiencies and redundant processes • Improve your fund-accountant-to-fund ratio by reducing unnecessary manual tasks • Refocus human resources and realize economies of scale by centralizing operations • Differentiate your services by reducing inaccuracies and improving time to delivery • Account for virtually every type of investment instrument and strategy and adapt to new ones as they come on stream Real-time Portfolio Accounting for a 24 / 7 World The core of Advent for Fund Administrators is Geneva®, the The Geneva® Data Browser provides fast, easy access to portfolio data. industry-leading, real-time portfolio accounting engine that powers Advent’s fund accounting and unit pricing. Only Geneva is designed to handle the evolving challenges in the hedge fund marketplace: greater trade volumes, higher service expectations, and new investment strategies and instruments. Geneva gives you the power to meet these challenges through a proven, scalable, enterprise-wide $18 Trillion system that allows users immediate access to critical, Total assets managed by firms using Advent accurate, and actionable data. technology Geneva empowers fund accountants and operations staff with: Complete coverage of all instruments and transaction types. Geneva provides full investment, accounting, and operational support for global equities, global fixed income, currencies, and complex derivatives such as swaps and 1 |
  4. 4. Advent Software “We have all sorts of multistrategy funds, and there credit facilities. This robust support eliminates the need for hasn’t been a security type where we’ve had to come offline processing, which can lead to accounting errors and up with a solution with the system. Geneva is able to processing delays. handle everything. It’s exceeded expectations.” Comprehensive portfolio accounting and NAV reporting. Benjamin Pershick Geneva supports full tax lot level portfolio accounting and Chief Operating Officer NAV calculations for both multiclass and master-feeder Admiral Administration Limited accounting structures. Firm-wide access to in-depth information. Geneva features real-time, drill-through reporting that allows users to drill into reports and analyze the underlying positions or accounting. Operations and accounting staff can move easily throughout the system and access the exact information they need— exactly when they need it. Real-time, dynamic error correction. Change or update data within the system and the change is reflected within all reporting and accounting results in real time. Full audit trail and knowledge date reporting. Geneva’s audit trail stores the before and after values for all systematic data changes, while also allowing users to generate “as was” reporting to analyze results prior to the data changes. Unlimited multicurrency processing. With no systematic base currency, Geneva allows portfolio managers to perform accounting in any base currency and easily generate reports for portfolios trading in multiple currencies. Customizable user profiles and entitlements. Control user access by both portfolio and features, so users’ access can be defined based upon their job requirements. Open architecture for seamless integration. Geneva’s industry standard toolkit allows firms to exchange data with multiple areas of the organization and integrate offices Geneva® easily handles swaps and other complex derivatives. around the world on a single platform. Take Workflow Efficiency to a New Level The Advent for Fund Administrators Workflow Manager module automates and streamlines data management and 60 facilitates straight through processing through efficient Number of countries in which Advent serves integration of data between applications, whether Advent the diverse needs of clients or third party, internal or external. Workflow Manager is designed to manage your unique requirements for sourcing critical data, such as trading, pricing, or custodial informa- tion, and for sharing portfolio data with clients, prime brokers, and other service providers. These automated connections speed the flow of data, eliminate manual re-entry, reduce the risk of error, and improve data integrity. 2 |
  5. 5. Advent Software “As a small administrator, we need every advantage that Accurate Partnership Accounting for we can get to win business. When we have the techno- Superior Client Service logical advantage of Geneva, that makes it a lot easier.” Advent for Fund Administrators incorporates the full functionality of Advent Partner® for robust and accurate Tim Dunn Vice President, Information Technology investor-level accounting, no matter how complex. MadisonGrey Advent Partner is the only solution you need for servicing onshore and offshore funds, funds of funds, and limited partnerships. Because it integrates seamlessly with Geneva, Advent Partner eliminates manual data entry between systems, improving operational efficiency and reducing the risk of error. Advent Partner is the singular solution for: • Economic and tax bookkeeping for onshore investors, with support for tax lot layering, multiple aggregate allocation methodologies, and production of U.S. Schedule K-1s • Multiclass, multiseries accounting for offshore investors • Tracking fund attributes and relationships for fund structures, such as master-feeder, fund of funds, and other complex configurations • Investor management with the ability to set up investor reference data in a central place and apply it to individual funds, automate capital account creation and class series grouping, process and track the lifecycle of all capital coming in and out of funds, and track and report on interested parties • Performance and management fee calculations, including the ability to charge fees at the beginning or end of the period • Reporting by capital account, investor entity, series, class Advent Partner® accounts for complex fund structures, such as or fund, or consolidated reporting across funds master feeder and fund of funds, with ease. • Equalization • Transaction management with “4 Eyes” support, which includes the ability to accept, acknowledge, and confirm capital flows by setting transactions to an accepted or rejected status Advent Partner provides a top-level view of investors across all funds. It gives your firm a single, centralized source for “Over the last eight years, Advent has really improved the usability of Advent Partner to the point that there is investor data such as names, addresses, interested parties, very little that has to be done manually. It’s become a and other relationship details. Managing investor data, much more industrial strength product.” business rules, fees, and reporting has never been easier. Andrew L. MacQueen, CFA Maximize Your Operational Efficiency Head Trader and Director of Information Services Advent for Fund Administrators is designed to reduce human NewSouth Capital Management, Inc. intervention—and chances for error—in transfer agency and equalization accounting. Geneva’s unified data, double-entry accounting model dramatically simplifies accounting 3 |
  6. 6. Advent Software processes. Dynamic error correction of historical data Advent for Fund Administrators immediately updates all subsequent and dependent Solution Modules transactions. Geneva Workflow Manager and Accelerators Advent Geneva® makes it easy to achieve real-time integration between the Geneva is the only portfolio management solution designed to portfolio accounting platform and transfer agency meet the demanding, real-time operational requirements of global modules. The result is the fastest and most accurate NAV hedge funds, fund administrators, and prime brokers. It gives calculations and reporting available. investment professionals fast access to the real-time information they need and provides the back office with the tools to stay ahead in an ever-changing marketplace. Geneva provides: Trust in Experience and Proven Results • Complete coverage of all instruments and transaction types Who better to help you make the most of your Advent • Comprehensive portfolio accounting and NAV reporting solution than the company that built it? With thousands of • Firm-wide access to in-depth information • Multilevel performance measurement reporting successful implementations and an average client tenure • Real-time, dynamic error correction of more than seven years, our services organization knows • Full audit trail and knowledge date reporting how to ensure your firm’s success on Advent solutions. • Unlimited multicurrency processing • Comprehensive user level security Advent project managers and consultants offer you: • Open architecture for seamless integration • Experienced professionals who have successfully deployed • Scalable enterprise technology for 24 / 7 operations Advent solutions for more than 4,500 client firms Advent Partner® • A proven methodology that gets all parties aligned, goals Advent Partner makes accounting for individual investors fast and defined, and roles assigned upfront accurate, empowering you to provide superior service and • Reduced internal burden, freeing your staff to focus on comprehensive reporting for both onshore and offshore funds. their work Advent Partner integrates seamlessly with Geneva to eliminate • Business continuity with no downtime or business manual data entry, errors, and automate a host of investor servicing functions, including: disruption during the transition • Investor management with automated reporting • Optimal performance from day one—no surprises or and record keeping setbacks when your new solution goes live • Performance fee calculations • Faster return on investment in the form of increased • GAAP accounting book features • Investor accounting for both onshore and offshore funds efficiency, higher productivity, lower operating costs, and • A streamlined workflow and secure data enhanced client relationships Geneva Workflow Manager and Accelerators Employing industry-leading best practices and tools, Advent Geneva Workflow Manager is a comprehensive business process consultants have built a solid track record of delivering management and integration tool set that allows you to: fast, predictable results. Our expertise extends beyond our • Easily integrate Geneva with other systems and data sources, software. Our broad industry experience enables us to thereby eliminating duplicate data entry and ensuring data integrity advise clients on a range of strategic, functional, workflow, • Configure your own integration business logic and error and technical issues—everything you need to operate at checking rules and manage repair queues peak efficiency. • Create business processes that unite your disparate software applications into a coherent whole With Advent for Fund Administrators, you get not only a • Visibly manage and control information flow and monitor superior solution for managing your funds and clients, business operations across multiple systems but also a true technology partner you can count on for Preconfigured Geneva Integration Accelerators are available to years to come. interface and manage the workflow between Geneva and the following systems and data sources: Advent Partner Advent Corporate Actions® (ACA) Advent® Custodial Data (ACD) 1,000+ GainsKeeper® Years of experience on Advent’s product Interactive Data development team Advent Moxy® 4 |
  7. 7. ® To learn more about Advent® for Fund Administrators—and how it can be tailored to your specific operational challenges— visit our website: About Advent Software Advent Software, Inc. has been providing trusted solutions to the world’s leading financial professionals since 1983. Firms in 60 countries using Advent technology manage investments totaling US $18 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 Software, Inc. 600 Townsend Street 666 Third Avenue 16/F, Cheung Kong Center One Bedford Avenue San Francisco, CA 94103 New York, NY 10017 2 Queen’s Road London WC1B 3AU 800-727-0605 212-398-1188 Central, Hong Kong United Kingdom +852 2297 2280 +44 20 7631 9240 Copyright © 2008 Advent Software, Inc. All rights reserved. ADVENT, the ADVENT logo, Advent Corporate Actions, Advent Custodial Data, Advent Partner, Geneva, and Moxy are registered trademarks of Advent Software, Inc. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies. Information subject to change without notice. 5 |
  8. 8. ® San Francisco • New York • Hong Kong • London 600 Townsend Street San Francisco, CA 94103 800-727-0605 666 Third Avenue New York, NY 10017 212-398-1188 16/F, Cheung Kong Center, 2 Queen’s Road Central, Hong Kong +852 2297 2280 One Bedford Avenue London WC1B 3AU United Kingdom +44 20 7631 9240 Advent Software BROFA1108 Printed on recycled paper.