Wealth manager automates client billing with Advent Revenue Center

Parsec currently uses Advent's Axys portfolio accounting system, and sought to automate its billing operations after its assets under management grew to a point where manual processes became unfeasible.

"Our billing process was so inefficient that it was taking up an outrageous amount of personnel time to manually do this," explains Harli Palme, financial advisor and client service manager at Parsec. "Another factor was the number of inaccuracies happening because people were actually using c