Waters Rankings 2022: Best accounting system provider—SS&C Advent

Overview

SS&C Advent’s Advent Portfolio Exchange (APX) and Geneva platforms are designed to support buy-side firms that require high levels of operational efficiency and access to real-time data. APX enables firms to manage alternatives, multi-strategy portfolios and industry/client mandates, while Geneva allows them to manage complex investment vehicles, multiple investment strategies and tiered fund structures.

“We are proud APX and Geneva won the category for the best portfolio accounting platform in this year’s Waters Rankings. At SS&C, we are actively innovating and leveraging modern technologies to meet the needs of our clients. Our success in providing precise, timely accounting and performance solutions for our clients and their investors is backed by decades of experience, industry knowledge and client loyalty.”

The Solution

APX allows firms to follow industry/client mandates by automating workflows, eliminating additional systems, and enabling regulatory compliance. Geneva continues to invest strategically in complex fund structures, data governance, asset class coverage and data access. Responding to movements in private credit, SS&C Advent has introduced new workflows and support for investor accounting requirements. 

Secret Sauce 

APX simplifies operations with a centralized platform for portfolio, relationship and prospect data. It enables compliance with Global Investment Performance Standards (Gips) and Securities and Exchange Commission (SEC) mandates to assure managers and investors that their performance is correct and comparable. Complex investment accounting is the heart of the Geneva platform, with outstanding asset class coverage and fund structure capabilities. 

Recent Milestones 

  • SS&C Advent has expanded APX’s asset class coverage, improved its cost basis handling and reconciliation, and expanded its multi-strategy portfolio workflows
  • The firm increased the scale and automation of its managed services team
  • SS&C Advent augmented the Geneva experience through the rollout of a web-based user interface and user-centric workspaces to improve data access and simplify manual tasks

Future Objectives 

APX continues to enhance scalability with real-time data integration, modern user interface, streamlined workflows and accurate accounting and performance data, connecting clients’ enterprises on a single platform. SS&C Advent will continue to modernize Geneva for a better user experience, with higher levels of automation and intelligence, helping to lower the total cost of ownership and improve data access for clients. 

 

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