Waters Rankings 2024: Best accounting system provider—SS&C Advent
Overview
SS&C Advent’s flagship accounting platforms, Advent Portfolio Exchange (APX) and Geneva, are designed for buy-side firms that require high levels of operational efficiency and access to real-time data. As part of the firm’s portfolio management and analytics Genesis Platform, APX provides accounting functionality to manage various portfolios, including alternatives, multi-strategy, and industry/client mandates, while Geneva allows users to manage complex investment vehicles, multiple investment strategies, and tiered fund structures.
We are excited that our portfolio accounting platforms, APX and Geneva, are consistently acknowledged as the best in the industry. The latest advancements of our cornerstone products mark a significant milestone in the evolution of our offerings. As industry leaders, we pride ourselves on our ability to continuously innovate and work alongside our clients, providing purpose-built, scalable solutions tailored to the dynamic needs of the global marketplace
Karen Geiger, senior vice president and co-general manager, SS&C Advent
The solution
Both APX and Geneva offer firms best-of-breed accounting solutions designed specifically for the buy side. APX is designed to help investment managers follow regulatory and client mandates, ensuring regulatory compliance. To address scalability and flexibility for investment managers, APX and its accounting engine are now part of the Genesis Platform, offering users a unified investment experience. For alternative investment managers, Geneva is designed to handle complex fund structures, supporting asset class and strategy diversification. To address the growth in private credit, Geneva offers new workflows and investor accounting requirements.
Secret sauce
APX simplifies operations with centralized 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, including processing derivative and credit instruments, is the heart of the Geneva platform.
Recent milestones
To address scalability, interoperability and flexibility, SS&C Advent added APX as the accounting functionality to its Genesis Platform, providing a unified platform experience. Recent enhancements to Geneva include constructing and implementing bespoke fee structures for complex, open-ended funds with Investor Fee Builder, automating workflows to generate cash reporting for collateralized loan obligations (CLOs), and adding the ability to specify a non-par price on bank debt credit activity.
Future objectives
Over the next 12 months, SS&C Advent will continue to focus on its collaboration with its clients and internal teams across product groups within its wealth and investment technologies. It is investing in innovation around modernization and scalability, mobility and accessibility, interoperability across its various solutions, and operational workflows.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: https://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Awards & Rankings
Asia Awards 2026 winner’s interview—Bloomberg
Bloomberg’s Mike Googe and Vincent Ong discuss the firm’s Best TCA solution win
IMD/IRD Awards 2026 winner’s interview—SIX
An interview with Yogita Mehta, commercial product director, corporate actions, SIX.
IMD/IRD Awards 2026 winner’s interview—FINBOURNE Technology
FINBOURNE Technology’s implementation of LUSID leads to Best enterprise data management initiative win.
Best private markets data provider—MSCI
MSCI’s Private Capital Transparency standardises manager‑reported and independent private‑asset data, linking private and public markets.
Most innovative market data project/initiative—firmfact
Firmfact automates market‑data contracts, invoices and entitlements for banks and asset managers. Its AI reads documents, matches invoices line‑by‑line and verifies licences with minimal keying.
Best market data newcomer (vendor or product)—Octaura
Octaura’s Insights Platform is an integrated market intelligence and analytics offering purpose-built for the leveraged loan market.
Best market data provider (broker)—Fenics Market Data & Analytics
FMD’s Broker Data service draws on BGC Group’s global brokerage operations to provide pricing, trade and order-flow information across FX, rates, fixed income, commodities and derivatives.
Best evaluated pricing service provider/vendor—Infront
Infront Quant supplies independent, cross‑asset valuations with a “white‑box approach”, offering level 1 and 2 transparency.
