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

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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