WINDSOR, Conn., Oct. 26, 2016 /CNW/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced the global release of SS&C Advent's 2016 product enhancements for Geneva®, Advent Portfolio Exchange® (APX), Moxy®, Advent Rules Manager®, Advent Revenue Center®, and Tradex. The core suite of products is used by nearly 4000 locally deployed and outsourced customers.
To enhance reporting, connectivity, and integration benefits, the latest release focused on improved data insights, enhanced usability and workflows, and broadened accounting functionality.
"Our 2016 release is loaded with features to help our clients be more efficient," said Robert Roley, Managing Director and Co-General Manager of SS&C Advent. "We worked side-by-side with our clients in developing the new functionality and integrations announced today. The team focused on collaboration with peers throughout the greater SS&C organization to standardize integration to best-in-class solutions."
The 16.2 release introduces the Geneva Enterprise Information Store, the real-time accounting data store for enhanced real-time reporting. New and enhanced accounting features include support for Delivery versus Payment (DVP) cash transfers, withholding on CISCA distributions, and additional PIK settlement options. Additionally, there is enhanced accrual and pricing options for swap instruments, and support for a "no delayed compensation" option to address LSTA's new delayed compensation regime. Further enhancing private equity and hybrid fund capabilities, Geneva World Investor includes custom reporting views, expanded asset based fee calculations, and reporting.
Advent Portfolio Exchange (APX)
Upgrades to APX include data management tools with improvements relating to withholding tax, benchmarks, and pricing. Clients will also benefit from continued investment in optimizing workflows for more efficient access to critical portfolio, contact, and security reference information.
Advent Revenue Center
Firms leveraging SS&C's fee calculation and revenue management software will benefit from new payment workflow features including the ability to import receivables and link them to invoices.
Moxy and Advent Rules Manager
Expanded capabilities for Moxy and Advent Rules Manager include a new user interface, connectivity to SS&C FIXLink and SS&C MarketTrader, and regulatory coverage for the SEC tick size pilot program. The most popular feature, requested by the more than 800 Moxy and Advent Rules Manager clients on the Advent Community, enables firms to run compliance checks against calculated multi-agency average credit ratings.
The 16.2 release is empowering users to find the data they need with 'drag and drop' capabilities and enhanced fund rebalancing. Additionally, clients now have support for the new EU data privacy legislation, stronger internal encryption, and more audit trails.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software for the global financial services industry. Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world. Some 10,000 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services.
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For further information: Patrick Pedonti | Chief Financial Officer, SS&C Technologies, Tel: +1-860-298-4738 | E-mail: InvestorRelations@sscinc.com; Justine Stone | Investor, Relations, SS&C Technologies, Tel: +1- 212-367-4705 | E-mail: InvestorRelations@sscinc.com; Randi Haney | PAN Communications (US), Tel: 617-502-4328 | E-mail: firstname.lastname@example.org, http://www.ssctech.com