San Francisco-based Advent released Advent Revenue Center, a billing and revenue management tool. The solution enables asset management organizations to streamline multiple billing structures that are tailored to the needs of individual clients in order to eliminate redundant manual work and minimize errors, the company says.
Built on SQL and .NET technology, the product utilizes a rules-based architecture to automate billing processes. Advent Revenue Center also provides reporting features, including full audit-trail capabilities. Further, it builds business intelligence that enables investment managers to manage their revenue streams more effectively, according to Advent.
"Advent revenue Center is robust enough to handle our complex requirements, it's easy to use, it integrates seamlessly with our [Advent Portfolio Exchange] portfolio management system and it can support our firm's future growth," said Cathy Sawyer, executive director at Sterling Capital, in a release.