How to Increase Productivity Using Advent Axys

by davidnewmark1

A graduate of Pennsylvania State University, David Newmark is a partner, CFO and COO of Chapwood Capital, LLC. His responsibilities include voting in new funds as part of a select handful of board members, performing due diligence on underlying platform funds and prospective funds, and carrying out risk control compliance measures. David Newmark wields expertise in software such as Quickbooks and Advent Axys.

Billed as the industry’s leading portfolio-management application, Advent Axys helps accountants and investment managers keep tabs on their firm’s financial operations, such as transactions. While the software might prove intimidating for new users, several key features stand out from the crowd.

Clients often demand reports tailored to their funds and resources. Advent Axys provides portfolio reporting tools to meet that demand head-on. One such tool is Report Writer Pro. Through RWP, investment managers can generate reports that are ad-hoc and fully customizable. These reports simplify the process of answering questions concerning end-of-quarter numbers.

Advent Axys includes several automated features. Automation reduces time spent tweaking tasks manually and, most importantly, cuts back on operating risk by reducing the potential for user error. New users should spend time browsing the software’s accounting and performance tools, concentrating on areas ripe for automation, such as reporting services and reconciliation.