SS&C Technologies announced that SS&C Advent has been named “Best Accounting System Provider” for its Geneva^®portfolio management solution in the 2016 Waters Rankings. The award was presented yesterday during the Waters Rankings luncheon at The Metropolitan Club in New York.

The Waters Rankings awards, now in its 14^th year, recognizes the leading technologies and vendors nominated in Waters Technology's only awards program where the category winners are determined exclusively by reader votes.

Victor Anderson, Editor-in-Chief of Waters and WatersTechnology, said, “The standard in this year's Waters Rankings has been incredibly high with a record number of entries. And for the second straight year, Waters' readers have recognized SS&C Advent’s Geneva offering as the industry's finest fund accounting platform, underlining its broad buy-side appeal, outstanding functionality, unrivaled track record, and its versatility." 

Selected as “Best Accounting System Provider”, SS&C Advent’s Geneva was praised for its ability to support multiple currencies, transactions, instruments, and fund structures. The system’s investment book of record (IBOR) functionality uses a single source of data across the firm allowing for better-informed decisions with real-time portfolio and position data. Geneva’s open architecture seamlessly partners with external systems to increase the reliability and depth of accessibility of data. Given the market’s ever increasing regulatory pressures, Geneva helps firms comply with local, regional, and global regulations that demand robust data management, workflow management, and reporting.

“We are honored that SS&C Advent has been recognized once again in this year’s Waters Rankings as Best Accounting System Provider for our Geneva solution,” said Robert Roley, SVP and Co-General Manager, SS&C Advent. “This win is an important testament to our continued investment in Geneva’s technology and functionality to better support market needs and regulations. The feedback we receive from our client base, many of who are Waters’ readers, is tremendously important in making sure our offerings have the advanced features and functionality required to compete in today’s environment.”