Advent Software Inc., a provider of software and solutions for the global investment management industry, announced that Fulcrum Group has implemented Geneva, its portfolio management and fund accounting solution.
Established in Bermuda in 1995, Fulcrum Group is a global fund administrator with offices in New York, London, Canada, Ireland, the Cayman Islands and India.
As part of its overall full service offering and expansion strategy, Fulcrum migrated its accounting platform to Geneva 7.0, a portfolio management system designed to support complex global investment strategies. With comprehensive instrument coverage, multi-currency capabilities and profit and loss (P&L) reporting at the security level, Geneva enables Fulcrum to stay reconciled on a daily basis and to offer a wider range of services to its clients.
"Fulcrum's strategic initiative to provide full service administration was the primary driver behind our selection of Geneva for our accounting platform," said Chris Mulhern, Chief Operating Officer, Fulcrum Group. "As we grow and extend our business, Geneva's leadership position will benefit not only our overall service offering, but our business development and marketing. There are key components that will help us achieve our goal of being the gold standard administrator -- our global presence, our operating model, our approach to staffing and definitely our use of Geneva."