Advent Software Introduces The First Enterprise Investment Management (EIM) Solution.

NEW YORK--(BUSINESS WIRE)--May 19, 1998--Advent Software (NASDAQ:ADVS) today introduced Advent Office, the most extensive and integrated suite of applications and services for automating the investment management process. For the first time, enterprise-size investment management organizations can choose to implement a comprehensive solution instead of having to integrated standalone applications on their own.

Advent Office was the next logical step for Advent since it has offered integrated applications for several years. The introduction of Advent Office brings integration to a new level with Advent Warehouse -- the industry's first data warehouse solution (see additional release) -- and the release of Qube 3.0 -- the revolutionary version of Advent's client relationship management solution.

"Today, most enterprise money management firms are still faced with the daunting task of integrating standalone systems internally," said Peter Caswell, president and chief operating officer of Advent Software. "The result is a complex patchwork of poorly integrated systems connected by manual activities that people call Islands of Automation. Firms no longer want to invest in integrating these systems. Advent is the first provider to offer integration without the expense and aggravation of having to do it manually.

"In addition, money management is a very information intensive business. Advent Warehouse enables institutions to integrate information for decision-support purposes beyond the boundaries of Advent Applications. This is a key requirement of most large, enterprise-size money management organizations."

The introduction of Advent Office enables institutions not only to achieve unprecedented levels of business integration, but also to choose to re-engineer their operations around the growing needs of their clients. "Most institutions are investment-centric instead of being client-centric," added Caswell. "They are structured along rigid and arbitrary boundaries, most often imposed by their systems and processes. Nowhere can they capture and manage the true, holistic view of their clients and their investments."

"Qube 3.0 is the first client relationship management solution to truly capture the multi-dimensional nature of the investment management business," explained Caswell. "Client relationship management will completely transform the way money management organizations think about their business."

The following components make up Advent Office, a flexible, Windows-based solution:

-- Axys, the industry-standard portfolio management and accounting solution

-- Qube, a revolutionary client relationship management solution

-- Moxy, the most widely used intra-day trade order management solution

-- Advent Warehouse, the world's first investment management data warehouse solution

-- Advent Partner, a time-saving partnership accounting and tax layering solution

-- Rex, the industry's first Internet-based automated reconciliation solution

Advent clients can choose and combine the components of Advent Office to provide the necessary client services without having to buy all components at one time. Additional components can be added at any time. This makes Advent Office the best solution especially for large or growing firms.

"Advent solutions fit the needs of any size money management organization," said Caswell. "Advent Office allows clients to pick which components are important and add additional elements as the business grows. Advent Office also integrates with existing solutions such as trust accounting systems and brokerage back-office systems. That's because each component is engineered to integrate seamlessly with every other component of the suite."

Advent enhanced several other components of Advent Office:

-- Axys Release 3 (introduced in April) now offers powerful fixed income capabilities such as the ability to process complex coupon rates and put schedules for variable rate securities.

-- Moxy now helps large investment management organizations enforce compliance restrictions by securing and controlling access to portfolio information throughout the key steps of the order management workflow.

-- Advent Partner now offers added flexibility by supporting the aggregate method of accounting, one of the two methods approved by the Internal Revenue Service.

-- Rex now has more than 35 custodian organizations signed up for participation.

"Advent Office was designed to help enterprise investment management firms focus on their clients," explained Caswell. "We provide a complete integrated environment, including decision-support, critical accounting and straight-through processing functions, and client relationship management. Advent Office helps our clients concentrate on managing money and servicing their clients, rather than making the technology work."

Advent Software Inc. is a leading provider of enterprise investment management solutions. The company provides a suite of complementary products for the front, middle and back offices of investment management organizations. The company's common stock is traded on the NASDAQ National Market under the symbol ADVS. -0-

Editor's Note: For more information on Advent Office, readers can contact Gayle Sullivan, Advent Software, 301 Brannan Street, San Francisco, CA 94107; phone [phone]. Visit Advent's Web site at http://www.advent.com

CONTACT: Austin Lawrence Group

Anne Albanese/Caitlin McConoughey

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