American Express Tax and Business Services of New York Selects Advent Software for Automating Investment Partnership Accounting Operation.

SAN FRANCISCO--(BUSINESS WIRE)--Dec. 23, 1998--Advent Software (NASDAQ:ADVS) announced today that American Express Tax and Business Services of New York Inc. (TBS/NY; successor to the non-attest practice of Goldstein Golub Kessler & Company, P.C.) has selected Advent Partner(TM) to automate the firm's investment partnership accounting practice.

According to Aaron Goldberg, a managing director of American Express Tax and Business Services of New York Inc., "Using Advent Partner will enable TBS/NY to streamline its investment partnership accounting processes. This will increase our efficiency and will also result in a uniform reporting template."

Investment partnership accounting is one of the most intricate processes of investment partnership management. "With Advent Partner's familiar Windows interface, our accountants are all on the same page and can easily track each other's work if necessary. Advent also employs the latest technology to meet our needs for managing allocations, including the aggregate method, as well as tax layering, producing K-1s, and tax testing," said Goldberg. "Defining factors in the final decision included Advent's thorough understanding of partnership accounting, their seasoned and experienced development process and their vision for the future of our industry."

When informed that Advent had passed the tough testing procedures employed by TBS/NY, Stephane Dubois, vice president of product marketing for Advent said, "This marks another major win for us. The licensing of the Advent Office suite of products by an industry leading firm as prestigious as American Express Tax and Business Services of New York Inc. further validates the quality of products and services Advent delivers."

American Express Tax and Business Services -- a subsidiary of the American Express Company -- is one of the fastest growing business tax and consulting firms in the United States, with 55 offices in 19 states. TBS is the 10th-largest accounting firm in the country, according to Bowman's Accounting Report. Financial and business services include tax planning and accounting, small business advisory services and business technology consulting.

The Advent Office software suite consists of Axys(TM), the industry-standard portfolio management system; Qube(R), a client relationship management solution; Moxy(R), the most widely used intra-day order management solution; Advent Warehouse(TM), an industry-first investment warehouse management solution; Advent Partner(TM), a partnership accounting solution; Rex(TM), the first Internet-based automated reconciliation solution, and Advent Browser Reporting(TM), the first Internet-based portfolio, performance and analytic reporting solution.

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.

Editor's Note: For more information or to license Advent Software products, readers can contact Advent Software, 301 Brannan Street, San Francisco, CA 94107; phone [phone], or visit Advent's Web site at http://www.advent.com.

Advent Software, Inc., Axys, Qube, Moxy, Advent Warehouse, Advent Partner, Rex and Advent Browser Reporting are trademarks or registered trademarks of Advent Software. All other products or services mentioned herein are trademarks or registered trademarks of their respective companies.