Advent Software, Inc. ADVS 0.00% , a leading provider of software and services for the global investment management industry, today announced that Granite Springs Asset Management LLC has selected Advent Portfolio Exchange (APX) through Advent OnDemand for portfolio management and reporting.

Through Software as a Service (SaaS) delivery model, Advent OnDemand offers Granite Springs the value of APX on a fully outsourced basis, bringing together key functions including portfolio accounting, customer relationship management (CRM), client reporting and communications, with minimal IT and operational responsibility.

Established in May 2009, Granite Springs Asset Management LLC is an independent registered investment advisory firm that specialises in fixed-income portfolio management and tactical asset allocation ETF (exchange traded fund) strategies for private clients, family offices, foundations, endowments, pension plans and other institutional investors. After reviewing several options for outsourced portfolio management, Granite Springs chose Advent OnDemand(R) because the cloud-based service delivered the integrated, reliable and cost-effective solution they were looking for.

With Advent OnDemand, Granite Springs can streamline processes and improve accuracy across the firm's operations, at lower total cost of ownership than traditional, locally installed software deployments. Advent's remote access capabilities offer additional value to Granite Springs by enabling managers to access critical data and resources they needed from anywhere.

"Advent is the market leader for good reason," says Patrick Smith (pictured), CEO at Granite Springs Asset Management LLC. "We have no question that Advent OnDemand is the best solution for our growing firm and found that there are no comparable solutions that integrate real scalability, flexibility, remote access, and operating strength in a single cost-effective package with great customer support. We are very excited about working with Advent as we grow."

"Our solutions are designed with our clients' business objectives and success in mind. An important aspect of that is offering choice in deployment options and building flexibility into products," says Michael Lobosco, Director, Advent OnDemand(R) at Advent Software. "Advent OnDemand offers clients the benefits of an industry leading solution with the convenience, cost-savings and flexibility associated with SaaS solutions. For clients like Granite Springs, this means they can continue to focus their resources on delivering returns for their clients."