Case Study: Heartland Advisors achieves 50% faster quarterly reporting and 90% faster billing with SS&C Advent (Advent Portfolio Exchange & Revenue Center)

Heartland Advisors - Customer Case Study

Heartland Advisors, a value-focused asset manager, had long relied on SS&C Advent’s Axys but hit integration limits as its systems needed to exchange data more efficiently. The firm also faced a largely manual, slow billing process that delayed collections. To address these challenges, Heartland chose SS&C Advent solutions, including Advent Portfolio Exchange (APX) and Advent Revenue Center.

SS&C Advent implemented APX as an enterprise platform linking front and back offices with customizable dashboards and CRM, and deployed Advent Revenue Center for invoicing and receivables. The result: quarterly reporting now starts within three days with 75% of reports delivered within seven days (cutting reporting time roughly in half), billing time improved by about 90%, and most receivables are collected within 30 days, along with smoother integration to systems like Charles River and Salesforce.

Heartland Advisors

Nicole Best

Senior Vice President and CFO