Case Study: Stralem and Company cuts billing time in half with SS&C Advent Revenue Center

Stralem and Company - Customer Case Study

Stralem and Company, a Manhattan-based asset manager overseeing $3 billion in US large-cap equities, faced a cumbersome quarter-end invoicing process that required custom executables, Excel-to-Word merges and extensive manual work that took over a week to complete. Seeking a streamlined, integrated approach, Stralem implemented Advent Portfolio Exchange (APX) and Advent Revenue Center from SS&C Advent.

SS&C Advent’s Revenue Center, integrated with APX, automated billing with customizable client rules and eliminated the offline workarounds, cutting Stralem’s billing cycle from roughly a week to about two days. The solution reduced manual invoicing to just two out of more than 400 invoices, sped data transfer from APX to billing to minutes, and improved accuracy — random compliance recalculations found no errors.

Stralem and Company

Leeza Tisnovsky

Controller