ADVANCED INSTITUTIONAL <AIMS> CUTS WORKFORCE Advanced Institutional Management Software Inc said it has cut its workforce to 53 from 74 and closed its Atlanta office to cut expenses and improve profitability. The company said it is also in the process of reducing its office space in four of its six offices nationwide. Advanced also said it has named executive vice president Steven B. Sheppard chief operating officer. The company said president and chief executive officer Morris Moliver had been chief operating officer as well.