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Asset Vantage

Name: Asset Vantage
Rating: 4.5 (2 reviews)

By Asset Vantage

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Highlights : About Asset Vantage

Financial data aggregation

Portfolio performance

Document management systems

About Asset Vantage

Asset Vantage is a financial reporting software that was developed especially for family offices, accounting firms, and wealth custodians. Built to provide a consolidated view of a family’s net worth, Asset Vantage is equipped with various management features. One such feature is Asset Vantage’s data management service, which aims to provide a single platform for data aggregation and other accounting activities such as data audits. The data is then used to power the platform and offer users insightful reports on investments, GL, and financial performance, among others. Bookkeeping is also made easy by the platform’s IFRS and GAAP compliance. Through these features, Asset Vantage seeks to provide all the tools necessary in managing family office operations and helping CPAs focus on what the portfolio implies about the future of their clients.

Specifications

Business Size

Small

Customization

Yes

Deployments

Cloud

Language Support

English

Platforms

Product Details

Features

Financial data aggregation

Portfolio performance

Document management systems

Integrated General Ledger

Partnership Accounting

Check Writing

iOS/Android Mobile App

Data Security & Privacy

Document Vault

Bank feeds

Market feeds

Benifits

Comprehensive Reporting

The first and perhaps the most notable benefit of Asset Vantage is its comprehensive reporting abilities. With the data in the platform, Asset Vantage is capable of producing and providing reconciliation data, investment analytics, investment performance, and general ledger reporting, among others. This ability to produce comprehensive performance reports is advantageous for family offices and CPAs as users will not have to wait until the end of the quarter to determine how losses can be prevented and how gains can be achieved. Instead, users can utilize the real-time reports of Asset Vantage to inform financial and future decisions.

Extensive Data Management

Other than comprehensive reports, Asset Vantage is also equipped with the ability to handle all sorts of data relevant to the client’s portfolio. Users can input assets, liabilities, income, expenses, and even documents, among others. Multiple asset classes, entities, and groups, as well as multi-currency investments, can be handled by Asset Vantage. The result is a single-platform enterprise solution for accounting that offers the ability to handle the entirety of a client’s net worth without the need for any additional systems to handle various assets and currencies. Furthermore, Asset Vantage is also equipped with document management systems that seek to eliminate tedious paperwork and reduce problematic errors.

Custodian, Bank, and Market Data Feeds

To accomplish real-time reporting and consistent data management, Asset Vantage utilizes custodian, bank, and market data feeds. Aside from reducing the manual effort of inputting crucial data for accounting processes, the benefit of this feature is that it eliminates the need for other systems to achieve the same results. This includes spreadsheets and other programs that are normally used to manage a client’s financial life.

Privacy and Security

Given the sensitive nature of the data that Asset Vantage handles to operate effectively, the platform’s final benefit is the privacy and security that it offers. Beyond the permissions that users can set for each family office member, Asset Vantage utilizes Amazon’s Web Services. This means that all data is hosted on a Virtual Private Server to ensure the privacy of the family office, their custodians, and their clients. Moreover, the developers of Asset Vantage ensure that no data in the platform are duplicated or copied with the users’ knowledge and permission. Users can also create backups to a secure location through the platform.

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