AV integrates with BILL to offer seamless automation of accounts payable
Asset Vantage is excited to announce its integration with BILL (formerly known as Bill.com), a leading cloud-based accounts payable (AP) solution. The integration automates and streamlines the AP processes and eliminates the need for manual payments, check writing and data entry, enabling users to manage their finances more efficiently.
With this integration, Asset Vantage clients can easily transfer their AP data from BILL to AV, where the transactional data is automatically categorized into the appropriate general ledger and entity with minimal manual intervention. This eliminates the need for time-consuming and error-prone manual data entry. Our clients use BILL to streamline their payment workflows, which includes approval flow processes and electronic payment options.
“We have brought Bill in to tighten up AP loose ends. It adds layers of security to AP, enforces review and approval workflows, limits access to bank accounts, and provides an audit trail. These things can’t happen if you’re using paper checks or sharing bank account credentials,” says Chirag Nanavati, MD at Asset Vantage.
The integration of AV and BILL offers clients the convenience of tracking transactions and monitoring account activity, while also ensuring the utmost security for their financial data. With multi-factor authentication and personal account information masking, BILL takes every precaution to safeguard sensitive client information.
Asset Vantage is committed to delivering top-notch financial management tools to our family office and ultra-high-net-worth (UNHW) clientele. AV’s integration with BILL is a prime example of our ongoing commitment to expanding our suite of products and services. By leveraging the API integration between BILL and AV, our clients can access all their financial data in one place, providing a single source of truth for real-time, on-demand financial data. This enables family offices and accounting firms to streamline their financial processes and achieve peace of mind.
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