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Asset Vantage Review
What is 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.
Show MoreOverview of Asset Vantage Benefits
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.
Show MoreOverview of Asset Vantage Features
- Financial data aggregation
- Portfolio performance
- General ledger
- Document management systems
- Bank feeds
- Market feeds
Awards & Quality Certificates
Asset Vantage Position In Our Categories
Knowing that companies have their own business needs, it is only wise that they avoid settling on a one-size-fits-all, ideal software. Having said that, it is troublesome to stumble on such a software system even among widely used software solutions. The best step to undertake is to take note of the various vital aspects which necessitate research including major features, plans, skill competence of staff members, organizational size, etc. Thereafter, you should conduct your research fully. Read some Asset Vantage evaluations and scrutinize each of the software systems in your list more closely. Such detailed research ensures you circumvent mismatched apps and buy the one that delivers all the features your business requires.
Position of Asset Vantage in our main categories:
It's crucial to note that virtually no app in the Financial Reporting Software category is a perfect solution able to fulfill all the requirements of all business types, sizes and industries. It may be a good idea to read a few Asset Vantage Financial Reporting Software reviews first as certain solutions might perform well exclusively in a very narrow set of applications or be prepared with a very specific type of industry in mind. Others might function with a goal of being simple and intuitive and therefore lack advanced functionalities welcomed by more experienced users. You can also find apps that support a broad group of customers and provide a rich feature set, but this frequently comes at a more expensive cost of such a software. Make sure you're aware of your needs so that you choose a software that provides all the elements you look for.
How Much Does Asset Vantage Cost?
Asset Vantage Pricing Plans:
Free Trial
Single Family Offices
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Multi Family Offices
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Accounting Firms
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What are Asset Vantage pricing details?
Asset Vantage Pricing Plans:
Free Trial
Single Family Offices
Contact vendor
Multi Family Offices
Contact vendor
Accounting Firms
Contact vendor
Asset Vantage offers three enterprise pricing packages that are dependent on the size and nature of your organization. The cost of each package varies for single-family offices, multi-family offices, and accounting firms. Contact Asset Vantage for a quote on these packages.
A paid trial is available at $499/month.
User Satisfaction
Positive Social Media Mentions
21
Negative Social Media Mentions
0
We know that when you decide to get a Financial Reporting Software it’s vital not only to find out how experts score it in their reviews, but also to discover whether the real people and businesses that purchased it are genuinely content with the service. That’s why we’ve devised our behavior-based Customer Satisfaction Algorithm™ that collects customer reviews, comments and Asset Vantage reviews across a broad array of social media sites. The data is then featured in an easy to understand form indicating how many clients had positive and negative experience with Asset Vantage. With that information at hand you should be equipped to make an informed purchasing decision that you won’t regret.
Video
Technical details
Devices Supported
- Windows
- Android
- iPhone/iPad
- Mac
- Web-based
Deployment
- Cloud Hosted
Language Support
- English
Pricing Model
- Quote-based
Customer Types
- Small Business
- Large Enterprises
- Medium Business
What Support Does This Vendor Offer?
- phone
- live support
- training
- tickets
What integrations are available for Asset Vantage?
Asset Vantage supports integration with various software and systems. For information, you can get in touch with Asset Vantage.
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