Flanks vs Bill

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Flanks

Advisors

Flanks is a WealthTech company redefining the industry through data-led insights and automation. Its modular, all-in-one platform empowers financial institutions — including private banks, family offices, asset managers, pension plan providers, and technology firms — to deliver faster, high-quality, and hyper-personalised advisory services.

BILL

Accounting

Bill (NYSE: BILL) is a leading provider of cloud-based software that simplifies, digitizes and automates complex back-office financial operations for small and midsize businesses (SMB). Our tailored offering for wealth management firms supporting high-net-worth clients, enables firms to shift from a cumbersome andtime-intensive approach to an automated and secure bill payment process.

Employees

100-500

Revenue

Founded

2019

Incorporated

Locations

Barcelona
Madrid
Paris

Top 5 Markets

France
Spain
United Kingdom
Sweden
Brazil

Total AUM

39B

Avg. AUM per client

Ownership

Owned by management

500+

$157 million (2020)

2006

Public company (NYSE: BILL)

United States of America

San Jose, California & Houston, Texas (USA)

United States of America

Client

Focus

Banks

Secondary focus

Banks
Brokerages
Custodians
Exchange platforms
Fund managers
Individual wealth owners
Investment & Financial Advisors (RIAs/IFAs)
Multi-family offices
Pension Plan Providers
Single family offices
Software and technology providers

Multi-family offices
Single-family offices
Independent financial advisors
Registered investment advisors

Individual wealth owners
Banks

More than 110k small and mid-sized segments
More than 2.5 million network members

Product

Main Tasks

Advisors
Artificial Intelligence
Compliance
Data
Data Aggregation
Portfolio Management
Reporting
Security & Risk

Top features

Ability to Whitelabel
AI Powered
Consolidated View
Custom Reports
Data Ingestion
Full Multi-Currency Support

Assets supported

Alternatives
Art & Collectibles
Bankable or Financial Assets & Fund
Cash & Equivalents
Commodities
Cryptocurrency
Developing Markets Fixed Income
Digital Assets & Crypto Currency
Lifestyle Assets & Rare Collectibles
Equities
Direct Private Equity
Real Estate
Hedge Funds
Gold & Precious Metals
Private Debt
Insurance
Private Equity
Fixed Income
Private Equity & Direct Investments
REITS
Venture Capital
Residential
Private Equity Funds
Real Estate

Compliance

Whitelabel

Yes

Accounting
Data aggregation
Consolidated reporting

Efficient AP/AR end-to-end workflows
Multiple payment options (e.g., check, ACH, wires, virtual card)
Advanced, customizable approval workflows
Automatic sync with key accounting systems
Intelligent virtual assistant eliminates data entry
Unlimited online document storage
Easy audit-ready trails
Online and mobile access
Robust reporting options
In-product live chat
Simple onboarding and fast setup

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Technology

Type of Software

SAAS

Ecosystem

Integrations

We are prepared to integrate with our client systems

Mobile App

SaaS

2-factor authentication & single-sign-on (SSO)
SOC 1 and SOC 2 attested
Encrypted using Transport Layer Security (TLS)
Protection against check fraud using automated Positive Pay service
Partners with a PCI certified vendor for credit card payments
More information here

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General ledger (automated sync): QuickBooks, Xero, Sage Intacct, NetSuite, Microsoft GP/BC
CRM: Salesforce, Proposify
Spend/expense management: Divvy, Expensify, Tallie, ReceiptBank
Document storage: Hubdoc
Mailing: Earth Class Mail
Project management: WorkflowMax
Tax 1099