# Bill pay automation for wealth management firms

If you serve ultra-high-net-worth families, you understand that unique needs demand a higher level of service. Our secure, transparent, easy-to-manage bill pay solution helps single family offices, multi-family offices, RIAs, wealth management firms, and accounting firms exceed client expectations.

## How BILL meets UHNW client needs

High-net-worth families expect personalized service from partners they trust. Yet many of the people who manage complex day-to-day finances for these clients still rely on outdated or inflexible bill pay solutions—even spreadsheets and paper checks. Bill pay from BILL expands your capabilities, helping you meet UHNW client needs:

- **Top-notch security:** To reduce fraud risk and protect privacy
- **Transparency and accountability:** See where everything goes and set up detailed approval rules
- **Multi-entity support:** Manage multiple households, businesses, and individuals from one place
- **Efficient processes:** Save time with AI-powered autofill, automated processes, and alerts
- **Flexibility:** Work with any bank and easily conduct international transactions

### Single family office

Elevate security and service—ditch paper checks

Balance control, flexibility, and automation

### Wealth management firms, RIAs, and Multi-family offices

Build stronger client relationships by adding bill pay to wealth management services

Ensure regulatory compliance with clear user roles and permissions

### Accounting firms with private client practice

Improve internal efficiency

Expand range of services and scale your revenue

## Resources and case studies

Mark Cuban Companies manages 100 entities with one AP clerk using BILL Accounts Payable and BILL Spend & Expense.

## Frequently asked questions

**Is BILL secure for managing sensitive client financial data?**  
Yes. BILL is highly secure for managing sensitive client financial data. We prioritize advanced security features to protect your information at every step. BILL employs multi-layered security, including encryption, secure data centers with full redundancy, and strict compliance with AICPA SOC 2 and PCI standards.

**Do my clients have to work with a specific bank?**  
No. Get the freedom and flexibility to serve your clients more efficiently and in a way that works for you and your clients.

**Why should we add bill pay to our current set of solutions?**  
Adding bill pay is a great way to deepen your financial relationship with your clients. Understand how they spend to inform your guidance while providing a highly valued service.

**Are there compliance or SEC considerations for a wealth management firm offering bill pay?**  
RIAs offering bill payment must comply with the SEC Custody Rule that mandates investment firms have certain best practices in place if they also have custody of clients' funds, as they do when offering bill pay.