Insurance

FOR BUSINESS

Insurance

We work with insurance companies to enable the management of cash flows and provide a level of segregation typically provided by bank accounts and spreadsheets.

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Helping Insurance Companies with the management and segragation of cash

Insurance firms are able to reduce the administrative burden of setting up and managing large numbers of bank accounts, and instead, can leverage a virtual account structure to create a central reconciled view of company-wide cash. The virtual account structure replaces spreadsheets used to segregate and view transactions and balances at any level of granularity required. For example, rather than an underwriter’s agency maintaining a bank account for every client arrangement, our solution allows a single real account per legal entity and then utilises virtual accounts at the Binder level and Carrier RE Binder level.

The solution tracks and controls the two-way flows of premiums and claims. It segregates the funds flow and automatically segregates, calculates and reconciles client money ensuring that the management of cash is in line with client money regulations.

For more information, contact the team to discuss your requirements or request a demonstration.

OUR SOLUTIONS

From banks and non-banking financial institutions to property management firms and government departments, our solutions help hundreds of organisations improve the productivity, visibility, automation and regulatory compliance of their cash management operations.

Cash Flow Forecasting

Our cash flow forecasting solution helps business owners to forecast and revise their cash flow on a daily and intraday basis.

Client Money Management and Compliance

Our client money (CASS) solution offers a full suite of accounting, banking, reconciliation and reporting functionality.

In-house banking

Our in-house banking solutions help businesses to centrally control cash operations across multiple banks and regions without the need for a banking license.

Interest Rate Management

Our virtual accounts platform allows businesses to calculate interest due on their virtual account independently of their real bank account

Liquidity Management

Cashfac’s liquidity management solution works with your existing accounting/ERP, treasury management and back-office systems.

Multi-bank

Our Virtual Accounts platform is a multi-bank cash management solution. It is designed to provide centralised visibility and control of all banking operations.

Order-to-Cash

Cashfac works with your existing systems to help shorten your business’s order-to-cash (O2C or OTC) timeline.

Payments

As an FCA authorised PIS (Payment Initiation Service) provider, our virtual accounts platform allows businesses to initiate payments straight from our platform.

Talk to us today

To find out more about how Cashfac's solutions can help your business, get in touch with our helpful team

Or call us on

+44 (0)20 7920 0617

Talk to us today