Accountancy

FOR BUSINESS

Accountancy

We offer accountancy firms a secure platform for the management, physical separation and protection of client money while adhering to compliance expectations.

Talk to us about our solutions

Helping Accountants protect and segragate client money more efficiently

Accountancy practices in the UK and Ireland are regulated by the five CCAB Institutes – Institute of Chartered Accountants in England and Wales (ICAEW), Association of Certified Chartered Accountants (ACCA), The Chartered Institute of Public Finance and Accountancy (CIPFA), Institute of Chartered Accountants in Scotland (ICAS) and Chartered Accountants Ireland (CAI).

Regulation governed by these bodies for the protection of client money are very similar, requiring segregation of client money from firm money in separately designated bank accounts with regular reconciliations to protect cash held in trust for clients.

Our solution connects to the practice’s existing client money designated bank account and virtualises it into as many virtual bank accounts needed for each client. The system gives full flexibility with account naming to ensure you can meet the requirements of regulation and best practice.

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