Helping insolvency practitioners streamline and automate manual tasks
Under the provisions of the UK’s Insolvency Act 1986, the Secretary of State for Business, Innovation and Skills appoints Recognised Professional Bodies (RPBs) to authorise and regulate their members as Insolvency Practitioners (IPs) in England, Wales and Scotland. Similar arrangements are in place for Northern Ireland under the Authority of the Local Assembly there. These bodies ensure that Insolvency Practitioners adhere to the rules governing the management of Insolvency cases.
Our platform eliminates complexities in onboarding new case accounts, enabling immediate processing of payments and a reduction in time taken to return client assets following the insolvency of a firm or individual.
The solution reduces the need for manual processing and by instantly bringing together case records, payments, reconciliations and receipts it provides a single, realtime picture of the assets held across all insolvency case bank accounts.
For more information, contact the team to discuss your requirements or request a demonstration.