Insolvency Management

FOR BUSINESS

Insolvency Management

We help Insolvency Managers reduce the administrative burden of setting up and managing large numbers of insolvency case accounts.

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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.

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