Providing solicitors with solutions designed for complying with regulation
There are four regulators for solicitors across the jurisdictions of the UK and Ireland – the Solicitors Regulation Authority for England and Wales and the Law Societies for Scotland, Northern Ireland and Ireland. These regulators have in essence the same rules for the protection of client money, requiring solicitors to segregate, reconcile and protect cash held in trust for clients.
Operating in real time, our solution connects with firm’s bank accounts, which is designated for client money management and protection, and virtualises it into as many virtual bank accounts as the firm needs for each client, trust, estate or escrow event. The solution provides a structured client managed account environment which is bank and systems interactive and integrated with electronic bank account management to enable straight through processing of receipts and payments.
For more information, contact the team to discuss your requirements or request a demonstration.
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To find out more about how Cashfac's solutions can help your business, get in touch with our helpful team