Public Sector and Social Care

FOR BUSINESS

Public Sector and Social Care

We help local governments, social care providers and housing associations better manage monies on behalf of vulnerable and unbanked communities.

Talk to us about our solutions

How we help public sector and social care providers

  • Full traceability in tracking the movement of all transactions
  • Apply restrictions on expenditure types and who has access to an account
  • Speed up and simplify opening of people, trustee and guardianship accounts
  • Care providers given a single, real time view of cash across all accounts
  • Greater visibility of transactions and balances
  • Remove complexity of managing multiple bank accounts
  • Connectivity to government, social care and housing association systems
  • Ease burden of producing annual reports for the Office of the Public Guardian

Helping vulnerable people with the Cashfac care accounts platform

Aging populations, increasing rates of dependency, higher numbers of individuals suffering from debilitating conditions such as dementia are all placing governments under greater pressure around the provision of care services. Governments, social care providers and other associations that support vulnerable segments of society need more robust solutions for managing individuals’ cash.

Our care accounts platform provides full traceability in tracking the movement of all transactions through someone’s bank account and ensures consistent control through restrictions that can be applied to different expenditure types and those who have access to an account. It speeds up and simplifies the opening of people’s accounts, trustee accounts and guardianship accounts, which can be done in real time. Care service providers are given a single, real time view of cash across all service user accounts. The platform provides greater visibility of transactions and balances and the complexity of managing multiple bank accounts is eliminated.

Connectivity to local government, social care provider and housing association primary systems allows expertise and information to be easily shared in a cost-effective manner, reducing the need for manual intervention. The platform also eases the burden of producing annual reports for the Office of the Public Guardian (OPG).

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