Cashfac Virtual Bank Technology
Cashfac Virtual Bank Technology (VBT) is a packaged, rules-driven Software as a Service (SAAS) technology that automates complex cash operations
Wherever there is a complex operation involving the management of other peoples’ money, Cashfac is needed.
This is where VBT’s penny-precision, compliance and price-performance are unmatched. No other available technology provides this level of specialist cash management service. Cash operations is a big cost and big operational risk area in these markets which have high volumes of payments and receipts and large cash balances. In these markets, precision accounting is needed for large numbers of end-customers – such as Corporate Banking and Wealth Management clients, trading and execution counter-parties, Master Trusts and commercial landlords.
We support online transparency down to individual transaction and customer account level; fast opening of thousands of client accounts, high volume data exchange with banks; simultaneous high-volume data exchange with our clients’ operational systems; real time credit control; continuous compliance with complex client money rules requiring segregation and reconciliation; transaction traceability from origin through initiation, payment via individual client accounts and interest apportionment.
Our digital cash lifecycle
Transform your operational cash management capabilities
The Cashfac digital cash lifecycle allows you to easily manage enterprise-wide cash reconciliation and control from one platform.
The Cashfac digital cash lifecycle allows you to easily manage enterprise-wide cash reconciliation and control from one platform.
System to system upload
User access through the browser, API, batch file, upload
Invoices, orders, deals and demands
Import business data into the platform to fully automate payments and receipt management
Value dated forward cash
Unique ability to view future cashflows and automate expected receipts
Credit control
Fully configurable real-time credit control to enhance your client service and better manage risk
Settlement
Automatic check of payment instruction rules in the system
Integration with banks
Payment enabled virtual accounts
External reconciliation
Fully automated downstream and upstream system integration and with your bank
Clearing
Cashfac and bank protocols talk through system
Internal reconciliation
Fully automated internal reconciliation based on double entry principles
Reconciliation to bank
Reconcile and clear settled forward cash records, post receipts to account controls
End to end integration
Integration with Accounting systems and Trial Balance generation
Automating and Streamlining Complex Cash Operations
- Fast opening of thousands of client accounts
- Routing hundreds of thousands of incoming funds
- Making hundreds of thousands of payments from client accounts to settle investment orders
- Paying private pensions
- Paying service suppliers in property maintenance and care homes
- Paying net rents to landlords and segregating service charges
The Value We Deliver
Smart Compliance for Client Money
Operational Intelligence
Efficiency through automation
Marketplace Differentiation
Treasury, Liquidity & Capital Optimisation
Smart Compliance for Client Money
Tried-and-tested client money solution that delivers true control confidence
Operational Intelligence
Transformed management oversight and granular transparency over current and future cash movements
Efficiency through automation
Efficiencies generate cash for reinvestment in the business
Decommissioning of manual processes & consolidation of legacy platforms significantly reduces the total cost of ownership
Typical project payback period is under 12 months
Marketplace Differentiation
We enable our clients to grow their business and retain clients by providing a more competitive offering to their clients
Client self-service platform that empowers them to control their money
Automated account opening, flexible account hierarchy management and faster access to funds by clients
Brings digital to the back-office allowing almost unlimited scalability in cash management operations
Treasury, Liquidity & Capital Optimisation
In an era of rising interest rates and quantitative tightening we enable our client to maximise yield enhancement and dynamically manage their money in one place
Ability to maximise yield enhancement on client and firm funds through real-time client and pooled accounts
Optimise capital usage by eliminating the need for client account top-ups with firm funds
WHY WE'RE DIFFERENT
Cashfac’s unique Operational Cash SaaS Platform
Cashfac is configured for the digital age – providing cloud and open banking ready tools that provide agility, flexibility and scalability
Cloud deployed with open source technologies
Our cloud capabilities ensure fast efficient deployment, and enables real-time data. We use Open source technologies such as Kubernetes and RabbitMQ to enable rapid scalability
Advanced integration
Our advanced integration includes 2-way APIs for integrating with user’s existing business and accounting. We have API-connected UX, offering custom-built UX for end customer self-service source technologies
Multi-banking and multi entity
M&A and organic growth across regions means firms need agility, multi banking and ease of bank switching. Cashfac provides critical multi-entity capability and bespoke UX by entity
High volume payments
Cashfac can execute all payment types. Payments are initiated by integrated customer systems or authorised customer clerical processes
Fast delivery with rules driven configuration
Low-touch delivery in under 2-6 months. Cashfac is a rules-driven extensible platform where sector-specific rules are pre-configured. The rules can be tailored to specific client needs and the solution can be operated on client’s cloud / servers
End-customer self service infrastructure
We offer seamless, real-time customer self-service and connectivity. Resilience, technical convergence and message queuing is key to our end-customer self-service infrastructure
Cashflow forecast and predictive reconciliation
Cashfac’s forward cash architecture projects the forward cash flows and clears down the transactions as settled. Forward transactions and balances are automatically reconciled to maximise operational efficiencies
Open Banking ready
Cashfac provides an Open Banking API and model mobile cash management app (Software Development Kit available by arrangement)
Cashfac is configured for the digital age – providing cloud and open banking ready tools that provide agility, flexibility and scalability
Cloud deployed with open source technologies
Our cloud capabilities ensure fast efficient deployment, and enables real-time data. We use Open source technologies such as Kubernetes and RabbitMQ to enable rapid scalability
Advanced integration
Our advanced integration includes 2-way APIs for integrating with user’s existing business and accounting. We have API-connected UX, offering custom-built UX for end customer self-service source technologies
Multi-banking and multi entity
M&A and organic growth across regions means firms need agility, multi banking and ease of bank switching. Cashfac provides critical multi-entity capability and bespoke UX by entity
High volume payments
Cashfac can execute all payment types. Payments are initiated by integrated customer systems or authorised customer clerical processes
Fast delivery with rules driven configuration
Low-touch delivery in under 2-6 months. Cashfac is a rules-driven extensible platform where sector-specific rules are pre-configured. The rules can be tailored to specific client needs and the solution can be operated on client’s cloud / servers
End-customer self service infrastructure
We offer seamless, real-time customer self-service and connectivity. Resilience, technical convergence and message queuing is key to our end-customer self-service infrastructure
Cashflow forecast and predictive reconciliation
Cashfac’s forward cash architecture projects the forward cash flows and clears down the transactions as settled. Forward transactions and balances are automatically reconciled to maximise operational efficiencies
Open Banking ready
Cashfac provides an Open Banking API and model mobile cash management app (Software Development Kit available by arrangement)
Talk to us today
To find out more about how Cashfac's capabilities can help your business, get in touch with our helpful team