Get in touch
Get in touch

Q1 Results

Revenue for Q1 was up 12% on last year, and cash in the bank at the end of the quarter increased about 20%. Recurring revenues were up 18% and implementation fees were also up 18%.

Our global settlement ledger for insurers is now processing payments and the project is moving into a second phase. Insurance is an important market for Cashfac and we are looking to build on the success that we achieved in 2012.

UK local governments are signing up with the banks at an increasing rate for the use of Cashfac technology especially in care services.
The Implementation Services team continues its strong performance in delivery. The Managed Services teams in Livingston and Melbourne are successfully operating an uninterrupted service performing as a single unit so that we are able to offer a 24 hour continuous cash management platform for large customers.

Cashfac continues to have a strong cash position and the outlook is positive.

You might also like

Avoid a Tactical Trap: Why Buying a One-Industry Banking Solution Will Cost You

News & Blog

Avoid a Tactical Trap: Why Buying a One-Industry Banking Solution Will Cost You

We help banks achieve their deposit strategies and sustain customer retention through multi-industry specialization on one platform.

Read more

US Banks Adopting VAM solutions
Winning the War for Deposits and Client Retention: The Rise of Virtual Account Management in the US 

Videos

Winning the War for Deposits and Client Retention: The Rise of Virtual Account Management in the US 

In this webinar we explore how VAM is helping US banks grow deposits and strengthen customer relationships. Winning new deposits while developing sustainable customer relationships

Read more

Cashfac Named #1 in Datos Insights’ 2025 Virtual Account Management Matrix

News & Blog

Cashfac Named #1 in Datos Insights’ 2025 Virtual Account Management Matrix

Leading advisory firm ranks Cashfac highest for client service, product features, client satisfaction, and implementation success.

Read more