Cashfac PLC: Company Market Research Report
Company Overview
- Name: Cashfac PLC
- Mission of the Company: To provide seamless solutions for customers, helping them manage their money and the money of their customers with high levels of transparency, control, and compliance.
- Founded: No information is available.
- Founder: No information is available.
- Key People:
- Paul Ormrod: Founder & Executive Vice Chairman
- Jeremy Marchant: Chief Commercial Officer
- Helena McInally: Company Secretary and Director of Corporate Services
- Kevin Stewart: Director of Product Development
- Tiffany Stockton: Implementation Programme Director
- Lee Cottrill: Director of Operations
- Teresa van Rooyen: Director of Quality Assurance
- John Ferguson: Chief Risk Officer
- Headquarters: No information is available.
- Number of Employees: No information is available.
- Revenue: No information is available.
- Known For: Cashfac is known for its operational cash management solution, Virtual Bank Technology (VBT), which is the world's most deployed Virtual Account Management (VAM) solution.
Products
Cashfac offers a digital cash and banking platform that helps organizations manage operational cash, automate payments through to settlement, and improve the overall user experience:
- Virtual Bank Technology (VBT):
- Description: White-labelled and delivered through major banks, it provides a complete operational cash management solution tailored to meet the exact requirements of different industry sectors.
- Key Features:
- Cloud deployed with open source technologies
- Advanced integration capabilities
- Multi-banking and multi-entity support
- High volume payments handling
- Self-service customer infrastructure
- Comprehensive cashflow forecast and predictive reconciliation
- Interest Rate Management:
- Key Features: Interest due calculation on virtual accounts, allowing businesses to manage cash on behalf of others and earn interest at a pooled account level.
- Payment Automation:
- Key Features: Automation of payments initiation, pre-payment digital payment path controls, secure and compliant payment platform.
- Automated Receivables Management:
- Key Features: Fully automated management and control of cash receipts, providing real-time visibility across the payment lifecycle.
- Self-Service Account Management:
- Key Features: Self-service management of virtual accounts for instant opening and transacting.
Recent Developments
- New Products Launched: Launch of a new self-service escrow solution in partnership with Customers Bank, enhancing customer experience for real estate and legal services clientele.
- New Features: Cashfac continues to integrate advanced features such as multi-currency cash management and enhanced interest rate management across its platform.
- Partnerships:
- Strategic business alliance with Sterling National Bank for the expansion of escrow account origination and servicing capabilities.
- Collaboration with Customers Bank to introduce a self-service escrow solution aimed at revolutionizing customer experience.
Note: Additional data such as the company's founding date, exact location of the headquarters, number of employees, and revenue are not available from the provided sources.
