Escrow & Trust Account Management Software Suite

An automated escrow ecosystem for real estate, owner association, commercial escrow, and insurance escrow management.

AutoEscrow Escrow & Trust Account Management Software Suite

Ascent AutoEscrow© is a fully automated Escrow & Trust Account Management Software Suite for banks and NBFC’s. The suite has predefined modules to cater to regulations of RERA, CBUAE Insurance Escrow bearing no. CBUAE/BSD/N/2022/4775, Mollak, and also configurable to meet any organization specific requirements. AutoEscrow has four important modules:

• Real Estate (Off-Plan Unit Real Estate Management) Escrow
• Owners Association Escrow
• Commercial (Trust and Retention Account) Escrow
• Insurance Escrow (CBUAE Insurance Escrow-CBUAE/BIS/2023/575)

Benefits

Complete Automation of Business Operations

Ascent’s AutoESCROW offers complete automation of business operations like account onboarding, automated receivable categorization, real time payements [one time, auto-debit, and bulk upload], budget management, which reduces errors, and accelerates processing times by enhancing security and transparency.

Compliance with Central Regulated Policies

Our escrow trust account management software operates within the legal framework and meets the necessary regulatory requirements.

Complete Financial Control

AutoEscrow allows banks to shift cash flow control from borrowers to Escrow /TRA Agents, providing complete financial control, ensuring that funds are properly managed, monitored, and disbursed in accordance with agreed-upon terms.

Better Liquidity Management

AutoEscrow enables businesses to optimize their cash flow by providing a centralized platform for managing and disbursing funds, improving financial forecasting, and enhancing cash position management.

KRI Dashboard Offers Business Intelligence

By displaying key risk indicators and other relevant metrics, helping businesses to make informed decisions and improve their risk management strategies.

Product Features

AutoEscrow offers simplified advanced features which enables financial institutions to manage cross currency transactions across the globe for deposits and payments in manual and automated processes.

• Customizable Fund Deposit
• Expense Budget and Payments
• Real-time Transaction Status
• Robust Authentication Process
• Escrow Entities
• Unit and Off-plan Structure
• Escrow and Sub Account Management
• Configurable Authorization Workflows
• Regulatory Compliant