Download - Ascent Escrow
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Understanding the Automation needs oReal Estate Escrow Trust Account Managem
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• Property Details
• Stakeholder details
• Project Progress Status
• Project Payment Status
• Current Repayments status
• Current defaults
• Account Reconciliations
• Unit leel !"nership details
• Unit leel cash #o"s
• $ntity leel cash #o"s
•
%ank !"nership Cash #o"s
• %ank !"nership $&posures
• Property 'ncome and e&pense (anagement
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Challenges in Structured *inancing in Property De
Bank
ProjectStatus
Suppliers,ontractors
Properties
+
!o clarit" of currentstatus #
$uge %&erhead of manualreconciliations #
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Challenges in Structured *inancing in Property *ina
,
Multitude of Stakeholders
• Di-cult to track and maintain details and relationships of stakeholders atarious leels
,
ash 'ows and Reconciliation
• Di-cult to aggregate and manage cash #o"s from di.erent leels and trackdefaults
,
(i&erse )inancing Structures
• Di-culty in organi/ing 0nancing payment structures for di.erent types ofcontracts
,
Restructuring of E*isting
Projects• Di-culty in incorporating ne" stakeholders and accommodating ne"
0nancing structures
%wnership + EndunitsManagement
• Di-culty in tracking receia2les and e&penses of properties and its numerous$nd3units
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• Ascent $scro" Pro(art- is a comprehensie "e2 2ased escro" mana
soft"are5 aligned "ith the am2itions and ision of R$RA 6 A$RA5 its a-
%anks5 Property Deelopers and releant Stakeholders
• 't automates the manual processes of Trust Account Creation and ma
along "ith direct and #e&i2le reporting to keep a strong check and 2a
'ndustry
• $nd3to3end %anking $scro" Account (anagement system
• (onitors and manages all transactions5 multiple stakeholders5 cash #reconciliations
• (aintains all the end units and entities
• Supports all types of cash #o"s like leasing5 rentals5 free hold etc,5
Solutions to address Challenges in $scro" Account(anagement
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Process #o" for$scro" accountmanagement
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Process #o" for $scro" account management
•Project is created capturingre9uired information like deeloper5project details
•:arious registered entitiesrelationships and the contractualagreements5 !. plan units5Actiities are created and assignedto the Project
•Project can 2e sae for furtherinformation capture
•
(aker creates the project andChecker approes
Draft ProjectCreation
•A$RA approes the Project and$scro" account in created andassigned to the Project
•A$RA approal supportingdocuments are attached to theproject
•(aker updates the $scro"account5 Retention Acct5 su23accounts and supporting doc andChecker con0rms and su2mit theproject
Projectpending A$RA
Approal •Project isactiity c•(aker3Cadd6upd"hen ne
•Project sdisputedchecker
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$scro" Account (anagement
Receia2les(anagement
• (aintain unit leelcustomer5 0nancing
details5 paymentschedule5 do"npayments for all theentities till the end units
• Track incomingpa"ments at e&er"unit and defaults atarious leels
) Project Progresand Payment
• Create track ProjProgress5
corresponding Paymplans
• (ark completions anrelease payments
• (ake changes andupdates as re9uired the project and paymplans
4
ConsolidatedStatements
Reports• :ie" dash2oard andstatements to track allincoming and outgoingcash #o"s
•
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Account and Stakeholders Setup
Property Development Property ManagementOverview HigEscrow Account Management
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Account andStakeholders Setup
• Create stakeholders like(aster deelopers5
deelopers5 projects52uildings5 units
• reate Accountstructure,appropriatehierarchies
• Add details and releantdocuments for allentities
1
© Ascent Technology Consulting
Receia2les (anagement
Project Progresand Payment
• Create track ProjProgress5
corresponding Paymplans• (ark completions an
release payments• (ake changes and
updates as re9uired the project and paymplans
4
ConsolidatedStatements
Reports• :ie" dash2oard andstatements to track allincoming and outgoingcash #o"s
•
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Receia2les (anagement
Property Development Property ManagementOverview HigEscrow Account Management
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Account andStakeholders Setup
• Create stakeholders like(aster deelopers5
deelopers5 projects52uildings5 units
• reate Accountstructure,appropriatehierarchies
• Add details and releantdocuments for allentities
1
Project Progress and Payment
Receia2les(anagement
• (aintain unit leelcustomer5 0nancing
details5 paymentschedule5 do"npayments for all theentities till the end units
• Track incomingpa"ments at e&er"unit and defaults atarious leels
)
ConsolidatedStatements
Reports• :ie" dash2oard andstatements to track allincoming and outgoingcash #o"s
•
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© Ascent Technology Consulting
Project Progress and Payment
Property Development Property ManagementOverview HigEscrow Account Management
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© Ascent Technology Consulting
Consolidated Statements
Receia2les(anagement
• (aintain unit leelcustomer5 0nancing
details5 paymentschedule5 do"npayments for all theentities till the end units
• Track incomingpa"ments at e&er"unit and defaults atarious leels
) Project Progresand Payment
• Create track ProjProgress5
corresponding Paymplans• (ark completions an
release payments• (ake changes and
updates as re9uired the project and paymplans
4
Alerts5 User(anagement
• Create appropriate(aker Checkers tofacilitate eerytransaction
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© Ascent Technology Consulting
Consolidated Statements
Property Development Property ManagementOverview HigEscrow Account Management
P t D l t P t M tO i HiE A t M t
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Account andStakeholders Setup
• Create stakeholders like(aster deelopers5
deelopers5 projects52uildings5 units• reate Account
structure,appropriatehierarchies
• Add details and releantdocuments for allentities
1
© Ascent Technology Consulting
Alerts5 User (anagement
Receia2les(anagement
• (aintain unit leelcustomer5 0nancingdetails5 paymentschedule5 do"npayments for all theentities till the end units
• Track incomingpa"ments at e&er"unit and defaults atarious leels
) Project Progresand Payment
• Create track ProjProgress5
corresponding Paymplans• (ark completions an
release payments• (ake changes and
updates as re9uired the project and paymplans
4
ConsolidatedStatements
Reports• :ie" dash2oard andstatements to track allincoming and outgoingcash #o"s
•
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© Ascent Technology Consulting
Alerts5 User (anagement
Property Development Property ManagementOverview HigEscrow Account Management
Property Development Property ManagementOverview HigEscrow Account Management
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System Demo
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Bogin Screen
S D
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System Demo
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Dash2oard
S t D
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System Demo
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Project Admin Detail
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System Demo
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Project Admin Detail
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System Demo
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Project 3 Payments
System Demo
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System Demo
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Project 3 Payments