Case Study: a commercial property and real estate firm achieves greater control and transparency in cash management with Cashfac

Commercial property and real estate firm achieves greater control and transparency across cash management operations with Cashfac

The customer, a commercial property and real estate company, faced significant challenges managing hundreds of real bank accounts, which led to inefficient administration and onerous manual reconciliation of cash receipts. They needed a solution to automate their cash management processes and bridge the gap between their cash and ledger systems while ensuring compliance with RICS regulations.

The company implemented the Roybank virtual bank solution, built on Cashfac technology, through their banking partner. Cashfac automated the processing of rent and service charge payments and provided advanced reconciliation capabilities. This greatly reduced manual processing, improved operational efficiency, and gave the firm greater visibility of fund flows and enhanced regulatory compliance.