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For local government Cashfac provides solutions specifically designed to control the management of cash for vulnerable and unbanked communities. It reduces the administrative burden of setting up and managing large numbers of service user bank accounts.
Cashfac automates all cash flows transferring the administration of a public sector organization’s main account into thousands of virtual accounts, which can be opened and activated instantly.
Bringing together all deputyship, appointeeship and guardianship accounts, Cashfac Care Accounts provides a single, real time picture of the assets held across all Service User Accounts.
Cashfac provides greater insight into payments and real-time balances across all accounts and removes the need to manually reconcile accounts.