Our Escrow Management Software provides a sophisticated and streamlined solution for managing escrow agreements effectively and securely. Designed specifically for B2B transactions, it allows businesses to manage underlying assets such as licenses, source codes, properties, and fiduciary accounts seamlessly. The software acts as a trusted intermediary that holds assets until predefined conditions are met, giving businesses peace of mind throughout the transaction process. With advanced features like deal creation and maintenance, configurable rules, a built-in rule engine for standing instructions, and safe custody of assets, our software adapts to your unique business requirements. Additionally, clients can easily access their contracts and deals without hassle. The software also enables non-financial transactions ensuring compliance with regulations, including RERA accounts management for real estate developers. By utilizing this software, businesses can enhance their operational efficiency, ensure legal compliance, and foster customer trust in escrow arrangements.
Key Features
| Features | Description |
|---|---|
| Deal Creation and Maintenance | Record detailed agreements with clients and map associated accounts. |
| Configurable Deal-Based Rules | Define rights and privileges according to business requirements. |
| Rule Engine and Standing Instructions | Set up automatic fund distributions and batch executions through NEFT. |
| Safe Custody of Assets | Securely hold source codes and fiduciary assets until conditions are met. |
| Customer Access | Allow clients to view contracts and deals easily through a user-friendly interface. |
| Non-Financial Transactions | Enable submissions of RERA and PPA certifications via customer access. |
| Communication Features | Integrated emailing, SMS notifications, and advisory services. |
| Attributes | Description |
|---|---|
| Software Type | Escrow Management Software |
| Target Users | Banks, Builders, Real Estate Companies |
| Key Functionality | Management of Escrow Accounts and Assets |
| Regulatory Compliance | Supports RERA compliance for real estate projects |
| Deployment Type | Cloud-based or On-Premises |
| Security Features | Data encryption and access control measures |
| Integration | Compatible with core banking systems and third-party applications |
Key Words
*Disclaimer: This above description has been AI generated and has not been audited or verified for accuracy. It is recommended to verify product details independently before making any purchasing decisions.
Country of Origin: India
Escrow is an arrangement whereby the underlying Asset/Security such as License, ,Source Code, Properties, Fiduciary Assets etc. is delivered to a third party (called an escrow agent) to be held in trust pending a contingency or the fulfillment of a condition or conditions in contract as agreed to between the parties.
Escrow is also used for RERA accounts between Banks and Builders for Housing Projects. Builders can enter into agreement with the Bankers to maintain their RERA accounts as per norms which would be adhered to, and the bank would release funds progressively across various builder’s expense accounts as per arrangement.
The underlying Asset/Security is retained by the Escrow Agent until the accomplishment of the Objective for which the Escrow arrangement was created.
Escrow Features:
