OUT-OF-BOX ESCROW MANAGEMENT
WITH COMPLETE REGULATORY
COMPLIANCE
Complete Financial Control – Shifting cashflow control from borrowers to Escrow/TRA Agent
Compliance to Central Regulated Policies
Better Customer Service – Quicker TATs
Complete Automation of business Operations
Enforced Restriction on Accounts – No diversion of funds
Better Liquidity Management
Centralized system – Integrated with multiple bank entities
REAL ESTATE MADE REAL EASY
Experience ease in financial operations with Ascent Promart® Escrow that automates the end-to-end process of Escrow / Trust Account Management by giving a configurable solution, a solution that not only adheres to regulatory compliance, but helps increase ROI.
PROMART© ESCROW MANAGEMENT LIFECYCLE
Customer
Setup
Setup
Counter Party
Setup
Setup
Deal creation/
Initiation
Initiation
Appending Accounts/
Beneficiaries
Beneficiaries
Deal based Rules
Standing
Instructions
Instructions
Dashboard
Custom Reports
Masters
Setup
Setup
Configurable
Authorization Matrix
Authorization Matrix
Fixed
Deposits
Deposits
Real time
Payments
Payments
PROMART© ESCROW RERA LIFE CYCLE
Developer
Onboard
Onboard
Project Onboard/
Off Plan Unit
Off Plan Unit
Fees configuration/
Beneficiary Setup
Beneficiary Setup
Link Projects
to Developers
to Developers
Owner Onboarding/
Sell Unit/
Link Units to Owner
Sell Unit/
Link Units to Owner
Owner Payment
Plan Setup
Plan Setup
Regulation Authority
Compliance
RERA / RAK / AD / SAMA
Compliance
RERA / RAK / AD / SAMA
Dashboard
Reports
Developer/
Customer Portal
Customer Portal
Real Time
Payments
Payments
Deposits
Classification
Classification
