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Automated Owners Association Escrow Management

Streamline the management of Owners association escrow accounts, reduce the risk of errors, save time and resources, and improve compliance with regulatory requirements.

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Overview

Owner Association Escrow Management Solution

The Solution helps banks to automate owner association escrow Management and improve operational efficiency by automating account setup & management, real-time regulatory reports (RERA, & Mollak), budgeting, and receivable categorization. It integrates with accounting, compliance monitoring, Mollak, CBS, and other banking & regulatory systems.

  • Monitoring and Managing Risk
  • Automated processes
  • KRI Dashboards
  • Better customer experience
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Featured Clients

Featured Capabilities

01

Financial Control

Get full visibility and control over the funds held by owners association escrow. Minimize the risk of error, fraud or other financial irregularities.

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02

Regulatory Compliance

We offer predefined modules to cater to regulations specific to owners association escrow and are also configurable to meet specific requirements.

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03

Operational Efficiency

Automate collection, tracking, and disbursement and get insightful reports. Streamline the entire owners association escrow management operations, increase efficiency, and reduce costs.

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Client Case Study

A Leading Islamic Bank Achieves Escrow Automation

Manual processes were not only inefficient, but were leading to huge fines imposed by RERA due to manual errors in reporting.

Hear what our great customers say

Our clients' words of praise and appreciation inspire us to continue providing the best possible solutions and help us to build a stronger relationship with our clients.

“Very Professional Approach”

I really appreciate the Ascent team’s ability to understand the problem and provide a solution. They are highly responsive.

Prateek Sinha

Vice President, Head of BCM

Mashreq Bank

“Impressed with Team's expertise”

We are thoroughly impressed with the domain knowledge and technical expertise displayed by the Ascent team.

Suresh Kuppusamy

Senior Risk Officer

Aafaq Islamic Finance, PSC

“Really supportive throughout the process”

Thanks for helping us with achieving another milestone. You've always gone above & beyond to deliver the requirements.

Suresh Sivasankaran

AGM, Crisis Resilience & Standards

HCL Technologies

“Fantastic work by the team”

Thank you all. Fantastic work. Much appreciated

Bakkianathan Muthuswami

Senior Manager – Business Resilience

AstraZeneca

Hear what our great customers say

Our clients' words of praise and appreciation inspire us to continue providing the best possible solutions and help us to build a stronger relationship with our clients.

“Very Professional Approach”

I really appreciate the Ascent team’s ability to understand the problem and provide a solution. They are highly responsive.

Prateek Sinha

Vice President, Head of BCM

Mashreq Bank

“Impressed with Team's expertise”

We are thoroughly impressed with the domain knowledge and technical expertise displayed by the Ascent team.

Suresh Kuppusamy

Senior Risk Officer

Aafaq Islamic Finance, PSC

“Really supportive throughout the process”

Thanks for helping us with achieving another milestone. You've always gone above & beyond to deliver the requirements.

Suresh Sivasankaran

AGM, Crisis Resilience & Standards

HCL Technologies

“Fantastic work by the team”

Thank you all. Fantastic work. Much appreciated

Bakkianathan Muthuswami

Senior Manager – Business Resilience

AstraZeneca

Featured Product

Escrow & Trust Account
Management Software Suite

Ascent's AutoEscrow© software is an all-in-one solution for automating Escrow and Trust Account management for banks and NBFC’s. With predefined modules for RERA, CBUAE, Insurance Escrow, Mollak, and configurability for bespoke requirements, it streamlines processes and reduces errors.

It includes features like automated account setup, payment processing, regulatory reports, account reconciliation, and more.

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