Fidusys Online: Trust Management
The environment in which professional trustees operate has changed beyond recognition over recent years. Laws, regulations, insurers, clients and best practice all require much more from trustees in terms of their behaviour and methods of working.
Whilst trustee support systems have improved over recent years, the changes have largely involved adding different pieces to existing administration platforms. The current environment demands a different approach and a new starting point.
Fidusys Online is a purpose-built online trust management system for fiduciaries that is fit for the future. The trust management system will interface with existing trust administration systems, extracting and making use of key information in a user-defined information and control dashboard. Users have a clear view of everything they want to see, both the wood and the trees.
Created by trust industry and systems professionals, Fidusys Online is built on distinct trust business principles, using an approach that requires and delivers user definition and flexibility.
Features
Trustee/director decision management - with online meeting support.
Consistent, comprehensive and reviewable fiduciary decision-making process.- Coordinate and monitor all decision-making easily, whether made in meetings or remotely.
- See relevant rules, risks and guidelines at the point of decision-making.
- Review every fiduciary decision ever taken, the information it was based upon and the dialogue around the decision.
Flexible risk rating.
- Design and manage any risk levels.
- Automatic risk rating, with manual override.
- Mandatory comprehensive coverage of all entities.
- Configurable regulatory risk review.
- Integrates risk rating into day to day management.
- Immediately access full risk history.
- Monitor follow up.
User configured take on, initial, periodic and regulatory reviews with full and accessible review history.
- Create and manage any review content.
- Create asset specific review data.
- Coordinate reviews with risk ratings.
- Create and manage key risks.
- Immediately access all past reviews.
Management overview portal (decisions, reviews, major client risks, all tasks, AML compliance).
- Status of everything.
- Detail of anything; simply drill down.
- Comment on any task, decision or review.
Comprehensive documentation management (resolutions, minutes, emails, supporting papers).
- Access all relevant information immediately.
- Full version control.
- Manage emails effectively.
Automated KYC/CDD compliance monitoring support.
- Set any compliance requirements for any role.
- Any authorised user can see at a glance whether all required information has been provided.
- View individuals behind corporate bodies at any level.
- Fully linked compliance status for any change at any level.
- Automated notifications on data changes.
- Automated status change facility.
- Compliance status of roles linked to decisions.
- Brings compliance into the business as a live business management function.
Automated internal compliance/business risk Handrails and monitoring.
- Recognise and bring key risks front of mind.
- Record rules and risks by person, role, entity, asset or asset type.
- Incorporate key risks in decision-making automatically.
- Monitor any information for changes.
Automated filing by any required categorisation of all trust management information (data, documents, email).
- Create any categories.
- Categories can be different for different entities.
- Automated filing.
- Find what is needed.
Automated comprehensive filing of all resolutions/minutes and supporting documents.
- Automated filing.
- Displayed and accessed on demand.
Automated interactive charts.
- Automatic structure charts.
- Explore all connections by entity or person and view potential conflicts on automatic role charts.
- Overview and drill down into all relationships.
Supports trust management in any one or more jurisdictions.
- Design what is wanted.
- Set access rights by entity, object or field.
- Allocate access rights to users.
- Display only what is needed to anyone, anywhere.
- Change easily when required.
Supports any type and complexity of entity and structure.
- User-designed templates.
- Changed as required by authorised users.
- Manage client and in-house entities on the same system.
Support any type of role for any person, legal or living, at any level of complexity in any ownership or control hierarchy.
- Design roles.
- Connect and view roles on entities and persons.
- At any level.
Supports any complexity of user-defined fields structure of any field type.
- Text, date, document, table.
- Complete flexibility to create and report against what is required.
Supports any complexity of trust management reporting.
- Gather reports on any data, without the constraint of needing the developer to write bespoke reports.
- Drill down instantly for complete transparency on all actions.
Delivered with an integrated 2-way interface designed for automated integration with any external system.
- Integrates with most trust administration systems.
- Integrates with other systems to provide central management and control.
- Extract and view key data.
Web enabled user-friendly portable user experience.
- Provide secure and immediate online access to any part of the system to anyone, whether settlor, beneficiary or adviser as required, when required.
- Completely portable, Fidusys Online can be accessed from smart phones and tablets.
- Online access and work methodology combine to create many new strategic and operational opportunities for development and differentiation.
Consistent, meaningful, customisable nomenclature.
- System labels mean you choose the terminology in the system.
- And work your own way.
Full search across all data.
- The entire database can be searched with results displayed instantly in a Google-like way.