Business Area

WealthWorks+ Feature

Entity Management

Contact records with full address, email and contact information
Comprehensive managed and non-managed entity records
Easy to update records with instant save and refresh of data
Full CRM database of entity relationships and contacts
Contact directory feature with filters allows easy access to information
Expandable relationship tree view of contacts and entities
Registers for all types of entity management
Relationship and associated register views
Jurisdictional field labels for local user requirements
Onboarding processes for different entity types
Entity organisational charts generated automatically
Dashboards for entity management
Entity categorisation and classification fields
Bulk assign and cessation process for key register types
Bulk address change processing

Compliance and Risk

Detailed compliance records with in-system alerts
Scheduled verification of compliance items that need to be checked on variable frequency
Configurable entity based compliance templates or individual compliance requirement
Compliance failure reporting and dashboards
Source of Funds and Source of Wealth recording and tracking
Automated link to external Sanction Screening services
AEOI Administration data for FATCA
AEOI Administration for OECD CRS reporting
US Identity records for US Individuals including tracking W-8Ben and W-9 form tracking
XML and XLS output of all AEOI data to assist with automatic submission
Risk Assessment and risk level caculations based on weighted responses
Risk level analysis and reporting

Company Secretarial

Statutory record keeping for company structures
Statutory record keeping for trusts, foundations, partnerships and other structures
Full history of corporate changes and share activity
Detailed member ledgers and share registers
Share registers include allotments, forfeitures, redemptions and transfers
Multiple share class records with share capital, and share issue records
Manage share calls, fully-paid, part-paid and No Par Value shares
Reverse reporting of ‘shares held’ with calculations for Substantial Interests, % directly and indirectly owned
Tailorable share certificate production
Merge share certificates into single holdings feature
Statutory form generation for many offshore financial centres (including Malaysia, Hong Kong, Singapore and Labuan)
Minute and resolutions generated from standard templates
Meeting Management and attendee record keeping
Beneficial Ownership and Controller registers
Safe custody register for recording details and movements of important documents
Central address library with full history of start and end dates
Addresses are entered once, and applied to each entity/contact
Share buyback scheme processing
Allotments for employee share options

Practice Management

Document generation based on document templates
Document store for uploaded and generated documents
Data Approval system for key registers and records
Dashboards for management and statistical reporting
Alerts system including key entity dates, compliance items and tasks due for completion
User tasks management and reporting
Re-occurring tasks
Activities for key milestone tracking
Organiser access with calendar

Client Accounting

Multiple Chart of Accounts applied to each entity from central library
Currency processing and historic/closing balance rules
Flexible ‘sub-funded’ accounting and nominal account records
User defined accounting periods with the ability to have multiple periods open at the same time
Period end processing
Multi-currency nominal ledgers
Full foreign currency double entry accounting
Automatic recalculation of Trial Balances and drill down from nominals to transactions
Automatic calculation of realised and unrealised gain/loss on foreign currency
Banking journals transactions and nominal ledger transaction types (payments, receipts, interest etc)
Multi-currency journals
Transaction import for payments and cash imports from CSV file format
Submit UK VAT to HMRC VAT MTD service from digital record-keeping
Dashboards for Assets and Funds under management with drill downs to holdings
Dashboards for Trial Balance summaries across any groups of entities

Investment Accounting

Investment library with configuration for specific investment types.
Investment ledgers with ledger classification and reporting
Pre-defined default nominal ledgers for each investment type
Transaction types for investment purchase, sale, income and ledger adjustments
Reverse portfolio investment holding analysis and reporting
Portfolio valuation records with full history of pricing
Automated datafeed for investment pricing, exchange rates and dividends
Investment holding analysis with categorisation by sector, geographical and other segmentation

Asset and Liability Ledgers

Asset and Liability ledger maintenance
Multi-currency asset and liability ledger cost and book cost processing
Transaction types for asset purchase, sale, income and ledger adjustments
Transaction types for liability settlement, payment and adjustments
Asset database library with standard asset type templates for additional data fields

Time, Fees and Billing

Timesheet entry with calendar style drag and drop Work in Progress
Flexible time entry options
Multi-manager timesheet approval and management feature
Chargeable, Non-chargeable and Office activity recording
Multiple charge out levels and fee structures
Multi-currency fees structure by staff level, business unit or staff member
WIP exports to Excel, PDF and reporting
Multiple billing entity profiles
Invoice and credit note generation

Core System

Global search to quickly find contacts, entities, investments and other records
Feature to create and save ‘filtered’ lists of entities to apply to lists, dashboards and reports
Contact Security model to ensure users only access defined groups of entities and contacts
Easy to navigate, and intuitive User Interface
Changes made to the user interface are remembered by user/device
Data displayed as tables with column sorts, customisation and column filters
Outputs to PDF, Excel and Copy to clipboard
Fully customisable user defined fields
End-user report designer
Full audit records for all changes

System Administration

User administration and account management
Optional Microsoft Entra ID authentication and integration
Contact security group configuration and maintenance
Optional 2 Factor Authentication for secure logins
Role-based access levels
Granular user permissions with view, add, edit and delete attributes on each
System configuration and label customisation

Support

Integrated user support widget with immediate access to FAQs, tutorial videos and logging issues
Customer support portal access with self-service issue tracking
Training packages
Data migration services