The challenge

Offshore trust business is at a key inflexion point where embracing technology is key to business health. Your margins are being squeezed from the increasing demands of regulators and your clients as well as your competition. Clients are demanding more personal service, reduced costs and more in-depth and frequent reporting. Regulators are demanding a higher standard of compliance and reporting. Your competition is getting tougher as many offshore trusts are realising that they need to embrace a sophisticated tailored IT solution to not only compete but to reduce operating costs.

The solution

Trust companies need to become agile to compete. They need to embrace technology to transform their operating economics so that they can be 'ICE' - Informed, Compliant, and Efficient. Jobstream 9.2 is the latest version of our proven solution for trust companies and corporate service providers, enabling them to be more efficient in all areas and levels of their business.

Why do our clients speak so highly of our solutions? Because we consistently work in partnership with our users to deliver a platform that is user-centric, flexible and empowers efficient, informed and compliant operation.

Improve operating margins

The aim of every organisation is to make more money whilst being efficient and spending less- trust companies are no different. Jobstream 9 enables you to increase your revenue by allowing you to 'manage by exception' by utilising the system to automate un-billable administrative duties with ease so that your employees spend less time on sorting through data and more time on higher value work for your clients which you can charge out at a higher rate.

With Jobstream 9's innovative role-based solution you can customise your dashboard according to your job role so that you only view tasks and actions specific to your role when you log into the system. In addition, you can customise your reports menu according to your job role.

Our solution allows you track your KPI’s and understand profitability by client and by product.

Reduce cost of operation

Many of our clients use Jobstream 9 to become more operationally efficient whilst reducing cost of operation. By reducing cost of operation, you are maximising your staff.

Jobstream’s innovative business management tool automates your business processes so that tasks like compliance become a by-product of the system. It allows for standardised processes to be repeatable and most importantly auditable such as:

• New client take on
• Annual review
• Transaction monitoring

We recognise the fact trust companies are frequently subjected to impromptu visits from regulators therefore it is imperative to have an efficient system in place to enable you to always be ready for inspection and have the data and audit trail available at the click of a button.

High level of compliance and reporting

The challenge

With frequent unscripted visits from Regulators, some trusts find it difficult to provide consistent information across their whole client base and are still reliant on separate spread sheets for their reporting. This can lead to discrepancies and leaves plenty of room for avoidable human errors.

The solution

Our clients remedy this problem by using Jobstream's Business Process Management (BPM) functionality to standardise repeatable processes and are provided with a full audit trail, including predefined processes for:

• New client take-on
• Risk review
• Annual review
• Transaction monitoring

We believe that achieving compliance with local and international standards should be a by-product of doing business, with your software working in the background to ensure your business is continuously ready for a potential inspection by a Regulator.

Our Compliance Feature Pack provides comprehensive reporting, advanced user audit trails, relationship summaries and structure charts for all your managed entities. By implementing our Compliance options you not only reduce risk but also reduce costs by avoiding the need for parallel streams of compliance work alongside regular business processes.

Management by exception

Management by exception is a key aspect of a successful compliance function and our intuitive role-based interface with tailored screens for the compliance role and dedicated smart views help to achieve this.