Stay on top of escrow activities with First Banking Services’ On-Trac service for daily transaction monitoring and three-way reconciliation.
Superior, Colo., – November 6, 2018 – Adeptive Software, developers of the powerful title and escrow production software, ResWare®, has added First Banking Services’ On-Trac tool to provide customers another option for daily account monitoring and reconciliation. Once service is established with FBS, data is retrieved from ResWare for analysis and review with daily customer communication to resolve issues.
On-Trac maintains and stores comprehensive records of all actions taken for audit and compliance purposes, and these records are available when viewing file ledgers. Additional reporting tools are available with On-Trac, such as dormant file management and outstanding check follow-up.
“With the power of ResWare and a network of over 150 integration providers, we focus on improving and automating the transaction process, thus enabling our clients to focus on their customers,” said Adeptive’s president Bryan Buus. “Offering On-Trac for escrow account monitoring and reconciliation gives customers additional options to meet their escrow accounting needs.”
On-Trac-ResWare services include:
- Daily communications to users of book and bank financial activity comparisons;
- Complete historical records of conditions found during daily transaction examinations and actions taken;
- Timely notifications to the designated ResWare user of potential problems preventing three-way reconciliation;
- Bank paid date updates continue in On-Trac while the previous month is being processed and closed in ResWare;
- and more.
Karen Myers, president of First Banking Services said, “We are excited to provide a simple and economical solution to ResWare customers to meet their escrow closing account management needs. We’ve been around a long time, providing accounting products and reconciling accounts for the real estate industry and banking community. We understand the needs, and more importantly, the practicality in solving for those needs.”
To learn more about On-Trac and their ResWare services email firstname.lastname@example.org or call (888) 367-9901.
About Adeptive Software
Independently-owned and operated, Adeptive Software was founded in 2003 and develops the industry-leading ResWare title and escrow production platform. ResWare is a sophisticated, yet flexible solution providing smart automation, configurability, and partner integrations that enable clients to be more productive, efficient, and adaptable. ResWare, along with the expertise of the Adeptive staff, empowers organizations to grow their top line, enhance customer offerings, manage the bottom line, and thus transform their business overall. Learn more at adeptivesw.com.
About First Banking Services, Inc.
First Banking Services is a leader in providing innovative products that enhance those products traditionally offered by banks and other financial service organizations. With over three decades of experience in working with clients’ bank service needs in various vertical industries, we have developed a complete line of account management reporting products and services covering standard bank reconciliations; trust/escrow accounting and reconciliation; transaction and balance monitoring; BA12 and daily bank clearing file services. FBS has proven expertise, a strong track record, strong customer support, and provides solutions based on bank or client needs. Learn more at firstbankingservices.com.