Trust built in, risk built out.

Trust built in, risk built out

Secure and streamline your financial transactions with E2EFi Trusts

New legislation requires that Trust Accounts be established for certain building and construction projects. The changes bring increased complexities and strict penalties for non-compliance under Building Industry Fairness (Security of Payment) Act 2017.E2EFi Trusts is a cloud-based trust software specifically engineered with the tools necessary to streamline and comply with all these requirements. Trust is built in by design and risk is built out by default.

Trust Accounts

Retention Trust Accounts

Protects cash retentions

Principal or head contractor is the trustee

One account required per trustee

Project Trust Accounts

Protects payments to subcontractors

Head contractor is the trustee

One account required per project

Do you require a Trust Account?

Legislation governing Trust Account requirements is complex and varies across different jurisdictions. The Queensland Building and Construction Commission has developed a simple online tool to allow contractors to quickly identify whether they require Trust Accounts for their building and construction projects in that State.

E2EFi Trusts Features

Immutable Transactions

Separate immutable trust ledger compliant with legislative requirements

Independent Bank Feeds

Synced automatically from your trust bank accounts

Create .ABA Files

Bulk payment transfers without the need for separate transactions with creation of an ABA file

Integrates with existing software

Seamlessly integrates with software such as MYOB, Xero, Quickbooks, Procore and many more

Automatic Notifications

Built in customised and automatic notifications that comply with written notification rules under the relevant legislation.

Fully Compliant Report Packs

Produce and provide financial reports and receipts as required under the legislation.

7 year retention of data

Stay compliant and audit ready by retaining your data on our enterprise grade servers

Why choose E2EFi Trusts?

Trust built in, risk built out

Simple to get started

E2EFi Trusts can be setup in minutes and kept up to date as new contracts are entered.

Purpose built software

New legislation requires that Trust Accounts be established for certain building and construction projects. The changes bring increased complexities and strict penalties for non-compliance under Construction Contracts and Security of Payment Acts. E2EFi Trusts is a cloud-based trust software specifically engineered with the tools necessary to streamline and comply with all these requirements. Trust is built in by design and risk is built out by default.

Pay only for what you use

The E2EFi Trusts platform pricing is designed so you only pay for what you use, eliminating overly expensive and unnecessary costs. Understanding that data retention is required and essential for legislative compliance, our E2EFi Trusts platform keeps everything you need in a secure database backed-up and ready for access wherever and whenever. Monthly Access starts from $75 per month. Other than your monthly access, transaction processing fees apply only when you make a withdrawal from a trust bank account. Enjoy no lock in contracts and monthly billing.

Access a powerful Knowledgebase

The Knowledgebase is a live and ever-growing library of content and resources that helps to support your understanding of the trust account requirements. We’re not just providing you with the tools to enable compliance, we’re providing the information and education to ensure that you know what the rules are and how to follow them. The Knowledgebase is an invaluable resource that can be accessed at any time to answer the questions that you have regarding the requirements and how to use E2EFi Trusts to remain complaint.

Backed by industry experts

E2EFi is backed by industry experts with our team holding a wealth of invaluable knowledge and experience in their industries of IT, Finance, Trust Accounts and implementation of Building and Construction Industry legislation and regulations.

Richard McKeon is a Chartered Accountant by profession and holds a practicing certificate from the Institute of Chartered Accountants in Australia. He has extensive experience in auditing, taxation and accounting services as well as delivery of cloud-based software as a service. In addition, he holds an Australian Credit Licence and has been instrumental in the development of a private credit funding platform for building and construction finance.

Laura Hattin from Building Trusts has been integral in developing the E2EFi Trusts solution and has helped to ensure that it assists parties with the administrative burden that trust accounts bring whilst helping to ensure compliance. Previously working for the QBCC, she has a detailed knowledge and understanding of the requirements and the QBCC's regulatory approach.

How it Works

With E2EFi Trusts, you manage your transactions, notices and reconciliations in the E2EFi system which syncs automatically to your bank and general ledger feeds. There are rules mapped into the system to help you track commitments, deadlines and your entitlements to funds with all actions logged on immutable ledgers.

The E2EFi system helps to reduce administrative burden, tracks beneficial interest at all times and minimises the risk of non-compliance.

Get in touch

Ask a question, request a demonstration, join our 2024 pilot programme, schedule a consultation or simply have a chat with one of our industry experts