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Trust built in, risk built out

Trust built in, risk built out

Secure and streamline your financial transactions with E2EFi Trusts

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

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Retention Trust Accounts
Protects cash retentions
Principal or head contractor is the trustee
One account required per trustee
PTA
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.
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E2EFi Trusts Features

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Immutable Transactions

Separate immutable trust ledger compliant with legislative requirements

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Independent Bank Feeds

Synced automatically from your trust bank accounts

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Create .ABA Files

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

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Integrates with existing software

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

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Automatic Notifications

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

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Fully Compliant Report Packs

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

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

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.

Designed so you only pay for what you use

Our Monthly Access starts from $75 per month. Other than your monthly access, fees are based on transactions and only when you make a withdrawal from a trust bank account. Estimate your monthly billing with our pricing calculator
E2EFi Trusts Monthly Access
No lock in contracts, month to month billing
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RTA
E2EFi Trusts Monthly Access

No lock in contracts, month to month billing

Start a 30-day free trial
Save up to $300
E2EFi Trusts Monthly Access
E2EFi Trusts Monthly Access
From

$75

+ GST
Per Month

50GB Storage Vault

Unlimited Users

Unlimited .ABA Files & Payees

Unlimited Project Trusts

Unlimited Retention Trusts

Free Bank Feeds

Access to the Knowledge Base

Start a 30-day free trial
Save up to $300

E2EFi Trusts Monthly Access

From

$75

+ GST
Per Month

50GB Storage Vault

Unlimited Users

Unlimited .ABA Files & Payees

Unlimited Project Trusts

Unlimited Retention Trusts

Free Bank Feeds

Access to the Knowledge Base

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

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