Payment approvals and audit for family offices
Family offices
Payment approvals and audit for family offices
Family offices pay across trusts, companies and family members' accounts, usually with more than one person signing off. IXFXN gives that a single set of rules and one record.
What you'd use it for
- Approved payments from trust and company accounts
- Recurring payments such as staff, property and school fees
- One record of who requested and approved every payment
- Trusts and companies as separate entities planned
The controls that matter here
- Multiple approvers per account
- Per-person limits for family members and staff
- Tamper-evident history for advisers and auditors
Ask: “Who can approve payments from the family trust over 100,000 USD?”