Greater transparency for greater oversight
The eSTACTM platform features a password protected online portal utilizing the latest encryption technology, which allows administrators and end-users to view and manage their accounts 24/7. Administrators can easily grant individuals or groups access to view or receive account information ranging from daily account balances to end of year taxpayer information. The eSTAC platform lets customers:
- See all account activities online in real-time, anytime and from anywhere
- Easily create custom, easy to read reporting by account, entity, or balance
- Access account information 24/7
More protection through full reporting and audit trail capabilities
All events associated with the account are automatically recorded, and documentation is archived and available to be viewed or downloaded anytime. This feature enables full audit trail capabilities and comprehensive report generation that can be accessed and viewed in real time. Standard or customized reports can be set up to run ad-hoc or at predetermined times, and distributed to designated recipients through an integrated email engine. eSTAC enables administrators to:
- Monitor and track account activity in real-time, anytime from anywhere
- Automatically generate standard or customized reports
- View and print archived documentation
- Create a complete audit trail, including deposits, disbursements, daily balances and interest accruals
Assurance of complete regulatory compliance
The eSTAC platform provides NES Financial’s financial administration solutions with unrivaled levels of compliance. The administrative processes supported by the platform have been audited for SAS 70 Type II certification, the same level of certification needed to obtain a federal bank charter and comply with Sarbanes-Oxley Section 404 requirements. The platform ensures administrative steps are never missed, guaranteeing compliance to both government standards for financial controls, privacy, and reporting.
- SAS 70 Type II certification
- Sarbanes-Oxley 404 controls and other federal regulatory compliance
- Robust workflow engine ensures that administrative practices and procedures are conducted effectively and efficiently