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Personal expenditure accounting
Personal expenditure accounting allows automated, local control of monies held on behalf of clients, either automatically received (as a personal expenditure value) or as a second account for higher value monies held on behalf of clients.
Barclays Integrated Funds Solutions (BIFS)
Working in partnership with Barclays and Coldharbour Systems, Southern Cross Healthcare were instrumental in the specification and development of the Barclays Integrated Funds Solution (BIFS), a client money management software solution optimising the personal allowance process.
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Enables a consistent approach to personal allowance management across an organisation, in line with CSCI.
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Individual resident ‘virtual' accounts.
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Automated interest calculations applied per resident.
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Account structures at home and resident level.
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Automated reconciliation of account data.
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Interface from Income Processing Resident Records.
Download the Residential Care brochure (PDF).
