For over 10 years, Eastern Point has led the settlement and financial services industry with our TrustWare TM, QSF 360 TM, and TIMS TM management portal software as the pioneering and leading “Software as a Service” (SaaS) platform related to pre- and post-settlement planning, settlement administration, claims administration, and settlement allocation including Qualified Settlement Funds, settlement trusts, and other solutions like the Plaintiff Recovery Trust.
Eastern Point’s array of SaaS solutions for financial institutions, law firms and their clients, the securities industry, the insurance industry, and others encompass the only comprehensive suite of trust-based tools designed to revolutionize pre- and post-settlement administration, ongoing asset protection and administration of settlement proceeds related to the administration and ongoing management of settlement proceeds resulting from legal matters.
This turnkey and bespoke SaaS suite provides:
- Industry First: QSF 360, the first online QSF establishment, fully complies with 26 C.F.R § 1.468B-1 et seq.
- Establish Solutions in One Day: QSF 360 and TrustWare innovated the ability to establish settlement protection trusts and QSFs in as little as one business day.
- Efficient Management: Seamlessly handles all aspects of pre-settlement and post-settlement administration.
- Comprehensive Reporting: Generate detailed transaction reports via self-service downloadable data in Excel and CSV.
- Streamlined Distribution: Facilitate the smooth same-day administration and distribution of funds as administratively feasible.
- Expanded Planning Options: Access enhanced tax and financial planning options.
- Tax Reporting and Compliance: Complete tax withholding, estimated tax reporting, and payment solutions.
Key Features
1. SaaS Web-Based Accessibility
- Powerful SaaS applications allow access anytime, anywhere, via the web.
- Enjoy immediate use without complex system installations and additional security.
- Benefit from AES-256 Military-Grade encryption.
2. SaaS Web-Based Solutions
- Utilize our robust QSF and other SaaS solutions directly through your web browser.
- Secure user access, data connections, and sessions via AES-256 Military-Grade encryption.
- Single login access allows you to manage multiple accounts via a single-use credential.
- Multi-user and multi-levels of user access are supported.
- Eliminate concerns about software updates and compatibility issues.
3. Revolutionary Privacy Protection and Sensitive Information Management
- Collection: Securely manage sensitive data with built-in AES-256 Military-Grade and data-at-rest encryption.
- Storage: Safely store information, with data at rest in our advanced database and field encryption across all solutions platforms, including Qualified Settlement Funds.
- Multifactor Login Security and Security Procedure Callbacks: These protect sensitive data from man-in-the-middle attacks and improper access from unauthorized parties.
- Multi-Party Security: Security authorization by two or more separate parties for distributions is available.
4. Specialized for Qualified Settlement Funds
QSF 360 SaaS services are proven with over 10 years of enhancements and innovation, utilized across broad industry spectrums and user types:
- Legal Industry
- Financial Institutions
- Insurance Industry
- Securities Industry
- Investment Advisory Industry
- Settlement Industry
- Special Needs Industry
- Attorneys
- Defendants
- Plaintiffs
- Courts, and more
Benefits for You
- Enhanced Efficiency: Streamline your settlement and Qualified Settlement Fund processes.
- Compliance Assurance: QSF 360 complies with all applicable regulatory requirements.
- Avoids Constructive Receipt and Economic Benefit: The QSF 360 SaaS platform avoids constructive receipt and economic benefit taxation triggers – unlike the potential compliance issues facing escrow-based accounts.
- Real-Time Monitoring: 24/7 real-time monitoring of all transactions, documents, and balances.
- Improved Accuracy: Reduce errors with automated reporting and management tools.
- Increased Security: Protect sensitive data with state-of-the-art security measures.
- Better Collaboration: Facilitate seamless communication between all parties involved.
Transform Your QSF and Settlement Administration Today
Experience the power of our SaaS solutions with our user-friendly interface and robust features. These solutions can ensure tax compliance, reduce risks, expand financial options, and improve efficiencies and tax treatment.
Contact our settlement SaaS experts today to explore how our turnkey and bespoke solutions can benefit you and your clients.
