The Next Generation of Insolvency Estate Processing
Aryza Canada is the Canadian leader of insolvency efficiency processing. Providing 40% of the Canadian trustee firms with an impressive estate management solution and dedicated customer support.
In 2016 we brought together industry professionals from across the globe to complete a comprehensive analysis of all our products, services and overall business review of the state of the insolvency business in Canada.
Our team foresaw a significant evolution in the requirements of the trustee firms as the insolvency market in Canada consolidated, increased competitiveness and managed reduced file volumes and escalating costs.
Aryza Canada’s management team deemed this as an opportunity and embarked on an endeavor to create the most robust, comprehensive software platform. Baking in, new tools, robust features and a level of efficiency through automation never experienced by any trustee firms in Canada.
After 1.5 years and $1.5M of investment Aryza Canada is pleased to Release Version 8.0.
Version 8.0: The complete optimization of Consumer Insolvency in Canada
Designed and developed specifically to meet the evolving functions of Canadian License Insolvency Trustee.
253 improvements all with the same goal, ensure that IPS users are the most efficient firms in Canada.
|Fully integrated equity calculator. The calculator creates a report along with an equity master dashboard. The report will show you the equity calculation with respect to the specific asset within each estate. Whereas the dashboard will show you a practice wide view of all equity assets and workflow associated assets through management by exception.|
|There now exists in the toolbar the ability to change the view of the assets screen. This is designed to show the data using a specific filter. Ex: Show me the asset list with respect to only realization and disposition|
Auto Docs Automatic Document Production
Ability to create a number of documents from the system either manually or automatically. Auto docs will not only create any documents automatically it will trigger automatic delivery of the document through EDE.
Example of documents
· NSF Letters to debtors
· Missed Counselling Sessions
· Asset letter- RRSP
Full list of auto docs including description is in the Auto Docs Section of IPS
The ability for the application to e-file the mandatory XML packages automatically without the need for the user to ever go into the OSB website to upload manually.
Auto- Efiling also automatically manages the OSB responses.
Providing IPS users response processing of the OSB results, directly uploading values of OSB response into Aryza Canada IPS estate.
The final step takes the OSB PDF response and depositing directly into the estate document library.
Aryza Canada IPS integrates with all Canadian banks and financial institutions.
Significant new features surrounding estate banking:
1. PAP/PAD/EFT- Create and Process debtor payments from any financial institution – Feature includes users ability to fully automate the process.
2. Automation associated to the creation and linking of transactions
3. Payment Obligation (PO) UI and Wizard
4. Auto bank reconciliation now accepts QBO file formats
IPS offers trustee firms the ability to apply electronic signature to both forms and cheques. Je
This is a fully functional element in IPS, trustees can choose to use upon upgrading to Version 8.0. It should be noted that all software vendors are currently awaiting formal approval by the OSB on electronic signature application and regulation.
Specific areas of the IPS application have the ability to be fully automated.
· R&D Automation
· Initial Filing Automation-associated to Auto Efiling
· Banking/ PAP/EFT/PAD/ Bank Reconciliation
In each of these areas the users have the ability to turn the automation, which will provide large efficiency gains and improved cash flow tracking.
IPS now has integrated SMS functionality to allow trustees to send out SMS through reminder messages to their clients.
The SMS feature includes: Pr
· Send messages manually directly from estate
· Preschedule messages for delivery specific to date triggers, ie: send out a messages 3 days in advance of counselling session
· Read replies and process automation associated to Yes/No responses
New and modified practice management dashboards have been added to IPS core features.
Dashboards Now Available
|See more of the 253 Version 8.0 Enhancements Below|
Version 8.0 Core Function Enhancements
|A complete review of R&D within IPS brought forth a long list of minor enhancements to improve user time to complete.|
|Specific to Client portal users; The module has expanded capacity to included the ability for the debtor to see more of their estate data. Added features of client portal include an integrated messaging service between debtor and trustee.|
|Added the ability to import your custom Word docs and have the document auto populate, specific data directly from IPS database within the estate to fill the form. Ex: You can now print out an RRSP letter which will pull the values from the RRSP asset data. Right click the asset or liability and see the different types of custom forms available. Each trustee can replace IPS generic forms with their own branded forms.|
|Updated Remittance Advice form with new address for the OSB|
|Bankruptcy Identification Form has new CRA address/fax within it|
Experience the Power of IPS Version 8.0
Schedule a demo to learn more
Let’s see what we can achieve together
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