The industry’s first cloud-based virtual data room delivers enhanced efficiency, security and compliance during EB-5 investment-offering process
San Jose, CA, May 14, 2012– NES Financial, the nation’s leading provider of escrow administration technology and services to the EB-5 industry, has introduced its latest EB-5 specific secure document sharing solution that is designed specifically to manage documents during the EB-5 investment-offering process. This new solution complements the company’s leading EB-5 Escrow Administration Solution to help EB-5 Regional Centers, investors, attorneys and brokers facilitate sharing and storing documents while remaining compliant with industry regulations.
The EB-5 Virtual File Share is a cloud-based document sharing solution that provides secure access to EB-5 documents for participants, maintains version control, monitors and tracks activities, and generates reports for audit and compliance purposes. The solution improves efficiency and reduces risks involved with multiple parties around the world working with documents during the EB-5 investment-offering process.
Benefits of NES Financial’s EB-5 Virtual File Share Solution include:
- Reduced time and expense. Important documents are delivered to all stakeholders simultaneously regardless of time zone or geographic location.
- Increased security. Permission-based security settings protect documents and align access privileges with pre-defined roles to prevent unauthorized access, changes, or printing through digital rights management.
- Efficient communication and collaboration. All EB-5 documents are centralized in a single, searchable, online environment. EB-5 Virtual File Share Solution provides secure access, from anywhere in the world, on a range of digital devices including tablets and smartphones.
- Compliance. A clear audit trail of all logins, uploads, downloads, and activities is maintained and can be summarized easily in reports to maintain SEC compliance.
“Regional Centers need to manage a relationship with their investors through several phases over a number of years,” said Reid Thomas, NES Financial’s Executive Vice President of Worldwide Sales and Marketing. “Our industry-leading EB-5 Escrow Administration Solution provides benefits to Regional Centers and investors during the I-526 application and approval phase. With our newly released EB-5 Virtual File Share Solution, our many Regional Center clients and their investors can also benefit from improved security, transparency and compliance during the investment-offering phase.”
NES Financial is the EB-5 industry’s leading provider of escrow administration technology and services. Built on its proprietary eSTACTM technology platform, NES Financial’s EB-5 Solutions offer a streamlined approach to administering investors’ deposits. In addition to improving the operating efficiency for Regional Centers, the company’s leading technology provides the highest level of security and transparency for investors.
“While compliance with the SEC and securities regulations ultimately depends on the efforts of securities issuers, tools like NES Financial’s EB-5 Virtual File Share help regional centers ease the burden of compliance,” said Jor Law, an attorney with Homeier & Law, P.C.
For more information on NES Financial’s EB-5 Solutions, click here.
About NES Financial
NES Financial (NESF) is a leading provider of trust and escrow administration technology and services for banks, other financial institutions and Fortune 500 companies. The company’s state-of-the-art virtual private cloud-based solutions provide banks and financial institutions with increased fee revenue opportunities, reduced compliance costs and improved operating efficiency. NES Financial focuses on business sectors with complex processes, significant compliance requirements, and large sub-accounting needs, including landlord/tenant security deposit escrows, client trust accounts, capital raises, pre-need trusts and many more. NES Financial was recently ranked in Inc. magazine’s 500|5000 list of fastest-growing businesses in America.