New Features in WealthWorks+ 4.13
- New 'Alerts' for meetings and key entity dates
- LexisNexis Sanctions Screening integration
- UK Government Gateway Account number and password fields
- New Company Secretarial Shares feature - Share buyback
- New Company Secretarial Shares feature - Employee Share Options
Alerts
This release introduces a new Alerts feature to WealthWorks+. Users when logged in will now be alerted in the browser to key events and records that need their attention. The user can manage these alerts from a new sidebar which displays current alerts, which also displays details of the underlying record. The alerts can be dismissed easily from within the sidebar.
Closing an alert that displays as a notification won't dismiss the alert. Alerts will remain active for 30 days can be viewed and dismissed from the sidebar. Click on the 'bell' icon on the top right hand corner of WealthWorks+ to access the sidebar, to view and dismiss current alerts. Click on the arrow icon displayed on each alert to access more details about the alert without leaving your current page. Click back to return to the sidebar.
Alerts can be disabled by muting each alert type from the users 'My Profile' page accessed from the top right hand corner of WealthWorks+.
Alerts have been implemented in this release for: -
- Meetings
- Key Entity Dates
If an attendee is added to any entity meeting register, and they attendee is also a WealthWorks+ user, they will receive an alert when the meeting is created, An alert will also be received 1 hour before the meeting is due to commence. Changes to the meeting attendees will also create alerts for new users invited after the meeting is initially created. Existing meetings recorded in WealthWorks+ prior to this update will be alerted before the meeting commences only.
Key entity administration dates will be alerted to users where they are enabled on a selected entity, the day before the key date is recorded. Alerts can be switched off at the top of each entities record display using the yellow switch. This will 'opt out' the user from alerts about this specific entity, leaving other users to choose whether to receive alerts about the entity or not.
Key Entity Dates that will be alerted to users include: -
Company: Next Full Members List Filed Date
Company: Next AGM Date
Company: Next Annual Return Date
Company: Next Accounts to Members
Trust: Next Trust Meeting Date
Trust: Ten-Year Anniversary Date
Trust: Anniversary Date
Trust: Date Next Accounts to Trustees
Partnership: Date of Next Accounts to Partners
Partnership: Next Annual Return Due Date
Foundation: - Date Next Accounts Presented
All entity types: Next VAT Return Date
All entity types: Next Entity Review Date
All entity types: Next FATCA Review Date
All entity types: Next CRS Review Date
All entity types: Primary Tax Residence Next Tax Due
All entity types: Secondary Tax Residence Next Tax Due
LexisNexis Bridger Insight - Sanctions Screening Feature
We have selected Bridger Insight® XG which provides access to the LexisNexis® World Compliance™ Data to conduct due diligence screening of contacts and entities in WealthWorks+. This feature will help you comply with government regulations, including those related to anti-money laundering, bribery and corruption, and terrorist financing. Bridger Insight® XG uses matching logic and false positive reduction for mass screening and regulatory requirements.
Please contact our support team to arrange for a LexisNexis consultant to get in touch and discuss your requirements. The feature will be enabled by our support team on your behalf. Once subscribed to the service you can gain access to the integration options within WealthWorks+
When the API is enabled within WealthWorks+, users will be able to select specifically which contact records for inclusion in the regular scheduled screening. A choice of frequencies is offered to the user which can be based on the assigned compliance risk of the contact or overridden to a more frequent basis. The date of the next scheduled screening will be displayed within the compliance area for the contact or entity.
Alternatively an instant 'screen now' option will send the contact and its details for immediate screening. A history button gives access to the log of screening submissions made to Bridger Insight® XG,
Bridger Insight® XG provides a suite of tools to manage the alerts created from screened records in WealthWorks+ including email alerts, accept lists and consolidated risk profiles.
Enabling Bridger Insight® XG integration within WealthWorks+
To enable the feature, access the API tab from within the System Administration area of WealthWorks+. Select the API 'LexisNexis Bridger Insight', and click Activate. Enter the following values and click Save. Some of these settings will be known after initial configuration of the Bridger Insight® XG and your LexisNexis Consultant will be able to provide the user credentials.
- Client Id. The client ID for connections to Bridger Insight.
- User Id. The User ID for connections to Bridger Insight.
- Password. The password for connections to Bridger Insight.
- Division. The division setup within Bridger Insight for searches to be performed for.
- Role. The role setup within Bridger Insight for searches will be associated for.
- URL. The base URL for the Bridger Insight API.
Once enabled, from each contact, managed or non-managed entity, select the compliance tab. Edit the details for the 'Sanctions Screening' portlet and select either Ad-hoc or the Scheduled screening type. If regular screening is required, select how frequent and enter the next screening date required. Click Save.
For Ad-hoc screening, click the 'Screen Now' button on the portlet. A notification will display if no matching records are found in the World Compliance database, or if the screening record has been submitted successfully.
The screened records will create alerts within Bridger Insight® XG for your division and role. Log into Bridger Insight® XG to process the screening alerts and manage accept lists.
The following fields for each record type are submitted to Bridger Insight® XG for screening: -
Individuals
- Forenames
- Surname
- Date of Birth
- Nationality
- Citizenship
- Place of Birth
- Gender
- Residence
- Domicile
- Tax residence
- Passport numbers
All other contact types
- Name
- Country of Incorporation or Jurisdiction
- Primary Tax Residence
- Secondary Tax Residence
UK Government Gateway Account Details
For UK managed and non-managed entities, you can now record and maintain the UK government account details and passwords. From the administration tab, select 'Has UK Government Gateway Account', and the account number and password fields will become available.
Shares Feature - Buy back schemes
Please contact our support team to enable this feature.
Shares Feature - Employee Share Options (ESOS)
Please contact our support team to enable this feature.
Other Changes
11368 Most Statutory Forms can now be generated in MS Word of PDF output forms
11375 A new report has been added to display a list of contacts with no assigned contact security groups
11376 Additional address fields have been added for Statutory Forms
11726 A new numeric field output has been added for Statutory Forms
11734 The Health check now reports the status of connections between sessions within the application
11735 The Health check now reports the status of Scheduled jobs within WW+ and Connections within the application
12331 A new Portlet for Foundation Management has been enabled for Foundations
12756 Multiple sections for the same data objects can now be included in Statutory Forms
Fixes
11340 An error loading the Contact Security Groups portlet has been corrected where the security group and read-only security groups were the same
12216 A correction has been made to the VAT feature not being accessible under entity Page Actions menu
12564 The Excel output of asset holding details now includes the book cost and valuation columns
12736 Statutory Forms with using ceased Advisors now outputs address data correctly
12737 Statutory Forms with using ceased and changed Advisors now outputs contact data correctly