TrustUS — An escrow account payment and workflow automation

Description

“ Aloha, everyone! If you ever have the thought of having a child, even for a split of seconds, or if you are already a parent but wants more. Please read on. One in eight couples, single parents by choice and a large number of the LGBTQ+ population in the U.S. seek out Assisted Reproductive Technology (ART) services. ART is a multibillion-dollar industry with a market size of over $20 billion. The market size of this industry is expected to go past $30 billion by 2027. I'm an Army veteran and a serial entrepreneur. The servicemembers disproportionally suffered from infertility, and I had seen many brave spouses stepped up to become gestational carriers (or, commonly, surrogates). I discovered the realms of surrogacy and egg donation while I was on active duty and founded the company Patriot Conceptions when I was discharged. The business exploded and it has no signs of slowing down. However, the trust/escrow management (a third-party account that usually set up with the attorneys' office) has been messy and become the culprits of many lawsuits. I had always wanted to create something that will bring transparency, modernity, and efficiency to replace the email exchange, check mailing & depositing, and endless disputes. Surrogacy is already complex, unpredictable, and often gut-wrenching. I hope this SaaS product will help Attorneys and Agencies to focus on client care and success. So, what does it do? TrustUS is a Software as a Service (SaaS) platform that shifts the trust account management on autopilot mode. It is cloud-based, cross-platform (Web, iOS and Android), modernly and responsively designed to provide the end users with the best and friendliest experience. · Integrate seamlessly with any bank: with our powerful streamlined solution that connects with more than 12,000 financial institutions. Your existing trust accounts can be easily plugged into our system and are ready to send or receive funds. · Escalated payment request and approval process: specifically tailored and categorized for surrogacy and egg donation journeys, along with soon-to-be-added receipt optical character recognition and parsing functionality, we make disbursement request and approval a breeze. · End-to-end encrypted instant messaging and file transferring: send in-app messages and files instantaneously and securely. You are automatically assigned to the case groups that you belong to, so you don’t miss any important messages. · Schedule one-time or recurring payments: once the banking credential gets authenticated, the ACH payment scheduling and disbursing is only one click away. You can also customize the recurring payment events. The payment status can be easily tracked, and each party will be notified for every status change. · Sophisticated case and ledger management: Understanding that the surrogacy and egg donation journeys are lengthy, complex, and not cut-and-dry, the case and ledger management functions are designed to be flexible. Whether it’s replacing the carrier or switching to another agency, the changes can be easily achieved with no hassles. The agencies can record any advanced spending made prior to the opening of the trust/escrow account and convert them into requests with a few clicks once the account is established. · Third-party vendor management and payment: As many disbursements are meant to be made to third-party vendors, for instance, the health insurance premium, a vendor management component is designed to seamlessly manage the vendor profiles and fund disbursements. What’s Next? With solid engineering, sleek user interface design, and the ease-of-use experience, we position ourselves as the technological disrupter in the Third-party Reproduction trust/escrow account management space. However, a solid tech stack doesn’t mean we will stop here. Our team is already wrapping up the iOS and Android app unit testing, functions like multi-language support, Zappier integration, and document management are well planned and iterated as this article is written. You may check our humble but ambitious roadmap here: https://trello.com/b/JsLgZ3i7/tr... ” – Haotian Bai Discussion | Link