Beneficial Ownership Register

• Created in line with Open Ownership data standards.
• Names the beneficial owner; individual; actual owner in a centralised register, in a standardised format.
• View direct and indirect corporate and beneficial ownership structures with ease.
• Accurate ownership and control statements provide a transparent state of a natural person, corporate entity or interest relationship.
• 100% online for all users & debtors, investors, creditors and registry office staff.
• Quickly add multiple interest relationships between corporate entities and natural persons.
• Ability to integrate with existing corporate registers providing accurate real-time entity searching.
• Complies with all local security requirements.
• Aims to improve corporate trust.
• Quicker initial implementation through product configuration.
• Access to product updates to provide enhanced features and functionality.
• Reduced errors and omissions through monitoring of tasks.
• Reduced operational costs through increased self-service uptake and improved internal efficiencies.
• Leverages existing IT operational and support skills through support for a wide range of infrastructure.
• Long-term support for growing registers through platform scalability.
• Extended functionality and data integrity through data sharing between registers.

Verne® kick starts the implementation of a flexible, robust, reliable, secure, cost effective and user-friendly registry. Foster Moore's ongoing product development ensures we meet best-practice guidelines for registries globally, as well as embracing developing technology trends such as mobile computing and security.

Key features provided out of the box:

• 100% online with fully self-managed transactions, only requiring registrar input to manage exceptions.
• Secure web-based access for external users (e.g. Business Owners, Agents & Accountants) and internal registry staff to support and maintain the registry.
• Configurable search facility offers flexible, intelligent searches.
• Enforced auditability and evidentiality.
• Template-based document and correspondence generation including distribution via email, fax or print.
• Complete eCommerce payment methods.
• Integrated management and operational reporting.
• Secure database ensures data integrity.
• Irregular activity monitoring and alerting.
• Scalable solution.
• Ability to be private or public.

Verne® provides the tools needed to configure and deploy a beneficial ownership register that meets clients’ unique requirements and delivers a series of web applications that enable the online management of securities by registry staff and has the ability to enable public search.