To effectively manage transaction parties’ details during transactions, you need to create a client account. Client accounts are designed to manage data, complete compliance checks, and automatically populate details in documents.
Creating Accounts
To create an account, go to the Clients section on the platform and specify the type of entity: individual or corporate.
For corporate accounts, you can retrieve details from a global database provided on the platform or enter them manually.
An authorized executive in corporate accounts is an official who has the authority to sign documents on behalf of the company. However, you can also assign the signee role to other representatives; their details will then be used in transaction documents instead of the authorized executive’s.
Additionally, you can assign a Manager role to a representative. In this case, invitations for compliance checks will be sent to managers.
AML and Compliance Checks
Through integration with a compliance verification provider, Wingform enables you to perform compliance checks (KYC/KYB/AML) directly from your client accounts.
AML checks involve automated screening of a company or an individual against global money-laundering, sanctions, and watchlists. Simply enter your client’s corporate name to receive a report. This process does not require client involvement.
For more thorough compliance checks, invite your clients to undergo the check by sending them a link. They will complete the verification online, and once it is finished, you will be notified and receive the report, accessible in the client’s account.
Learn more about Compliance Verification on the platform here.
Using Client Data in Transactions
When creating a deal on Wingform, select the transaction parties—buyers and sellers—from your client accounts. You can select multiple parties for either side. The data from your client accounts will automatically populate in the documents.
For detailed guidelines on document management on Wingform, visit this article.