Services Financial Tracking

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Collab P Services Financial Tracking: Ensuring
Transparency, Security, and Compliance

Collab P’s Services Financial Tracking Tool is designed to provide unparalleled visibility, traceability, and accountability for all financial
transactions, offering clients and service providers a secure and transparent payment system. Integrated with global payment gateways
and advanced financial features, this tool ensures seamless financial management while adhering to all legal and tax compliance
requirements.

Global Payments Made Easy

  • The system is integrated with Stripe Payment Solution, enabling multi-currency transactions to support clients and service providers from different regions.

Escrow-Based Milestone Payments

  • Payments are securely held in escrow by Collab P until milestones or tasks are completed and approved by the client.

  • Provides financial security for service providers while ensuring clients only pay for verified deliverables

Clients can track

  • Upcoming Payments: Know exactly when and how much is due.

  • Due Payments: Notifications for pending approvals.

  • Completed Payments: Full transaction history for review.

Service providers can view

  • Payment Requests: Submit requests upon milestone completion.

  • Released Payments: Immediate updates once funds are transferred.

Tax Compliance

  • All payments are subject to applicable taxes, ensuring legal adherence.

  • Collab P automatically calculates and displays tax details for transparency

Legal and Regulatory Compliance

  • All transactions are processed through approved global payment gateways and banking channels.

  • Adheres to financial regulations across different jurisdictions to ensure legality.

  • Comprehensive records are maintained for audit purposes.

Secure Payment Gateway Integration

  • Stripe ensures that all transactions are safe, efficient, and globally recognized.

  • Provides both clients and service providers confidence in the payment process.

Banking Channel Transactions

  • All payments are processed via legitimate banking systems, ensuring complete transparency and traceability.

Notifications and Alerts

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Milestone Payment Requests

Service providers can request payment upon milestone completion.

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Upcoming Payment Schedules

Alerts for due and upcoming payments.

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Payment Approvals

Instant notifications when payments are released.

For Clients

Benefits of Collab P Financial Tracking

01
Complete Visibility
Stay informed about payment schedules, pending payments, and milestone completion status.
02
Regulatory Confidence
All payments are processed in compliance with financial and tax regulations.
03
Global Flexibility
Multi-currency support ensures convenience in working with international service providers.

For Service Providers

Benefits of Collab P Financial Tracking

01
Payment Security
Escrow-backed payments guarantee timely and secure transfers upon task completion.
02
Global Reach
Multi-currency support allows service providers to cater to international clients seamlessly.
03
Compliance Confidence
Payments are processed legally through approved banking and gateway systems.

How It Works

01
Milestone Completion
Service providers complete and submit tasks within the Project Management Module.
02
Payment Request
Service providers request payment for completed milestones.
03
Client Approval
Clients verify task completion and approve the payment request.
4
Payment Release
Funds held in escrow are released to the service provider through Stripe or the selected banking channel.
05
Tax and Compliance Management
All applicable taxes are deducted, and payments are processed in compliance with global financial regulations.

Why Collab P’s Financial Tracking Stands Out

01
Multi-Currency Payments
Supports diverse currencies for global transactions.
02
Compliance-Driven
Ensures that all payments meet legal and tax obligations.
03
Transparent and Traceable
 Full visibility into payment schedules, approvals, and releases.
04
Secure Escrow System
 Protects both clients and service providers.
05
Approved Payment Gateways
 Collaborates with trusted platforms like Stripe for global reach and security.
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