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Published byLaura Johns Modified over 9 years ago
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Laura Morgan-Rees Veyo – Director of Business Development Introductions Veyo Promotional Video Background The Veyo System Veyo Overview Questions & Close
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Veyo is a comprehensive conveyancing portal which brings together all the processes, checks and documentation prepared and undertaken by solicitors and licensed conveyancers in the sale and purchase of residential properties What is Veyo?
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The Law Society The Law Society is the independent professional body established for solicitors in 1825 that works globally to support and represent its members, promoting the highest professional standards and the rule of law. Mastek UK Mastek is a global technology solutions provider. It has over three decades of extensive experience specialising in writing and hosting IT solutions all over the World. It has over 3,000 staff and a turnover of £90m. Mastek clients include: Who is Behind Veyo? Joint venture between The Law Society & Mastek.
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What is Veyo Aiming to Achieve? Streamline Conveyancing Process Reduce Transaction Times Reduce Claims and Complaints Lower PI Premiums Fraud Prevention Transparency Deliver a Better and More Efficient Service Increase Fee Earning Hours Generate Referrals
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Veyo is designed for the industry by the industry Working with a range of small & large conveyancing firms across the country to ensure Veyo will deliver the functionality and efficiency that the industry needs. A wide range of firms across all sizes and areas along with large volume producers and licensed conveyancers have been testing the platform and advising on content and functionality.
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Integration with Veyo Veyo is designed to integrate with existing Conveyancing Products avoiding any unnecessary re-keying of information or re-populating of forms. Enable third parties to write to Veyo via open API. Ongoing discussions with the Legal Software Suppliers Assoc. (LSSA) to develop an integration framework.
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For Firms that have an Existing PMS/CMS… Does it follow Law Society Conveyancing Protocol? Does it offer client view? Is there are secure audit trail for all users? Does it offer free storage and 24/7 access? Can you verify the other side – including their client account and all conveyancers? Will you and the other side have an online chain view and deal room? Does your CMS provide Forms and AML searches? Does it integrate with Land Registry & HMRC?*
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The core element of the portal Stores all relevant documentation, encompasses each stage of the Law Society Conveyancing Protocol and CQS Workflow & includes AML checks. For firms with no CMS, Veyo provides a stand alone case management facility, otherwise it will have capability to link to your existing system* What will Veyo do? Law Society Conveyancing workflow Verification of the other side AML checks Upload search results Chain view Contract negotiation and exchange deal room Ability to upload HMRC information Land Registry integration Secure audit trail Fully Managed IT Case records integration
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Veyo will include verification of the other side Detailed registration and verification process (including client account) to deliver security and reduce the risk of fraud. Verification of the other side What will Veyo do ? Law Society Conveyancing workflow Verification of the other side AML checks Upload search results Chain view Contract negotiation and exchange deal room Ability to upload HMRC information Land Registry integration Secure audit trail Fully Managed IT Case records integration
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Veyo will enable you to upload search results into the relevant case file. Veyo expects users will continue to use their existing search providers. Upload search results What will Veyo do ? Law Society Conveyancing workflow Verification of the other side AML checks Upload search results Chain view Contract negotiation and exchange deal room Ability to upload HMRC information Land Registry integration Secure audit trail Fully Managed IT Case records integration
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Veyo will provide a unique online deal room and chain view Work online, sharing & editing documents with clients and the other side in a secure area to save time & money. Contract negotiation and exchange deal room What will Veyo do ? Law Society Conveyancing workflow Verification of the other side AML checks Upload search results Chain view Contract negotiation and exchange deal room Ability to upload HMRC information Land Registry integration Secure audit trail Fully Managed IT Case records integration
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HMRC Secure online submission of SDLT forms* Ability to upload HMRC information What will Veyo do ? Law Society Conveyancing workflow Verification of the other side AML checks Upload search results Chain view Contract negotiation and exchange deal room Ability to upload HMRC information Land Registry integration Secure audit trail Fully Managed IT Case records integration
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Direct Integration with Land Registry Automated search & request functionality without leaving Veyo with the ability to register charges etc. Land Registry integration What will Veyo do ? Law Society Conveyancing workflow Verification of the other side AML checks Upload search results Chain view Contract negotiation and exchange deal room Ability to upload HMRC information Land Registry integration Secure audit trail Fully Managed IT Case records integration
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Transparency for all parties Unique visual representation of all parties in the chain and where they are in the process. Will provide home mover view, lender view* and estate agent view* Chain view What will Veyo do ? Law Society Conveyancing workflow Verification of the other side AML checks Upload search results Chain view Contract negotiation and exchange deal room Ability to upload HMRC information Land Registry integration Secure audit trail Fully Managed IT Case records integration
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Secure Audit Trail Veyo will assist with Risk Management by providing a detailed audit trail of all completed steps in the process. Secure audit trail What will Veyo do ? Law Society Conveyancing workflow Verification of the other side AML checks Upload search results Chain view Contract negotiation and exchange deal room Ability to upload HMRC information Land Registry integration Secure audit trail Fully Managed IT Case records integration
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Fully Managed IT Veyo is a cloud based system which means it is accessible wherever you have internet access and no dedicated IT involvement is needed. There are no set up or installation charges nor storage costs or monthly fees. Fully Managed IT What will Veyo do ? Law Society Conveyancing workflow Verification of the other side AML checks Upload search results Chain view Contract negotiation and exchange deal room Ability to upload HMRC information Land Registry integration Secure audit trail Fully Managed IT Case records integration
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Veyo registration process On-line application process Know who you are dealing with Verification of client account Roles based access – provide users with access appropriate to their work Add/remove users easily Tracking of individuals, fully auditable helping to prevent fraud
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Veyo registration process
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Veyo Library
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TA6 Property Information Form (3rd Edition) (2013) TA7 Leasehold Information Form (2nd Edition) (2009) TA8 New Home Information Form (2007) TA9 Commonhold Information Form (2007) TA10 Fittings and Contents Form (3rd Edition) (2013) TA13 Completion Information and Requisitions on Title (2nd Edition) (2011) Standard Conditions of Sale 5 th Edition LPE1 Leasehold Properties Enquiries Veyo Library will include within the transaction fee….
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Client View Online completion of forms Communicate via the discussions tab All correspondence logged Enables your client to see what stage you are at in the transaction 24/7 access wherever they have internet access Reduce incoming phone calls Offer an enhanced level of service
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Estate Agent & Lender View* Should help as an extra listing tool for estate agents Enables the estate agent, solicitor and client to interact Ensures the estate agent is kept in the loop Will help to reduce incoming phone calls Enables lenders to track mortgage offers & changes Allows lenders to communicate with conveyancers & their clients
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Veyo pricing Inclusive product No set up fees No update fees No hardware costs No storage costs No software maintenance costs
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Veyo pricing structure £50.00 per user administration fee £20 per transaction fee (to include AML searches and conveyancing forms) Pre-registered Early Adopters will get preferential rates +
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Key Features Secure audit trail Files can be and locked and stored online indefinitely at no cost Standalone enterprise quality conveyancing CMS Cloud based – no dedicated IT requirement Follows Law Society Conveyancing Protocol & CQS Workflow Land Registry integration HMRC SDLT online submission* Verification of all parties Designed by conveyancers for conveyancers Deal Room and Chain View Home Mover, Estate Agent* and Lender views* Standard Conveyancing Forms and AML searches included in the transaction fee No minimum quantities Online filling of forms via Client View * Not all features available in phase 1 launch
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For Firms that have an Existing PMS/CMS… Does it follow Law Society Conveyancing Protocol? Does it offer client view? Is there are secure audit trail for all users? Does it offer free storage and 24/7 access? Can you verify the other side – including their client account and all conveyancers? Will you and the other side have an online chain view and deal room? Does your CMS provide forms and AML searches? Does it integrate with Land Registry & HMRC?*
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www.veyo.co.uk Any Questions?
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