Virtual accounts

In a typical bank account model an organisation would have dozens or hundreds of real account to manage their subsidiaries, segregate client monies or manage their business units.

You can rationalise hundreds of accounts down to a very few number of real accounts and have almost unlimited numbers of virtual accounts with an online tool that allows the synchronisation of the balances and the transactions between the real and the virtual account levels.

An example of this could be with the property manager. So they can have hundreds of properties under their management with a very few number of real accounts but hundreds of virtual account to represent each property in their portfolio.

So for liquidity management it allows the pooling of the balances, the larger balances across a fewer number of real accounts and also gives the treasurer visibility of their cash; they can make better funding decisions, they can perform intra-company loans, allocate the interest, use the cash in a much smarter way because they've got better visibility.

It truly brings cash and liquidity management to the next level.