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Nucleus Software launches Virtual Account Management for Real-Time banking

March 16, 2020
With this launch, Nucleus Software now introduces a sophisticated virtual account management (VAM) solution developed exclusively to enable banks to open virtual accounts for their corporate customers – accounts that will be replacing real current accounts and instantly route payments and collections to a synced ‘master’ current account. Bringing down the number of physical accounts helps streamline the corporate accounts receivable process, ensuring speedier payee identification, error-free reconciliation, reduced days sales outstanding (DSO) and improved working capital management. Read more here: https://bfsi.eletsonline.com/nucleus-software-launches-virtual-account-management/