Virtual Account Management

Product Module Overview

To make well informed financial decisions on a daily basis, the corporate treasurer must have easy access to accurate and up-to-date bank information of their cash balances. FinnAxia VAM enables banks to issued shadow current accounts that replace real current accounts and instantly route payments and collections to a linked ‘master’ current account. The solution allows corporates to consolidate complex cash operations across banks and regions to improve both cash flow visibility and forecasting capabilities. It also helps in driving efficiencies, reducing the various costs associated with account transactions and improving the quality of accounts receivable reconciliation and payee identification process.

We design, develop and configure computer hardware and software for banks and other organizations in the financial services industry.