FinnAxia® Virtual Account Management – Enabling Smarter Decisions Through Better Cash Visibility

FinnAxia® Virtual Account Management (VAM) helps corporates streamline their cash operations by issuing shadow accounts that replace real current accounts. It consolidates complex cash operations across banks and regions, providing better visibility and forecasting capabilities. The solution optimizes cash flow, reduces costs associated with account transactions, and improves receivables reconciliation.

Corporates can manage their accounts with greater agility, using a single master account to handle multiple virtual accounts, thus enhancing financial decision-making.

Why Choose FinnAxia® Virtual Account Management?

• Virtual account generation linked to a master current account for better cash visibility.
• Self-service capabilities for corporates.
• Real-time liquidity and account rationalization.
• Enhanced reporting capabilities with customized accounting reports.
• Supports On-Behalf-Of (POBO/ROBO) structures for better cash management.

Major Lines of Business Supported by FinnAxia® Virtual Account Management

• Cash Flow Optimization.
• Virtual Account Generation.
• Multi-banking and Multi-country Cash Management.
• Transaction Reconciliation and Reporting.
• On-Behalf-Of Payment/Collection Structures (POBO/ROBO).
• Credit Line Management for Virtual Accounts.