Virtual Account Management RSS
Corporates are under increasing pressure to be more efficient and their expectations of their banks are changing as a result. Banks need to be innovative to meet client expectations. Virtual accounts can be part of the solution for banks in meeting the needs of their corporate clients, as well as addressing their own internal strategic [...]
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When it comes to corporate liquidity and treasury management, the banks I’m talking to all seem to have one thing in common. The need for speed. Whether they are offering in-house banking facilities to medium-sized corporates. Or a client money proposition. Or an ‘on behalf of’ set-up for payments or receivables. Banks want to move fast [...]
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Let’s be honest, reconciliation is a pain. It’s a battle, a struggle and an all-around nuisance for corporates, albeit a necessary one. Getting paid is crucial, irrespective of business size. As is assigning payments to the correct accounts and knowing your cashflow at a glance – writes Sheri Brandon – Head of Payments, Tieto. Corporates [...]
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