Virtual Account Management Definitive Guide 2.0
There is a time for everything and everything in its time. This is the time for virtual accounts 2.0
Virtual accounts 2.0 is a true revolution. The corporate/bank relationship is being turned on its head and virtual accounts play a key role in democratizing how corporations manage cash with higher levels of maturity and sophistication. Virtual accounts give control to the corporation while at the same time providing measurable benefits to the banks.
These series of papers chart the course of the start of a revolution: a democratization of banking, allowing firms to manage money how they want, including acting on behalf of others.
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What
What Virtual Accounts have become
VA1.0: Basic collections
VA1.1: CM as a service
VA1.2: Enhancing liquidity
VA2.0: Contextual virtual accounts
Why
Why banks offer Virtual Accounts
Aim 1: Manage virtual cash
Aim 2: Manage liquidity
Aim 3: Manage client money
Who
Who needs Virtual Accounts
Client segments
Applicable use cases
How
How Virtual Accounts work
Three structures
- Structure 1: Variable corporate hierarchy
- Structure 2: Fixed Client Money
- Structure 3: Flat
Who does what
Processing transactions
- Incoming (COBO)
- Outgoing (POBO)
How much
How much banks benefit from Virtual Accounts
Business – 7 Benefits
Operations – 2 Benefits
Capital and risk – 5 Benefits
How much
How much corporations benefit from Virtual Accounts
Cash Visibility – 6 Benefits
Operations (treasury) – 7 Benefits
Operations (banking) – 4 Benefits
Risk – 3 Benefits
When
When Virtual Accounts have delivered
Case studies
So what
Virtual Accounts
Redefine corporate banking
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