Virtual Accounts Management (VAM)
A Virtual Accounts Management (VAM) platform is a solution to reduce the complexity of cash management by corporates. Virtual accounts help the large corporates by reducing the number of real accounts needed & the associated costs, provides ease of reconciliation and gives better collection, visibility and deployment of money. Using this function, a corporate can create, manage and monitor Virtual accounts and get benefits like self-service channel, a dashboard view to account information in addition to transfers and payments.

Elements of Virtual Account Management:


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