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Corporate treasurers are demanding more from their partner banks, particularly when it comes to cash management. Banks face a choice: modernize services to meet these expectations or risk losing clients to more agile competitors.
Virtual Account Management (VAM) offers a comprehensive solution, enabling banks to upgrade their cash management offerings. While VAM originated in the Nordics in the 1980s, its capabilities have significantly evolved, now addressing a wide range of treasury challenges, from payments to liquidity and compliance.
This eBook explores seven ways VAM empowers banks to win mandates, retain customers, and grow revenue:
1. Simplify collections
2. Optimize liquidity management
3. Manage client fund
4. Streamline transactions with POBO and ROBO
5. Enhance treasury control with in-house banking
6. Enable multi-currency account7. Maximize returns with virtual deposits accounts.