Virtual Account Management
Oracle Banking Virtual Account Management (VAM) helps corporate banking clients control capital and re-imagine a leaner, more efficient treasury. It helps corporate customers to manage complex global account structures and control working capital effectively. Also available with a state of the art cloud service that empowers banks to offer a future-proofed virtual account management solution with accelerated time to market, high availability of service, exceptional security, and the flexibility to scale easily with optimized operational expense.
Solution Overview
- Enables flexibility of maintaining account hierarchies per business needs
- Empowers banks to offer corporates enhanced visibility and control over capital
- Automates reconciliation process for effective payables/receivables management
- Offers best-in-class security and access management
- Ensures high availability of service
- Enables banks to easily scale and de-scale their virtual account management solutions
- Future-ready solution with continuous feature enhancements, latest technology stack, and adherence to latest standards
Featured Resources
- Brochure: Oracle Banking Virtual Account Management Cloud Service (PDF)
- Brochure: Oracle in Corporate Banking (PDF)
- Business brief: Virtual Accounts — Enabling lean treasuries (PDF)
- Infographic: Clear the Path to Clarity for Virtual Accounts (PDF)
- On-demand Webinar: Decoding the Buzz: The Evolution of Virtual Accounts
See It In Action
Product Features
Open all Close allComprehensive Virtual Account Management Solution
- Enables centralized payables and receivables management with support for POBO/COBO structures
- Ensures efficient liquidity management with support for multientity hierarchical virtual account structures
- Offers seamless reconciliation by facilitating easy segregation of inflow and outflow of funds
Virtual Accounts Identifiers
- Enables flexibility for corporates to set up rules for payment routing
- Ensures paying customer and the purpose of payments are easily identifiable
- Automates receivables processing and minimizes accounts
High Availability
- Deployed on multiple availability domains, optimizing resources and ensuring reliability
- Continuously regenerating application ensures optimal service with minimal failures
- Automatically monitors application environment to prevent failure of service
- Supports cross-region disaster recovery
Future-Proofed Virtual Account Management Solution
- Continuous feature enhancements and automatic provisioning ensures banks are innovative in their offerings
- Continuously updated to leverage latest tech stack
- Compliant with latest standards
Easily Scalable
- Offers automatic provisioning of IT environment to support rise in demand
- No third-party infrastructure ensures just-in-time provisioning
- Empowers banks to optimize operational expense and eliminate capital expenditure
Related Resources
- Data sheet: Oracle Banking Liquidity Management (PDF)
- Guidebook: Clear the Path to Capital Clarity with Virtual Account Management
- Infographic: Clear a Path to Capital Clarity with Virtual Accounts (PDF)
- Technical brief: Enabling Lean Treasuries (PDF)
- Video: Liquidity Management: The New Business Perspective
- Video: Your Path to Capital Clarity: Real-Time Cash Concentrations with Virtual Accounts (1:35)