Oracle Banking Virtual Account Management

Optimize, Centralize and Automate

Banks can enable corporates to manage complex global account structures, control capital, centralize cash, and automate reconciliation.

  • Enable corporates to define complex account hierarchies.

  • Enhance visibility and control over capital.

  • Automate reconciliation process.

 

Manage Receivables and Payables in Real Time

Manage Receivables and Payables in Real Time

  • Eliminate the movement of cash across different accounts and reduce transaction costs
  • Enable centralized payment management
  • Support for POBO/COBO structures
  • Support account level restrictions
  • Provide statements and reports at virtual account level

Enable Efficient Corporate Liquidity Management

Enable Efficient Corporate Liquidity Management

  • Support multientity hierarchical virtual account structures
  • Improve monitoring of liquidity positions with balances concentrated in fewer accounts
  • Reduce dependency on notional pooling
  • Offer interest calculation for virtual accounts
  • Enable interest redistribution to sub-accounts
  • Provide corporate-specified internal credit limits

Enable Seamless Reconciliation

Enable Seamless Reconciliation

  • Provide visibility to remitter information on incoming payments
  • Automate tracking of remitter details and reduce manual tracking of invoice payments
  • Provide the ability to reflect remitter information in statements for faster reconciliation
  • Enable better cash flow forecasting
  • Increase efficiency of working capital management with rapid reconciliation

Leverage Virtual Identifier

Leverage Virtual Identifier

  • Enable corporates to setup their own rules for payment routing to suit their business needs
  • Support fully automated receivables processing without the complexity of maintaining multiple accounts
  • Gain the flexibility to maintain different rules for different corporates
  • Enable easy identification of the paying customer and the purpose of payments
  • Improve visibility into cash positions for corporates

Leverage Oracle’s Preintegrated Capabilities

Leverage Oracle’s Preintegrated Capabilities

  • Gain comprehensive support for accounts and operations to service multiple lines of business
  • Run single centralized liquidity management solution for corporates
  • Offer real-time payments capabilities and achieve faster reconciliation
  • Leverage ready to deploy RESTful APIs and thrive in a hyper connected economy

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