Oracle Banking Virtual Account Management Cloud Service helps corporate banking clients gain capital clarity. This state-of-the-art cloud service empowers banks to offer future-proof virtual account management solutions, enabling corporate customers to effectively manage complex global account structures and control working capital.
Get comprehensive support to enhance virtual account management.
Enable corporates to manage and optimize complex global account structures, control capital, centralize cash, and automate reconciliation with a cloud-ready virtual account management solution.
Continuous feature enhancements with scheduled upgrades help banks keep up with market requirements while automatic provisioning ensures they can provide innovative client offerings.
Stay up to date and maintain the best possible configuration with a technology stack that offers continuous innovation and periodic upgrades.
Stay compliant with the latest standards. All future versions of virtual account management solutions will be checked for compliance with current standards and upgraded if necessary.
Centralize the management of payables and receivables with support for payments-on-behalf-of and collections-on-behalf-of structures.
Manage liquidity efficiently with support for multientity hierarchical virtual account structures.
Offer seamless reconciliation by making it easy to segregate the inflow and outflow of funds.
Virtual Account Management Cloud is deployed on multiple availability domains to ensure you have redundancy when you need it. The solution optimizes resources based on several factors, providing better reliability, visibility, and control.
Continuous regeneration ensures optimal service levels and minimizes the number of failures.
Virtual Account Management Cloud automatically monitors the environment, providing insights that help prevent failure of service—whether manual or rule-based.
Virtual Account Management Cloud supports cross-region disaster recovery.
Give corporates the flexibility to set up rules for payment routing.
Automate receivables processing and minimize accounts.
Reap greater value from Oracle Banking Virtual Account Management in the cloud.
Increase revenue by retaining existing customers and attracting new ones.
Reduce the cost of Know Your Customer procedures and account maintenance activities.
Minimize the administrative effort needed to manage virtual accounts.
Enable superior client service with complete visibility and control over customers’ usage and needs.
Jeffrey Edison, Global Solutions Lead, Oracle Financial Services
Discover a wide array of opportunities with virtual account management, and find out where banks and their corporate customers are heading.Read the complete post
Oracle Banking Virtual Account Management Cloud Service empowers banks to offer a comprehensive virtual accounts solution that easily scales to meet client needs.
With the increasing need for efficiency and clarity around working capital, banks are starting to turn their attention to virtual account management.
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