Clear the Path to Capital Clarity
with Virtual Account Management

Help your Corporate clients re-imagine a leaner,
more efficient treasury.

Virtual Accounts are not a new concept, but with the advent of faster payments and open banking, they have evolved to offer banks and their corporate clients powerful use cases. We invite you on a journey to see how VAM is transforming treasury functions —with endless applications.

Download your VAM guide book today!

Growth Creates Complexity.
Sustained Growth Necessitates Simplicity.

What’s Slowing Your Clients Down Today?

Complexity

300+ Accounts

Mid-to-large sized Corporates have to manage an average of 300+ bank accounts. Each comes with its own set of costs, and oversight requirements.

Limited Insights

1 in 3

Making informed decisions is difficult without the right insights. Yet only 1 in 3 Corporates have accurate, real-time information on their cash and liquidity positions.

Manual Processes

59%

59% of a finance team’s resources are spent just on managing time-consuming, manual processes. Your clients are busy, but on the wrong, unproductive tasks.

Outdated Channel Experience

43%

The world has shifted to smart phones and digital channels. Yet your clients are still using antiquated legacy systems. In fact, only 43% of corporate banks have a clear digital strategy.

$1,200,000,000,000

Trillions in trapped cash opportunities as a result of inefficient capital management

Download Infographic

Feature case study: Future Motors

Future Motors is a US-based car manufacturer that operates via various subsidiaries that serve multiple dealers, but operates one treasury. All dealers in the network take vehicles on credit terms throughout the year and, after a specified, pay to a single current account held by Future Motors Inc. at ABCbanc. Dealers are instructed to include their Dealer ID Number when making payments, but many forget to provide the information or enter an incorrect ID.

As a result, Future Motors incurs significant overhead related to manually reconciling payments. This also slows the process and increases sales outstanding by more than 30 days—driving up costs by $15 million annually.

95%

Reduced costs for manual intervention and follow up by 95% thanks to auto-reconciliation of receivables

$7.5m

Cut sales outstanding in half by reducing errors and enabling timely follow up — saving $7.5 million annually

See how Future Motors Uses VAM

Re-imagine Payables & Receivables Management

With faster payments and open banking now commonplace, Virtual Accounts have evolved to provide greater transparency, account reconciliation, and cash liquidity management.

Watch the Story of how a Manufacturer uses VAM to streamline their reconciliation process.

Real-time Liquidity Views. And Then Some.

Oracle Banking Virtual Account Management

Organizations need real-time clarity from their bank, and Oracle’s modern VAM addresses cash management challenges for banks and business of many sizes — not just large corporates.

Today’s corporates are looking for alternative ways to gain greater insight and control of their financial position, while cutting costs. Virtual accounts not only meet these needs, they also provide banks and corporates with greater operational efficiency.

Modern, flexible VAM capabilities transform banks into innovators by enabling them to automate payables and receivables reconciliations, simplify account hierarchies — in line with existing account management systems — and control capital more efficiently.

Powered by a modern platform with self-service functionality, AI and Machine Learning capabilities, and integrated analytics, Oracle’s VAM solution has the potential to be infinitely flexible with new use cases imagined daily.

What’s driving Corporate Banks to look to VAM?

32%

of corporates are not satisfied with their cash visibility

52%

of companies have no confidence in their cash flow forecast

95%

of effort wasted on items that already match

The Bank as Innovator and Guide

By offering flexible and advanced VAM capabilities, banks can deliver value to corporates in three important ways:

1

Assist in the automation of payables
and receivables reconciliation

2

Help corporates to define complex account hierarchies
and seamlessly synchronize with the bank’s account
management systems

3

Provide corporates with visibility to enhance
control over capital and manage money efficiently

Latest Takes On VAM

If you talk to somebody who was doing [Virtual Accounts] 20 years ago, they’ll say its old hat, but when you look at it in a world with API-enabled open banking and real-time account information and huge amounts of data, you get a very rich environment. So, I think that’s why it’s time to look at it again.

David Bannister, Senior Analyst, Aite Group

On-demand Webinar

Decoding the Buzz: The Evolution of Virtual Accounts. And Why Now?

Virtual Accounts are more than just a banking buzzword. And today, every bank has its own view on how to capitalize on them. In this on-demand webinar, Oracle Financial Services partners with Aite Group to examine:

  • how self-service functionality, open-banking and real-time payments have enriched the applications of VAM
  • an old vs. new look at the use cases of VAM
  • coupling enhanced data and predictive analytics for better clarity and control.

View webinar

On-demand Webinar

Webinar listening guide

Missed our on-demand webcast? Don’t have time to listen in full?

Download your handy listening guide

Seeking the Value in Solutions

While VAM itself is not a new concept, technology advancements — including expanded self-service, open banking, and real-time payments capabilities — open the doors for exciting new possibilities and business cases.

Managing Third-Party Funds

  • Tracking inflow and outflow of funds while segregating client funds
  • Managing internal interest calculation and liquidation through virtual accounts

In-house banking

  • Efficiently managing corporate liquidity
  • Rationalizing real accounts and centralizing cash across geographies
  • Facilitating inter-entity usage of available liquidity
  • Using virtual accounts for receive/pay and to track subsidiary cash positions

Re-imagining payables and receivables management

  • Automating and tracking receivables reconciliation
  • Centralizing payables/receivables for subsidiaries
  • Assigning virtual identifiers to facilitate collections and reconciliations

Additional content

Reimagine Payables and Receivables Management

Reimagine Payables and Receivables Management

Take a journey into one of VAM’s powerful use cases, with this interactive, easy-to-navigate guidebook.


Read Our Use Case eBook

Decoding the VAM Buzz

Decoding the VAM Buzz

Modern VAM is more than just a banking buzzword, it’s the technology catalyst set to re-imagine treasury and solve multiple problems for corporates and banks. Learn who benefits and how, and find out ways VAM is evolving, to deliver capital clarity.

Read the blog

The Evolution of Virtual Accounts

The Evolution of Virtual Accounts

Hear Conor Colleary, VP Oracle Financial Services talk VAM; how it’s driving today’s evolution in banking, how banks are currently using it to help corporate clients, and how he sees VAM adoption easing the pressure on capital in the future.

Watch the video