Why Treasury Is Going Virtual
Global treasurers have found a tool that moves them closer to rationalized account structures and centralized transaction processing.
Businesses and treasury functions are always evolving, and so are their cash management tools.
One such tool is Virtual Account Management (VAM), which has become increasingly popular among global treasurers. That’s because VAM:
- Enables the segregation of activity under a single, centralized bank account, making it easier to report and account for cash movement
- Retains the visibility and reporting treasurers need to facilitate reconciliation and internal accounting
- Provides a comprehensive view of the cash picture to enhance treasurers’ decision-making process