Tietoevry's VAM solution is a part of the All-in-One Cash Management product suite. It's an innovative platform designed to enhance corporate banking services through real-time liquidity management and streamlined cash flow visibility.
Use Cases:
Cash Concentration for Corporates:
- Corporates can channel payments and receivables through a single real bank account, simplifying cash management and providing real-time visibility of liquidity across multiple subsidiaries.
Payment and Receivables on Behalf Of (POBO/ROBO):
- VAM supports complex treasury management scenarios, allowing businesses to manage payments and receivables on behalf of different entities, enhancing operational efficiency.
Embedded Banking Solutions:
- Virtual Accounts enable businesses to integrate banking services directly into their platforms, providing customers with seamless access to financial functionalities. For example, an e-commerce platform can offer customers the ability to manage payments and track transactions without leaving the site, enhancing user experience and engagement.
Customizable Account Structures:
- Businesses can create tailored virtual accounts for specific projects, customers, or entities, allowing for better tracking and management of funds. This flexibility supports diverse business models and enhances financial control.
Automated Reconciliation:
- VAM facilitates straight-through processing of receivables, enabling instant reconciliation and reducing manual effort. This is particularly beneficial for businesses with high transaction volumes.
Cost Reduction:
- By minimizing the need for multiple real bank accounts, businesses can reduce banking fees and streamline their financial operations, leading to significant cost savings.
Position your bank as a leader in corporate banking innovation with Tietoevry's Virtual Account Management. Empower your clients with a solution that enhances efficiency, visibility, and control over their financial operations.
https://www.tietoevry.com/en/banking/transaction-banking/cash-management/
Best-in-class EU vendor
Tietoevry Banking recognized as best-in-class European vendor for Virtual Account Management (VAM) platforms
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Recognized as a Leader
Tietoevry Banking was named a Leader in the IDC MarketScape: Worldwide Cash Management System 2024 Vendor Assessment.
