Concentrated corporate cash flow across VBAs
Real-time cash optimisation
Automatic transfer of payments and receipts from separate VBAs to a cash pool header account in real-time, facilitating immediate consolidation of cash flow & visibility at a central level and minimise idle cash.
Automated funding of local accounts
The consolidated balance on the cash pool header account is used to pre-fund outgoing payments send from the underlying VBA. This automated pre-funding is transaction based to avoid idle cash. Via the pre-funding mechanism no credit lines for outgoing payments are needed.
Improve your reconciliation
Straight through reconciliation and reduced manual post-processing of unmatched items. Via ING’s VBA solution all transaction details on a VBA are made available on the header account in real-time. For clients with cash flows coming in on behalf of different legal entities and locations, VBAs can help streamline the cash management process.