Increased efficiency in your cash management
Efficient cash allocation
Sub-accounts allow for precise cash allocation without physically segregating funds, streamlining treasury operations and optimising cash management. Standard allocation rules are available to optimise allocation to the right VLA account using incoming transaction data (MT/CAMT statements) as the underlying source for allocation rules.
Provide a consolidated view of cash positions, allowing treasury to monitor and analyse overall liquidity effectively.
Reduced KYC workload
Consolidate documentation, streamline verification and minimise the need for redundant KYC reviews for each individual account.
Enjoy total visibility on all your virtual accounts and allocate cash to your desired VLA
Our VLA module is an overlay solution that complements your existing treasury management systems or ERP, requiring no integration. It gathers data from bank statements, automatically generating reports to streamline your internal processes. The VLA output can easily be used or input into your TMS/ERP for further processing, ensuring a smooth flow of information.
Through ING’s interactive channel, InsideBusiness, treasury departments can set up a VLA structure in exactly the way they need. Our virtual cash management solution places a strong emphasis on self-service.
Contact your ING representative to know more about our offering.