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Wholesale Banking

Virtual cash management is here, now what?

Today, the digital age presents exciting opportunities to improve processes, not least in the world of treasury. The continued digitalization and standardization of cash management, for instance, is a chance to increase visibility, automation, efficiency and control. Widely considered to be the greatest inventor of all time, Thomas Edison had a motto: “There’s a way to do it better – find it.”

At ING Wholesale Bank, we also believe it is an opportunity to make the life of the treasurer that bit easier, which is precisely why we have created a next generation digital cash management solution, centred around treasurers’ current and future needs.    

Combining cross-border virtual accounts with an advanced multi-bank cash management dashboard, our Virtual Cash Management solution is designed to allow every company, regardless of their financial IT infrastructure, to rationalize their bank accounts, centralise multi-entity cash and improve cash visibility. What’s more, our solution enables treasurers to establish a virtual in-house bank and on-behalf of structures, whilst offering enriched reporting and facilitating invoice matching.

As the role of the treasurer becomes more strategic and the optimisation of treasury operations remains top of mind, this whitepaper examines how the increased insight and control that ING’s Virtual Cash Management solution offers can assist treasurers – from increasing operational efficiency and optimising working capital, to speeding up sound financial decision-making. If you would like to learn more about any aspect of our Virtual Cash Management solution, or discover how ING could help your treasury department to take the next step towards centralisation, please do not hesitate to get in touch.

Find more insights in the whitepaper