Virtual account management - Liquidity

TietoEVRY’s Virtual Account Management (VAM) includes a set of capabilities that can be used to support a broad range of business propositions that span over both, customer and market segments. VAM uniquely combines payments handling, reconciliation and intelligent routing capabilities with virtual account management, in a modular and configurable platform

Main propositions based on common platform include: • Client Money Management • Payments-on-behalf-of (POBO) / receivables-on-behalkf-of (ROBO) • Liquidity management and reporting, including multibank liquidity • Virtual Cash Management • Balance Netting The platform provides such capabilities, as extended reporting, wide range of self-service features, entitlement management, approval rules, intuitive user interface, integration layer (incl. host-to-host, APIs).

• Rationalisation of physical bank account structures to improve operational efficiency • Client self-servicing and flexibility to define virtual account structures reflecting corporate operations and ERP solutions • Operational efficiencies arising from a centralized Payment Service Provider (PSP), (payment-on-behalf-of (POBO), and collections-on-behalf-of (COBO)) • Auto allocation and reconciliation of incoming funds • Central visibility of funds and global liquidity management • Central visibility of multi-bank funds • Optimal inter-company flows to support global supply chain operations