Virtual account management - Receivables

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)


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

Key Features

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).

Key Benefits

• 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

Product/Service details