Unlock the full potential of Virtual Account Management.

The AFP Executive Guide: Virtual Account Management 2.0, underwritten by J.P. Morgan, explores how Virtual Account Management has evolved into a practical solution for a wide range of organizations. It covers the essentials of a core Virtual Account Management structure, how to build on your initial investment to enhance efficiency and control and best practices to help treasury teams get the most from their Virtual Account Management strategy. 

Download the guide to explore:

• The Story So Far
• The Next Steps
• Best Practices

THE STORY SO FAR

A virtual bank account is a sub-ledger within a physical bank account, enabling companies to route payments and manage transactions with unique account numbers or references. A core Virtual Account Management solution builds a network of virtual accounts under one legal account, helping organizations:

• Streamline operations
• Manage intercompany payments
• Reduce the number of physical accounts

THE NEXT STEPS

Implementing a Virtual Account Management network can deliver significant efficiency gains—streamlined cash use, improved visibility and centralized account management. To fully maximize its value, any decision to expand the solution should, just like the initial implementation, be guided by treasury’s core objectives. This guide will help you define those goals and evaluate how Virtual Account Management can drive improvements in:

• Liquidity management
• Financial risk reduction
• Operational efficiency

BEST PRACTICES

Virtual accounts are flexible tools used by organizations of all sizes. While the underlying technology is consistent, use cases can vary widely. Regardless of how Virtual Account Management is applied, there are key best practices that can help ensure successful implementation:

• View Virtual Account Management as a means to achieve your treasury objectives.
• Develop a strong business case and a clear implementation plan.
• Evaluate whether your current technology can support your Virtual Account Management goals.
• Assess existing processes and identify what needs to change.