VTransact DigiTB – Accounts Services
In today’s corporate treasury landscape, a significant challenge lies in achieving a unified overview of accounts, balances, and transaction data across multiple banking partners. This complexity is compounded by inadequate integration and connectivity among banks. Corporate treasurers face the critical task of ensuring immediate access to consolidated account balances and transaction information from all their banking relationships.
The Account Services and Balance and Transaction Reporting module addresses this challenge by providing corporate entities with a consolidated view of their accounts across diverse banks, geographies, and currencies. It offers electronic statement reporting, real-time access to balances and transactions, and the capability to import and export data in various file formats.
The platform enables corporates to enhance their financial oversight and operational efficiency
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Key Capabilities:
- Aggregates accounts from multiple banks into one platform for simplified management and oversight.
- Enhances visibility of corporate account balances across regions, banks, and currencies, providing a comprehensive global view.
- Allows businesses to categorize accounts by bank, country, currency, and organizational unit for better segmentation.
- Displays an overview of cash balances across various account types such as current, savings, loans, investments, and cards.
- Offers customizable dashboards and widgets to present complex financial data in an easy-to-understand format.
- Utilizes simple charts and graphs for clear and effective data visualization.
- Supports exporting data in multiple industry-standard formats for seamless integration with other financial systems.
- Automates the digitization of non-financial transactions, boosting operational efficiency.
