OUR VALUE
BNY helps clients optimize cash and liquidity operations, making it easy to open and manage U.S. dollar and multicurrency virtual accounts and account hierarchies through a customized, flexible, self-service platform.
SOLUTION HIGHLIGHTS
Virtual Account Management
We help simplify cash segregation and reconciliation, with the option to create and manage multiple virtual accounts linked to a single physical bank account.
Streamlined Account Setup
New accounts are easy to set up without additional documentation. Adjustable billing structures and comprehensive reporting are accessible via TreasuryEdgeSM, Swift, API and more.
Help Cash Optimization
Real-time cash-flow visibility and transaction-ledger management are available at the virtual account level. On-demand reporting enhances cash visibility and operational efficiency across the enterprise.
PRODUCTS & SERVICES
Cash and transaction activity is seamlessly segregated with customized, instant views into daily cash flows with unique virtual account numbers and parameters to help optimize cash management.
Payment receipt and reconciliation from multiple remitters is done more quickly with unique account numbers for specific groups. Digital reporting improves cash-flow insight.
- Thresholds are set to automatically fund Payments-On-Behalf-Of (POBO), Collections-On Behalf-Of (COBO) and In-House Bank (IHB) liquidity needs for subsidiaries in real time.
- Payment and collection functions are centralized via straight-through, seamless processing of POBO and COBO liquidity structures across legal entities for optimized treasury operations.
- Insight into POBO and COBO transactional activity across subsidiaries is improved with enhanced, transparent reporting for each individual entity/virtual account.
Virtual Reference Numbers (VRNs) provide a scalable, API-driven wallet solution that lets you manage client cash at the application or wallet level, with full customization and access to U.S local payment rails. Available for over 30 multicurrency accounts.
BENEFITS AT A GLANCE
Advanced Reporting
Balance and transactional activity for each individual entity/virtual account across the enterprise is available in real time for fast A/R insight and management.
Streamlined Transactions
Multiple virtual accounts can be consolidated into one physical bank account, streamlining the complex process of opening and managing separate physical accounts for each entity.
Improved Cash Visibility
Real-time transaction and balance reporting on individual virtual accounts is available instantly. Virtual sub-ledgers provide transparent, real-time views of your overall cash flow.
Validation & Protection
Account transparency and control is enhanced with quick anomaly detection using detailed segregation and real-time cash and transaction monitoring to reduce unauthorized activity.
READY TO TALK ABOUT
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