Virtual Accounts Solution
What is Virtual Accounts Solution?
Virtual Account solution solves the problem of receivables reconciliation by providing –
- A unique virtual account number for each payor which contains payor information and relevant beneficiary account number
- Automatic crediting to the relevant beneficiary account with the payor details shown on the statement narrative
- Ability to capture purpose of payments in account number itself
- Detailed MIS and periodic alerts available to facilitate faster reconciliation
Our Relationship Manager will connect with you at the below mentioned details, within the next three working days.