The Transaction Banking Paradox

Discover how to bridge the gap between banks and corporates

Free Download

Fennech FinancialsReady to Move Beyond Traditional Treasury Management?
Winner of Payment Technology Provider

Winner of Payment Technology Provider

Simplify Corporate Banking with Digital Cash Ledgers and Virtual Accounts


Many corporates struggle to manage multiple bank accounts across various banking partners. While some accounts are necessary for currency movements and regulations, many are just ledgers for business units or legal entities. Let's explore how digital cash ledgers and virtual accounts can help.


Chief Revenue Officer | Melina Moussali

Chief Revenue Officer

Melina Moussali


Trusted by partners

trusted by partners
Melina MoussaliDigital cash ledgers and virtual accounts offer a solution by enabling the creation of multiple virtual ledgers linked to a minimal number of physical bank accounts. This innovative approach optimises reporting, enhances control, and simultaneously reduces costs and reconciliation challenges

Melina Moussali

Chief Revenue Officer

"Digital cash ledgers and virtual accounts offer a solution by enabling the creation of multiple virtual ledgers linked to a minimal number of physical bank accounts. This innovative approach optimises reporting, enhances control, and simultaneously reduces costs and reconciliation challenges "

Virtual Bank Accounts: Why Businesses Should Own Them

Managing multiple physical bank accounts is cumbersome and costly, requiring daily reconciliation. V-accounts simplify this by creating virtual cash ledgers for corporate entities, offering a detailed view of transactions and liquidity. They allow for granular analysis of cash positions across different business units, legal entities or geographies and streamline financial operations with predefined rules that automate payment allocation, reducing both complexity and costs.


Managing multiple physical bank accounts is cumbersome and costly, requiring daily reconciliation. V-accounts simplify this by creating virtual cash ledgers for corporate entities, offering a detailed view of transactions and liquidity. They allow for granular analysis of cash positions across different business units, legal entities or geographies and streamline financial operations with predefined rules that automate payment allocation, reducing both complexity and costs.
Simplify Cash Management

Create virtual accounts linked to a minimal number of real bank accounts. This streamlines your structure, reducing costs and reconciliation burdens. Gain maximum control and clear reporting with Fennech's Virtual Accounts, empowering you to optimise your financial management.


Create virtual accounts linked to a minimal number of real bank accounts. This streamlines your structure, reducing costs and reconciliation burdens. Gain maximum control and clear reporting with Fennech's Virtual Accounts, empowering you to optimise your financial management.
Virtual Accounts in Healthcare: Revolutionising Financial Management

Complex treasury requirements continually challenge the healthcare industry. Amidst striving for clinical excellence, healthcare providers grapple with efficiently managing cash flows and operational costs. The sector’s financial landscape is intricate, marked by the need for meticulous handling of patient billing, insurance claims, and numerous transactions. Find out more about how virtual accounts can help enhance cash flow management in healthcare finance.


Complex treasury requirements continually challenge the healthcare industry. Amidst striving for clinical excellence, healthcare providers grapple with efficiently managing cash flows and operational costs. The sector’s financial landscape is intricate, marked by the need for meticulous handling of patient billing, insurance claims, and numerous transactions. Find out more about how virtual accounts can help enhance cash flow management in healthcare finance.

Simplify Account Management with Digital Cash Ledgers


.

Managing cash across multiple bank accounts, currencies, and business entities has become increasingly complex.

Finance teams are expected to make faster decisions, maintain real-time visibility, and ensure complete control over liquidity, all while reducing costs and operational risk.

Yet traditional tools often fall short, relying on fragmented data, delayed reporting, and manual processes that introduce inefficiencies.

This is where Digital Cash Ledgers come in.

These smart, real-time tools consolidate financial data from across the organisation into a single, accurate, and continuously updated view of your cash position.

By acting as a central source of truth for liquidity, Digital Cash Ledgers enable treasury teams to move from reactive reporting to proactive, data-driven decision-making.

In the sections below, we’ll explore what Digital Cash Ledgers are, the key benefits they offer, and how they’re transforming treasury functions across modern enterprises.

Want to understand how Digital Cash Ledgers could work for your organisation? Get in touch with us to discuss how we can help streamline your treasury operations.

. ### **Managing cash across multiple bank accounts, currencies, and business entities has become increasingly complex.** Finance teams are expected to make faster decisions, maintain real-time visibility, and ensure complete control over liquidity, all while reducing costs and operational risk. Yet traditional tools often fall short, relying on fragmented data, delayed reporting, and manual processes that introduce inefficiencies. ### This is where Digital Cash Ledgers come in. These **smart, real-time tools** consolidate financial data from across the organisation into a single, accurate, and continuously updated view of your cash position. By acting as a **central source of truth for liquidity**, Digital Cash Ledgers enable treasury teams to move from reactive reporting to proactive, data-driven decision-making. **In the sections below**, we’ll explore **what** Digital Cash Ledgers are, the **key benefits** they offer, and **how they’re transforming treasury function**s across modern enterprises. #### Want to understand how Digital Cash Ledgers could work for your organisation? Get in touch with us to discuss how we can help streamline your treasury operations.

SEE MORE ON ACCOUNTING




What Are Digital Cash Ledgers and Virtual Accounts?

• Digital Cash Ledgers: A digital cash ledger is an electronic record used to track cash transactions and balances. Often centralised, it logs all inflows and outflows of cash, supporting real-time visibility into cash positions and helping companies maintain precise control over liquidity. • Virtual Accounts: Virtual accounts are sub-accounts tied to a primary bank account. They allow companies to allocate funds and manage transactions by specific departments, clients, or subsidiaries without opening separate physical accounts, streamlining processes and reducing banking fees.

• Digital Cash Ledgers: A digital cash ledger is an electronic record used to track cash transactions and balances. Often centralised, it logs all inflows and outflows of cash, supporting real-time visibility into cash positions and helping companies maintain precise control over liquidity. • Virtual Accounts: Virtual accounts are sub-accounts tied to a primary bank account. They allow companies to allocate funds and manage transactions by specific departments, clients, or subsidiaries without opening separate physical accounts, streamlining processes and reducing banking fees.

Key Benefits

• Enhanced Cash Visibility: Digital cash ledgers update instantly, providing treasury teams with real-time insights into cash positions across accounts. Virtual accounts add another layer by allowing segmentation for specific purposes, like project funding or regional tracking. • Reduced Operational Costs: Virtual accounts eliminate the need for multiple bank accounts, lowering transaction and maintenance fees. Combined with digital cash ledgers, companies can further reduce reconciliation time and effort, freeing up resources. • Streamlined Reconciliation: Digital cash ledgers automate transaction recording and matching, significantly reducing manual reconciliation work. Virtual accounts simplify tracking by consolidating related transactions, helping treasury teams close accounts faster and with fewer errors.

• Enhanced Cash Visibility: Digital cash ledgers update instantly, providing treasury teams with real-time insights into cash positions across accounts. Virtual accounts add another layer by allowing segmentation for specific purposes, like project funding or regional tracking. • Reduced Operational Costs: Virtual accounts eliminate the need for multiple bank accounts, lowering transaction and maintenance fees. Combined with digital cash ledgers, companies can further reduce reconciliation time and effort, freeing up resources. • Streamlined Reconciliation: Digital cash ledgers automate transaction recording and matching, significantly reducing manual reconciliation work. Virtual accounts simplify tracking by consolidating related transactions, helping treasury teams close accounts faster and with fewer errors.

Applications in Corporate Treasury

• Liquidity Management: Digital cash ledgers provide real-time cash insights, essential for accurate liquidity planning and forecasting. Virtual accounts allow funds to be efficiently allocated and transferred across various units or subsidiaries, optimizing cash usage and reducing idle balances. • Cash Pooling: Virtual accounts facilitate notional or physical cash pooling, where companies can centralise and utilise funds across different entities without moving money between bank accounts. This improves liquidity and can reduce borrowing needs. • Efficient Intercompany Transactions: Virtual accounts enable intercompany transactions to occur internally, simplifying cash transfers among subsidiaries without needing external bank processing. This is especially valuable for multinational corporations managing cross-border payments.

• Liquidity Management: Digital cash ledgers provide real-time cash insights, essential for accurate liquidity planning and forecasting. Virtual accounts allow funds to be efficiently allocated and transferred across various units or subsidiaries, optimizing cash usage and reducing idle balances. • Cash Pooling: Virtual accounts facilitate notional or physical cash pooling, where companies can centralise and utilise funds across different entities without moving money between bank accounts. This improves liquidity and can reduce borrowing needs. • Efficient Intercompany Transactions: Virtual accounts enable intercompany transactions to occur internally, simplifying cash transfers among subsidiaries without needing external bank processing. This is especially valuable for multinational corporations managing cross-border payments.

Best solution recommendations

Dramatically reduce operational expenses while enhancing the efficiency of your financial processes.
Reduced Operational costs

Dramatically reduce operational expenses while enhancing the efficiency of your financial processes.

Manage and track all your payables and receivables between a network of agencies, suppliers, affiliate companies, or internal group entities
Agency Management

Manage and track all your payables and receivables between a network of agencies, suppliers, affiliate companies, or internal group entities

At the heart of F³ lies the transformative process of digitalisation. We take your raw financial data and elevate it into a realm of strategic potential. By extracting key data elements and structuring them into Digital Contracts and Smart Transactions, F³ not only simplifies financial operations but also empowers you with insights that drive business growth.
The Process of Digital Transformation: Reimagining Financial Operation...

At the heart of F³ lies the transformative process of digitalisation. We take your raw financial data and elevate it into a realm of strategic potential. By...

Winner of Payment Technology Provider

Winner of Payment Technology Provider

UK Payment Awards of the Year

Get your accounting guide

Download free fact-sheet on virtual accounts

Download free fact-sheet on virtual accounts

What Others Say


★★★★★

Fennech’s F³ platform excels in flexibility, customisability, and scalability, crucial for transforming treasury and finance through hyper-automation. Their affordable services cater to medium-sized companies, emphasising the need for real-time data and robust, secure processes, a lesson underscored by the COVID crisis.


ATEL, Francois Masquelier Chairman and CEO
Fennech’s F³ platform excels in flexibility, customisability, and scalability, crucial for transforming treasury and finance through hyper-automation. Their affordable services cater to medium-sized companies, emphasising the need for real-time data and robust, secure processes, a lesson underscored by the COVID crisis.
★★★★★

By combining the wide capabilities of Fennech Next-Gen Banking technology with AccessPay market leading bank integration platform, we were able to quickly and with minimal development effort, create a seamless experience for the Fennech client to provide a completely new cash network for the French market.


AccessPay, Anish Kapoor CEO
By combining the wide capabilities of Fennech Next-Gen Banking technology with AccessPay market leading bank integration platform, we were able to quickly and with minimal development effort, create a seamless experience for the Fennech client to provide a completely new cash network for the French market.
★★★★★

Fennech delivered a complex e-commerce trading network on time and on budget. The modularity and strength of their platform allows us to quickly add functionalities to exactly meet specific client demands.


Brinks, Mark Favero CEO
Fennech delivered a complex e-commerce trading network on time and on budget. The modularity and strength of their platform allows us to quickly add functionalities to exactly meet specific client demands.

How does it work?


  • Get insights

    Discover how Fennech helps transform financial operations

  • Discuss strategy

    Share your transformation goals with our experts

  • Get results

    Start your finance transformation today

Questions
What are Virtual Accounts?

Fennech Financial's Virtual Accounts are digital cash ledgers linked to a primary bank account, enabling businesses to create multiple sub-accounts without the need for additional physical bank accounts. This approach simplifies financial management by providing detailed insights into transactions and liquidity across various segments of an organization, such as departments, subsidiaries, or projects. By implementing Fennech's Virtual Accounts, businesses can streamline financial operations, reduce banking fees, and gain comprehensive insights into their cash flows, leading to more efficient and effective financial management. Want to know more? get in touch!

What capabilities does an in-house virtual bank offer corporations?

An in-house virtual bank allows corporations to establish an in-house virtual banking system, enabling comprehensive control over account maintenance for subsidiaries and interaction with multiple banking partners. It empowers organisations to optimise cash positions across multiple trading and legal entities by automating credit position controls, cash pooling, interest distribution, and loan documentation. It also enables the creation of unlimited virtual accounts with defined business rules for payment allocation, reducing bank charges and automating reconciliation processes.

What capabilities does an in-house virtual bank offer corporations?

An in-house virtual bank allows corporations to establish an in-house virtual banking system, enabling comprehensive control over account maintenance for subsidiaries and interaction with multiple banking partners. It empowers organisations to optimise cash positions across multiple trading and legal entities by automating credit position controls, cash pooling, interest distribution, and loan documentation. It also enables the creation of unlimited virtual accounts with defined business rules for payment allocation, reducing bank charges and automating reconciliation processes.

Explore more accounting


insurance

cashflow

digital transformation

erp

accounting

reconciliation

etl

virtual bank

finance operations

solutions

liquidity management

tips

invoices

real estate


Guide: Boost Cash Flow Visibility with Virtual Accounts

Guide: Boost Cash Flow Visibility with Virtual Accounts

Guide: Virtual Accounts - Boosting Treasury Optimisation for Enterprises

Guide: Virtual Accounts - Boosting Treasury Optimisation for Enterprises

Simplify Corporate Banking with Digital Cash Ledgers and Virtual Accounts

Simplify Corporate Banking with Digital Cash Ledgers and Virtual Accounts

EFT Benefits for Treasury: Cost Reduction & Process Optimisation

EFT Benefits for Treasury: Cost Reduction & Process Optimisation

Ready to Move Beyond Traditional Treasury Management?

home >

treasury >

accounting >

digital cash ledger >