Simplify Corporate Banking with 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.

• 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.

• 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.