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.

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

Trusted by partners

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.