Make the virtual a reality with M&T鈥檚 Virtual Account Management solution
M&T鈥檚 Virtual Account Management (VAM) provides an array of features that seamlessly integrate treasury functions and bring new meaning to the concept of modern premier liquidity management.听
Tomorrow鈥檚 treasury solution is here.
Instead of treasurers having to juggle numerous physical accounts, funds are housed in a single physical account, while being simultaneously held across multiple virtual sub-accounts that are assigned to different business groups, customers, categories, or affiliates. It鈥檚 cash management made simple.
Each virtual sub-account has a unique identifier that enables it to record deposit or withdrawal transactions, helping to reduce administrative and operational burdens 鈥 whether by directly reconciling payments to invoices, streamlining payables, or simplifying tracking.
How M&T鈥檚 VAM can help lend clarity to treasury complexity
Allows for heightened cross-account visibility and a holistic view of your financial operations, as transactions post to the overarching physical 鈥減arent鈥 and virtual 鈥渃hild鈥 sub-accounts
Redefines self-service, as customers can seamlessly open and close virtual sub-accounts without bank intervention or having to complete arduous documentation
Provides data in real time, segregating payments by virtual sub-account, to make reconciliation easier and less time-consuming
Helps prevent fraud and mitigate risk through reduced exposure, as the virtual sub-accounts do not house the actual physical funds
Is M&T鈥檚 VAM right for you?
Does your business...
Have multiple physical bank accounts for payables/receivables?
Need more real-time transparency in understanding balances and cash flow by customer, product, or business unit?
Perform reconciliations manually?
Collect payments on marketplaces, on a subscription basis, or have a need to track payments?
Ready to Get Started?
Contact one of our dedicated team members today to learn more about Virtual Account Management.听
Complete the form to start a conversation or call 1-800-724-2240 (Monday-Friday 8am-6pm ET) to speak with us.
