
August 20, 2020
Virtual Accounts Can Be a Multipurpose Tool
Goldman Sachs wants to show treasurers the multiple ways virtual accounts can help with efficiency in a variety of transactions. Virtual accounts can help overcome a range of impediments when it comes to creating efficient and straight-through transaction processes. This is what has driven their growth from a simple receivables management tool to a multipurpose one that can help bank and bank account rationalization, on-behalf-of transactions and the once highly manual reconciliations process. Payments/Receipts On Behalf Of (POBO/ROBO)Virtual accounts can…