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To overview

Virtual cash management

Take virtual banking to new levels with ING’s virtual cash management solutions designed to achieve full cash concentration and oversight across your entire group. Maintain real-time consolidated cash positions from subsidiaries and other entities in one place, improving fund visibility, access, and reconciliation across multiple markets and locations.

Real-time full cash concentration and visibility from multiple Virtual Bank Accounts

Cross-border and entity fund consolidation, no matter your organisational structure

Combined with Virtual Ledger Accounts to maintain all the benefits of physical accounts

The total virtual cash management solution

  • Virtual Bank Account

    Concentrate cash between several local and cross-border sub-accounts in real time, automatically sweeping incoming payments on VBAs into a pooled header account. Maintain centralised cash positions and limit idle cash, facilitating pre-funding from a header account across sub-accounts to accommodate outgoing payments from VBAs.

    Learn more about Virtual Bank Account

  • Virtual Ledger Account

    Allocate funds to administrative sub-accounts without the need for manual reconciliation, with ING’s virtual ledger accounts. Enhance cash reconciliation and maintain comprehensive visibility of your entire cash positions to monitor liquidity across subsidiaries. Create your bespoke VLA hierarchy to suit your organisation’s structure with flexible, scalable, and simple virtual banking solutions.

    Learn more about Virtual Ledger Account

    • Complete overview of cash positions anywhere, anytime

    Optimise your cash control framework

    Optimise your cash control framework by configuring a bespoke account structure. Realise greater overview and control of your cash flow, helping you to reduce costs and mitigate fraud risk.

    Employee client report

  • Retain complete centralisation of cash and multi-entity transactions

    Maintain full centralisation of multi-entity transactions and cash with increased straight-through processing and reconciliation, plus streamlined order-to-cash and purchase-to-pay processes.

  • Cultivate flexible cash control framework

    Achieve greater flexibility within your cash control framework by building a virtual banking model fit for your organisational structure and needs, whether in domestic markets or across borders, and at single or multi-entity levels.

  • Maintain full visibility and overview of funds

    Easily manage current cash positions, control cash flow, and manage and administer intercompany loan positions across your entire subsidiary group to achieve full visibility and oversight of funds.

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    Virtual cash management features

    • Real-time overview of incoming payments and outgoing transactions at the multi-entity level.
    • Pre-funded outgoing transactions from individual accounts, sent from one cash pool VBA header account.
    • Zero balances and IBANs recognised in the local clearing.
    • Select single or multi-entity structures in domestic or cross-border markets to suit your organisation.
    • Combine a single physical bank account with an accounting VLA sub-ledger to enable segregated cash flow.
    • Receive funds to a main VLA current account and allocate cash flow to correct accounts based on payer/invoice data.
    • Automatically allocate funds to VLAs without needing to segregate funds manually.
    • Maintain an overview of inter-company loan positions, balances, cash flows, and more from international accounts.
    • Hold VBAs and VLAs in the same currency as the header account.
    Get in touch

    Take virtual banking to new levels with ING’s virtual cash management

    ING offers customised cash and liquidity management solutions to suit your organisational needs. We currently serve corporate clients and financial institutions in over 40 countries, pairing local and global insight with sector knowledge and financial expertise to provide greater cash flow control, visibility, and efficiencies for our customers. 
     

    Contact your ING representative to know more about our offering.

    Explore our Virtual Bank Account solutions

    Why partner with us

    Our purpose is to empower people to stay a step ahead in life and in business. So whatever your financial needs, whether you are looking to expand and want strategic advice, or just want to make your day-to-day banking more efficient, we are here to support your business ambitions.

    • Serving corporate clients and financial institutions in over 35 countries.
    • We pair local and global insight with sector knowledge with financial expertise.
    • We are ranked as a leader in sustainability and we are included in the FTSE4Good Index.
    • Euromoney

      Best bank for sustainable finance in Central & Eastern Europe

      2024
    • The Digital Banker

      Highly acclaimed best wholesale bank for sustainable finance in Europe

      2024
    • Global Finance

      Best bank for cash management in Central & Eastern Europe and Western Europe

      2024