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To overview

Virtual Ledger Account

Allocate cash to administrative sub-accounts without the need for physical segregation. You’re in control of configuring your Virtual Ledger Account's hierarchy according to your unique needs, at any level you want. Settling transactions through your current account and allocating them to your desired Virtual Ledger Account (VLA) is a breeze, and you can enjoy total visibility on all your virtual accounts thanks to our powerful and user-friendly dashboard.

Flexible

Scalable

Simple

Increased efficiency in your cash management

  • Efficient cash allocation

    Sub-accounts allow for precise cash allocation without physically segregating funds, streamlining treasury operations and optimising cash management. Standard allocation rules are available to optimise allocation to the right VLA account using incoming transaction data (MT/CAMT statements) as the underlying source for allocation rules.

  • Comprehensive visibility

    Provide a consolidated view of cash positions, allowing treasury to monitor and analyse overall liquidity effectively.

  • Reduced KYC workload

    Consolidate documentation, streamline verification and minimise the need for redundant KYC reviews for each individual account.

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    How VLAs can be used in treasuries

    Cut bank fees

    Open, close and modify as many VLA accounts as needed, without the cost of real bank accounts.

  • Make reconciliation more efficient

    Transactions on the underlying accounts are immediately allocated to the VLA account based on the invoice number and/or the VLA reference collected from the uploaded invoices and payee data files.

  • Manage inter-company loans

    VLAs provide a structured, streamlined framework for managing inter-company loans and related interest calculations.

  • Optimise cash flow and financial stability

    Improve cash forecasting accuracy, optimise liquidity management and make informed decisions regarding funding and investments.

  • Enhance treasury capabilities

    Complement treasury management systems by expanding their functionality and supporting operational treasury models, especially those with in-house banking capabilities.

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    Enjoy visibility on all your VLAs and allocate cash to your desired VLA

    Integration 

    Our VLA module is an overlay solution that complements your existing treasury management systems or ERP, requiring no integration. It gathers data from bank statements, automatically generating reports to streamline your internal processes. The VLA output can easily be used or input into your TMS/ERP for further processing, ensuring a smooth flow of information. 

     

    Customisation 

    Through ING’s interactive channel, InsideBusiness, treasury departments can set up a VLA structure in exactly the way they need. Our virtual cash management solution places a strong emphasis on self-service. 

     

    Contact your ING representative to know more about our offering.

    Explore more virtual cash management 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