The demand for Virtual Account Management (VAM) solutions have radically increased in recent years, from both banks and their corporate customers. Our latest research found that 99% of banks surveyed either currently offer or plan to offer a virtual account solution to their customers over the next 18 months.
But what is it? Using real case study examples, Cashfac’s Head of Product Management and Business Development Director have aimed to answer some of the most common questions we get asked (from banks and corporates) including:
What is Virtual Account Management?
Why is there so much market demand from corporates?
What do VAM solutions actually offer?