While considerable work is still to be done for real-time global payments to become a reality, the importance of implementing real-time transactions is clear, and significant progress is already being made, with over 35 countries having now adopted – or transitioning to – some form of faster payment scheme.
The industry has created confusion by using the term ‘virtual accounts’ to describe a wide range of products. This article aims to demystify the terms being used to describe Virtual Account Management (VAM) or Virtual Ledgers, as well as assessing the capabilities available today and in the future.
A variety of organisational factors make cash flow forecasting challenging in any large multinational organisation. Pearson's new artificial intelligence based solution aims to provide a detailed cash flow forecast in a single dashboard.