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Virtual Accounts
Take advantage of simplified reconciliation
Identify payers without having to rely on additional information in the account credits.
About Virtual Accounts
Track your receivables by creating and maintaining virtual accounts through businessONLINE. Virtual Accounts allow you to identify payers without having to rely on additional information in the account credits, while actual funds are being received in the underlying physical account, all in real-time.
Features of Virtual Accounts
Bulk virtual account creation/maintenance via file upload.
Pre-activated for immediate use.
Flexibility to define the corporate reference of the payer in the virtual account.
Deposit cash, receive local & international payments.
Online virtual account report downloads.
Benefits of Virtual Accounts
Save cost with reduced overheads
and reconciliation errors.
Simplified reconciliation
and payer identification.
Shorter sales cycle with
reduced days sales outstanding.
Easy transaction tracking with
the availability of detailed reports.
Improved reconciliation
at the payer levels.
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