Our virtual accounts meet our corporate customers’ ambition to optimize cash and liquidity management and simplify streamline bank account structures.
With Virtual Accounts, you may improve visibility of your total liquidity while also enabling fund segregation and automated payment reconciliation. Calculate the amount of bank accounts you’ll need to handle via self-service, taking into account payments per client, entity, or project.
Improved Reconciliation
Automate the incoming payment reconciliation procedure when alternative reference payments and direct debit alternatives are limited or unavailable.
Easy Collections and Payments
Create a payment and collection factory with Virtual Account hierarchies for smooth and centralized collection.
In-House Bank
Create an in-house banking system that reflects multi-entity business activities by utilizing incoming and outgoing payments as well as transfers across virtual accounts.
Smart Virtual Account Management (VAM) Solutions
Cash management can become overly complex and opaque as a business grows. Virtual accounts enable you to gain control of your money. Whether you’re already operating globally or looking for local simplification, our VAM solution can assist organize your data to meet your goals.
Monitox Limited, is a Limited Liability company registered in Scotland, under Company Nr: SC627907.
Monitox Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Firm Reference 901012).
Monitox Limited is registered on the Information Commissioner’s Office’s Register of Data Controllers under number: ZB190422.
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The website www.monitox.com is owned and operated by Monitox Limited, Suite 20, 196 Rose Street, Edinburgh, Scotland, EH2 4AT, UK. London Office: Heron Tower, 110 Bishopsgate, London, EC2N 4AY.