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Cash & Working Capital

Virtual Accounts Are Appealing, But Treasurers Cite Concerns

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February 05, 2019

NeuGroup peer group members continue to find good uses for virtual accounts; nonetheless, there are concerns about using them.

Virtual accounts mean different things to different people. One view is that to take full advantage, you want to have just one physical bank account and put all affiliates in all countries in a virtual account setup. But some take a more cautionary view.

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