Consolidation of balances
Consolidation of balances by means of physical transfers between accounts in the company in cycles you defined will allow centralisation of the accumulated funds, management of them, optimisation and reduction of interest costs.
Virtual consolidation of balances
Virtual consolidation of balances (a.k.a. consolidation of balances without transfer of funds) permits virtual consolidation of funds at the end of each day in order to have interest accrued on the entire net balance, which maximises interest effectiveness of money on the company’s bank accounts.
Net Balance is a solution, thanks to which you can effectively manage the total balance on selected accounts of your business. Transactions made on any account covered by the service, which has insufficient funds available, can be debited against the total available balance of all the accounts covered by the service. Moreover if your company needs a working capital loan, Net Balance can also cover the account, in which the loan is made available.
Real cash pooling
Real cash pooling is a service of managing funds, which enables physical consolidation of funds from bank accounts of companies forming a capital group.
Virtual cash pooling
Virtual cash pooling (a.k.a. interest compensation) is a service meant for capital groups, which expect accrual of interest on balances of accounts in PLN according to the net virtual consolidated balance appearing at the end of the day.
Multi-currency virtual cash pooling
Multi-currency virtual cash pooling (a.k.a. multicurrency interest compensation) is a service similar to virtual cash pooling, however the structure of accounts forming the group may include not only PLN accounts but also FX accounts.