Virtual accounts are a compelling alternative for companies to simplify tracking amount receivables! Most companies are looking to stay in control of business cash flow. And Open’s virtual accounts enable businesses to manage expenses smartly. By overviewing the entire cash flow and cash positioning from a single dashboard, businesses can Read more…
Let’s face it – businesses, in general, have taken a massive hit due to the outbreak of COVID-19. Though the global economy is starting to show signs of gradual recovery from this ‘virus slump’ – there’s no denying the fact that surviving the pandemic has been a herculean task for Read more…
Move over regular accounts – Virtual accounts are here and they’re here to stay! Also known as a ‘shadow account’, a virtual account is essentially a non-physical bank account that you can create and assign to each of your paying customers. These ‘new kids on the block’ have been the Read more…
If you are someone who follows the fintech space at close heels, you would have definitely noticed the buzz word ‘neobanks’. While they were pretty popular in the US and European markets, it’s only recently that they hit the buzz wave in the Indian market. For years, banks struggled to Read more…
Whether you know it as bulk payments or mass payouts – they sure have been generating quite a buzz lately. Over the course of the past decade, popular tech companies have been battling churn rates and devising new formulas to scale vendor and partner payments. Having said that – the Read more…