First and foremost benefit of implementing in-house banking is improving operational flexibility and providing expert banking transaction customer service to the participants/subsidiaries. The virtual account centralizes the liquidity in the cash pooling structure by lessening the need to sweep money from one bank account to another. In fact, it will also pave the way for the corporates who believe in managing two separate accounts for the same business entity, let’s say, account receivable and account payable. With the designated IHB entity, these corporates can manage virtual accounts to keep a separate line between the accounts receivable and payable without opening separate physical bank accounts. This concept will also work for those corporates who want to have multiple physical accounts but consider rationalizing and minimize the number of sweeps.