The World Leader In Intercompany Netting

Over 25 Years' Experience

Servicing 22900 Business Units

Presence In 187 Countries

Process Improvement

The netting tool is working very well and has proved to be a great process improvement for our company that processes numerous invoices and payments.

- Global Entertainment Company

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Facile à utiliser

L'outil de netting est facile à utiliser, et a pu être ciselé en fonction des besoins du Groupe Faiveley Transport. La mise en place de la plate-forme de netting s’est révélée simple, l’administration l’est tout autant.

- Faiveley

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Excellent

In 2012, we implemented the new Coprocess netting tool. The preparation and support of Coprocess staff was excellent. We had a smooth transition and have been working with the new system for almost one year now.

- Nestlé

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Balance Netting

An arrangement with your bank that allows use of or offset of the cost of, funds held in subsidiary bank accounts. This could be notional pooling, sweeping see also notional pooling, sweeping.

Balance Sheet

A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

Bank Float

The difference in value dates between a payment request being debited and the funds arriving at their destination.

Base Currency

The currency all transactions are converted to and all FX deals are quoted against in the netting system.

Bilateral Netting

Bilateral netting is a process by which two parties (supplier and client to each other) reduce or aggregate the overall number of transactions between them. This decreases actual transaction volume between the two parties. It also decreases the amount of accounting activity and associated business costs (for example, banking fees). A multilateral netting system must still accommodate direct settlement between participants and any bilateral netting.

Book Rates

Group company level rates used to calculate transaction values in a cross currency ledger.

Bulk Payments

Usually a means of settling the netting with cheaper bulk payments, perhaps to 3rd parties making use of in-country local clearing such as Multicash in Germany or SEPA in the EU, BACS in the UK, etc.

Business Day

See Netting Calendar, this is the date treasury (typically) completes any FX deals to clear surplus and deficit currencies in the netting, see also Deal Sheet.

Business Unit

See Subsidiary.

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Our Services

Intercompany Netting

Brings simplicity, savings & visibility to Intercompany. Up to 70% reduction in payments & FX volumes, centralises banking relationships, reducing float and complexity. Integrates with your current Treasury technology. Real time intercompany netting system using our optional API in a secure private cloud. Also known as multilateral netting, netting and multilateral settlement.


Intercompany Reconciliation

Gives visibility over intercompany transactions including AR & AP, interest, loans and treasury transactions. Eliminates mismatches & facilitates automatic reporting. Real time reconciliation system for invoice matching, negotiation and dispute handling. Always available, specifically designed system with API technology.


Vendor Payments

Payment On Behalf Of; with all the benefits of netting plus the liquidity and control of payment centralisation. Mix and match payment factory features for vendor & intercompany payments.

Delivering Benefits - Our clients save money and improve their efficiency every day using our automated intercompany netting system for total visibility and control over their settlements.