Coprocess is delighted to announce that Bird & Bird, the international law firm, has chosen Coprocess.Netting as their worldwide netting solution. Bird & Bird wished to improve their intercompany settlement and will run a receivable driven netting to settle intercompany invoices
and settle recharges where the jurisdiction allows.
Bird & Bird selected Coprocess because it rated highly for its system and functionality in the areas of currency netting and automation. To quote Martine Leroux, the Project Manager, "we chose Coprocess as the system met our requirements", "intercompany settlement without a system is very cumbersome and we expect Coprocess to vastly reduce the time spent reconciling and clearing down our trading balances".
The netting system will be hosted by Coprocess which has many benefits for Bird & Bird such as quick implementation, no hardware to buy or software to install and will allow secure access for users for all the offices. The Coprocess system will be integrated into Bird & Bird’s existing Treasury environment, linking to the Practice Management system and providing secure access for all users across the firm.
About Bird & Bird
Bird & Bird is an international law firm, with a rare and invaluable grasp of strategic commercial issues. It combines exceptional legal expertise with deep industry knowledge and refreshingly creative thinking, to help clients achieve their commercial goals. It has over 1100 lawyers in 26 offices across Europe, the Middle East and Asia, as well as close ties with firms in other parts of the world.
About Coprocess
Coprocess is the world’s largest source of multilateral netting software expertise. Based in Geneva, Switzerland, Coprocess has been building netting system solutions for clients for more than 25 years and today has over 160 companies using its system.
