Coprocess held a Best Practice Multilateral Netting Workshop on Tuesday May 23rd 2017, prior to the Windy City Summit at the Navy Pier Convention Center Chicago.
The workshop was an educational event focused on the benefits of intercompany netting, vendor payments and reconciliation. There was client case studies by ZF TRW and Eaton Corporation, a demonstration of the latest features in the Coprocess system, open discussion and Q&A. The workshop was well attended by Coprocess clients, Corporates and Partners.
The workshop was designed to appeal to Treasurers, Asst Treasurers, members of the Treasury team (Manager, Analyst, FX Dealer), Corporate Controller and those working with them, such as Auditors, Finance (CFO, Accounting), SSC’s (AP & AR departments), Treasury Consulting organisations and International Banks.
Timing: 10am - 12:30pm (ahead of the opening of the Windy City Summit).
One can read more about the Windy City Summit here: www.windycitysummit.org
Agenda
9:30 Coffee and Registration
10:00 Welcome and Introduction - by Colin Randall, Coprocess SA
10:20 ZF TRW Case Study - presented by
Kelly Laliberte – Treasury Manager
- topics:
- Overview – company, netting process
- From Multilateral Netting to Vendor Payments – a centralized POBO solution
- Vendor Payments – frequency of settlement, communication to vendors
- Links to Banks and ERP integration
- Benefits of Multilateral Netting and Vendor payments
- The Future
10.45 Eaton Corporation Case Study - presented by
Tim Earl - Director - North American Treasury Center
- topics:
- Overview – company, netting history
- Multilateral Netting Before and After
- Netting and Settlement Process
- Interfaces/links
- Savings/benefits
- The Future
11.10 Client Calculated Savings - presented by Tim and Kelly
- topics:
- FX Savings, Reduction in Float and Transaction Costs
- Structure, Discipline and Improved Communications
- Improved Invoice Processing with Month End Reconciliation
11:35 Demonstration of Coprocess Netting - by Stefan Larson of Coprocess SA
A brief walk through of the features in our latest netting solution including:
- Receivable driven netting
- Matching of AP with AR
- On-line discussion and dispute handling
- Mismatching analysis
- Vendor payment through netting
11:50 Q&A and Wrap-up followed by buffet lunch
