This year's conference theme was how digitalisation and data can release the true strategic value of Treasury. Our clients tell us that Coprocess Intercompany Netting provides both automation and access to data not available by other means. By identifying the underlying invoice flows we bring more certainty to hedging, increased accuracy to accounting figures and visibility to flows between business units that were hidden before. It is more cost effective than other solutions and non-disruptive to business. Coprocess Netting also helps to centralise intercompany control and has a positive impact on risk management.
Intercompany netting is not a new and innovative like the solutions of the latest FinTechs but it has filled a need for over 40 years. One that is still largely not addressed by other software companies, not that we mind! But if intercompany netting is not a 'disruptive' technology like a FinTech is often said to be, it certainly does make use of cutting edge technology to bring improvement to the intercompany settlement process. In the way the system performs, the security of the cloud, the ease of use of a SaaS solution, the new features such as an API, incorporating regulations such as SEPA and PSD2 and the value it brings to Treasury, now that is disruption in a good way!
Thanks to all the clients and the companies interested in us and our solution that stopped by our booth.
Here's a few photos of the event.
Do look out for us on our home ground next year. See you in Geneva!
