Nestlé S.A. is the largest food company in the world measured by revenues. Nestlé has around 450 factories, operates in 86 countries, and employs around 333,000 people.
Nestlé has been using the Coprocess multilateral netting system (2014) for 12 years. The Coprocess netting system interfaces with SAP and Sungard Quantum Treasury Management System.
Nestlé has about 300 legal entities in 80 countries participating in the netting. Each month about 80’000 invoices are uploaded and settled via around 300 net payments. There are 18 currencies defined in the netting, all free convertible currencies including e.g. HUF, CZK, MXN, JPY, PLN, NZD, ZAR, etc.
- Learn how Nestle overcome multilateral netting restrictions in countries subject to local restrictions like e.g. Brazil, Philippines, South Africa, Morocco, India, Malaysia, Thailand, Tunisia and Vietnam.
- What savings does Nestlé see?
- And what are the benefits?
