A presentation at the Coprocess User Group Meeting, May 2014.
Monica Holmström, Senior Netting Specialist, Sandvik Treasury AB.
The key driver for installing Coprocess intercompany netting for Sandvik was a change to a new bank account and payment settlement process. This meant a move away from Handlesbanken and Handlesbanken Netting.
In this presentation Monica outlines:
- Description of the business
- The structure of Sandvik Treasury
- Monica’s background and experience
- Intercompany netting before Coprocess
- The new intercompany netting cycle & calendar
- Settlement rules for China, South Africa and Brazil
- The new settlement process and account structure including the direct debit of participants
- Integration with bank account pooling and pooling within Coprocess
- Next steps
