ABB has been using Coprocess for Netting for over 20 years. In 2009 we upgraded to the new .net solution. Today over 270 subsidiaries use the system which settles more than 50,000 Invoices twice a month. The system interfaces with SAP, our global ERP platform. We run the system Receivable driven and make use of the matching and discussion capability to clean up the intercompany. Savings from the netting alone are in the region of USD 20 Million per annum but the real global benefit to the group is the structure and discipline it brings to intercompany.
