See further with intercompany netting

Coprocess Netting can be implemented in weeks, can seamlessly interface to different systems as your needs change and is a fraction of the overall cost of a TMS.

There are many reasons why selecting a specialist system like Coprocess has greater benefits than using the Netting module of a TMS. 

These are just some of them: 

 

 

 

 

Come and meet the Coprocess team

Coprocess at Eurofinance

See us on stand S12 at Eurofinance on 26-28 September. We'll be delighted to speak to you about your intercompany netting and let you see what's new.

Hear from Bank of America and watch our live demo on 
Day 1, 4.40pm
in Stream 6 at the Bank of America Merrill Lynch Discovery Lab Payments & FX session
 

Coprocess API

Use the Coprocess API to interface with your current systems, unlocking value and integrating the Coprocess platform into your enterprise. It allows external applications to automatically trigger actions within the netting in a secure way without any manual intervention. It is part of our continued effort to streamline straight-through-processing. Coprocess can interface with TMS, ERP, FX and many Fintech platforms

Read more on Jack Large's blog post on CTMFile. 
 

Coprocess Partners

We work with a wide range of partners to provide greater flexibility and support. Contact us for information about banks and outsource partners offering Coprocess Netting. Already have a favourite partner provider? Let us know that too.
Contact us
 

Coprocess customers

Can we help you? Our modular system lets you add on modules as you need them. It's worth reviewing your system regularly to ensure you have the most suitable configuration. Talk to us if you'd like any advice.

Could another company make use of Coprocess Netting? Please share this bolg post with them or contact us and ask us to provide them with information.
 

Reviews and Case Studies

Discover what other people are saying about Coprocess

xing.com | ftitreasury.com | theglobaltreasurer.com | bobsguide.com
Website
LinkedIn
Twitter
Facebook
YouTube
Pinterest
 
 
See further with intercompany netting

The standard use of a multilateral netting solution is to net intercompany invoices around a global organization, reduce payment volume, centralize foreign exchange and put a procedure in place that every subsidiary adheres to when settling Intercompany Invoices.

However there are several uses of a Netting Solution that go beyond this and allow for a centralized Treasury Center to gain further benefits from using our Netting solution

 

 

 

Accounting Challenges

The primary role of Intercompany Accounting (ICA) is to make sure legal entities don’t show a profit or loss on the parent company’s balance sheet, what is called ‘elimination’. This is an important process that can impact statutory reporting and cause business impact. So getting the process right is key. Yet, according to a survey by Deloitte, 92% of companies, at the time of the survey, have further room for improvement in their intercompany accounting.

Consolidating Intercompany payments into just one amount can bring significant benefits. Consider how many in-house transactions are created from hundreds or thousands of invoices every week, month or year. Then think about how much time and effort is involved in recording those payments accurately, handling invoices, compiling reports. The list goes on. At a large multinational corporation, think about the possible time saved by combining numerous internal transactions into a single payment.

We’re frequently asked “I have an In House Bank (IHB), why should I also use an Intercompany Netting solution?” – our response is you can get some of the same benefits from using an IHB to settle Intercompany Invoice Balances but to really maximize the FX savings, transactional savings and process improvements you should be doing both. The following are some discussion points to help identify the key differences between them.

Call us today for Free Trial

Europe & Asia
+41 22 311 1383

Americas
+1 888 279 2466

or click here

Free Trial