On our resource centre you will find a presentation by Monica Holmström, Senior Netting Specialist, Sandvik Treasury AB. Monica gave this presentation at EuroFinance International Conference Budapest 2014.
Sandvik wants to keep control of the company processes and sees Treasury and netting as a core business. Monica gives figures for the size of the group but size does not have to be a barrier to outsourcing. Coprocess teams with outsource companies such as FTI, Dublin and TM SA, Switzerland and they use Coprocess.Netting to administer some large corporate netting processes.
Andrew Goldie, Managing Director of Coprocess, gave a presentation on the Coprocess Vendor Payments system at our User Group Meeting 2014 in Nyon. You can find the original presentation on our Resource Centre.
For international companies worried about the cost, complexity and risk from fraud of continuing to make payments locally in-country then this module of the Coprocess Netting system could be a cost effective solution.
The module is built on the netting system platform so it shares the same access rights and methodology, it centralises the payment process, harmonises the coding across the group, improves liquidity and cash forecasting, improves control and reduces fraud risk.
Coprocess today launched a new service. We are making available information about multilateral netting regulations. We believe we are the first company to make this information freely available.
Intercompany or multilateral netting is a very powerful tool allowing multinational companies to offset intercompany settlements. In an ideal world payment amounts would be offset against receipts and settled in the business unit’s local currency. For many countries this is allowed, is common practice and is the optimal way to run netting. See our new Netting Regulations document under the column Full Netting Allowed.
Coprocess bietet eine vielseitige Netting Software an. Wir spezialisieren uns einzig und alleine auf Netting und haben uns in den letzten 20 Jahren in Zusammenarbeit mit unseren internationalen Kunden immer weiter nach deren Bedürfnissen weiterentwickelt.
Falls Sie sich für eine alternative Lösung zu DB Direct der Deutschen Bank entscheiden sollten, offerieren wir eine moderne, den höchsten Ansprüchen entsprechende Netting Lösung mit bestehender Schnittstelle in DB Direct, um eine nahtlose Umstellung zu garantieren.
For over 20 years Coprocess has offered bank independent netting solutions. Today we are the world’s largest provider of netting system with over 100 corporate clients. This is what we do, this is all we do and we have no intention of stopping or changing direction.
Our understanding is that in 2015 Deutsche bank will stop offering and supporting its current netting offering, DB Direct Netting.
Coprocess held our 7th User Group Meeting for all our netting clients at the Hotel Barcarolle, Nyon, Switzerland. As with previous years the event was held over 2 days. There was a dinner hosted by Coprocess on the evening of Thursday.
Coprocess is pleased to offer these opportunities. They give our users a chance to meet others in similar roles where they discuss matters concerning netting or other topics. Coprocess provides demonstrations of the latest features, many of which are developed in response to client requests.
