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Coprocess Netting, the right tool for the job

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:

Expertise

Our entire team at Coprocess is 100% focused on providing the best netting functionality and workflow in the market.

A TMS Netting module probably doesn’t even have a dedicated resource allocated to it.

Functionality

Coprocess is a dedicated Netting Platform that has over 150 global customers and is 100% focused on Netting, we offer workflow for discussion and dispute handling, can match thousands of invoices each month, provide statements in real time, requires no software to be installed locally and we continue to add functionality every quarter.

For a TMS Netting is just a tick box on an RFP. They typically struggle with any large invoice volumes, handing remote users and will only offer a very basic solution.

Implementation

Coprocess can be implemented as quickly as clients can handle, we have done implementations from start to finish in under 2 weeks.

A TMS will typically take 10-20 days billable consulting days and a project duration of at least 2-3 months if they even get around to doing it, as Netting is often the last item on their project plan.

Security

Coprocess has user administration at the business unit level, allowing the users specific functions and permissions at a granular level.

A TMS is designed for central administration in Treasury, hence deciding who owns data in a distributed environment, where subsidiary users need access, is sometimes problematic. This impacts the ability to comment on others’ transactions, match invoices or allow 4 eyes approval at business unit level.

Pricing

Coprocess is a SaaS based system with a monthly subscription fee, we don’t charge by the number of users and a typical implementation fee is around $5k.

A TMS Vendor frequently charge by the user which can make it prohibitively expensive to roll out to remote users, implementation can often be in the $20-$40k range.

Interfacing

Coprocess offers interfaces to all major ERP ‘s such as Oracle and SAP and most bank payment portals.

Many TMS providers charge their clients each time they provide one of these existing interfaces to their clients or will pass a significant cost to their clients to build them

Availability/partnerships

Coprocess is available from two major international banks and three outsourcing providers. This allows a choice of how to run the netting process, how to do your FX, licensing arrangements and get support from your existing provider and Coprocess too.

A TMS is usually only available directly from the vendor.

In Summary

To counter the discussion points above your TMS provider might argue why not have one system that handles everything but that is also why they offer an inferior netting solution. We have many clients that have been through multiple TMS providers in the last 10-15 years, Coprocess has interfaced to all of them and continues to provide the most functional and capable Netting System available to its customers.

Coprocess vs a TMS Netting Module – why not go for the best!

For more details please visits our FAQ page at https://www.coprocess.com/faq.html

Contact Coprocess to see how we can help you expand the use of multilateral netting

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