Web Based Multilateral Netting

Intercompany Netting

What Is Intercompany Netting?

Coprocess provides a web based multilateral netting system that is scalable and configurable.

It is real time 'always on' allowing clients to get an up to date view of their intercompany transactions and netting calculations.

Called Coprocess.Netting, the system can be payable or receivable driven or both. The base system functionality provides everything a corporate needs to provide netting to the business units in the group. There is no software to install (unless the company wishes to install the software in-house). All business units around the world need to access the system is a browser.

The system allows users in remote locations to import or input transactions. Equally the process can be completed centrally. Coprocess.Netting provides screens to check and edit transactions, and provide reports to business units and the functions Treasury needs to manage the netting process, settle FX and payments, interface to ERP, TMS, FX dealing platforms etc, already in use within the company. It will interface to the company email for the distribution of netting statements and provide export to accounting systems.

intercompany

Modules

coprocess 01

SSO (Single Sign-on

Software and or hardware that allows a company to authenticate user access to the netting system based on their corporate profile.

coprocess 02

Matching

The process of agreeing transactions between participants.

coprocess 03

Excluded

Allows participants based in countries with Netting or Currency restrictions, to take part in the company netting programme.

coprocess 07

API

A flexible and powerful new module which allows external applications to automatically trigger actions within the netting in a secure way.

coprocess 04

Discussion & Dispute

The payer can flag invoices and start a dialogue with the counterparty.

coprocess 06

Database Encryption at Rest*

Encryption for Data at Rest helps you protect and safeguard your data to meet your organizational security and compliance commitments.

coprocess 05

Physical Document Attachments to Invoices*

Allow the physical attachment of a pdf (for example) of an invoice to be physically upload as an attachment to any transaction.

vendor

Vendor Payments

Coprocess payments builds on the multilateral netting software to provide a vendor payment solution

reconciliation

Reconciliation

Using the power of the Multilateral Netting software, month end Recon can bring order to the monthly reconciling of balance sheet items.

Reconciliation

What Is Reconciliation?

Using the power of the Multilateral Netting software, month end Recon can bring order to the monthly reconciling of balance sheet items. The reconciliation process can be configured to run before Netting or as a separate process. Coprocess.Recon provides a matching and online discussion process to alow the company to be able to upload all open AR and all open AP, resolve any mismatches and hence provide reconciliation of transactions across the company and regardless of ERP platforms in use.

intercompany

Modules

coprocess 01

SSO (Single Sign-on

Software and or hardware that allows a company to authenticate user access to the netting system based on their corporate profile.

coprocess 02

Matching

The process of agreeing transactions between participants.

coprocess 03

Excluded

Allows participants based in countries with Netting or Currency restrictions, to take part in the company netting programme.

coprocess 07

API

A flexible and powerful new module which allows external applications to automatically trigger actions within the netting in a secure way.

coprocess 04

Discussion & Dispute

The payer can flag invoices and start a dialogue with the counterparty.

coprocess 06

Database Encryption at Rest*

Encryption for Data at Rest helps you protect and safeguard your data to meet your organizational security and compliance commitments.

coprocess 05

Physical Document Attachments to Invoices*

Allow the physical attachment of a pdf (for example) of an invoice to be physically upload as an attachment to any transaction.

netting

Netting

Coprocess provides a web based multilateral netting system that is scalable and configurable.

vendor

Vendor Payments

Coprocess payments builds on the multilateral netting software to provide a vendor payment solution.

Vendor Payments

What Are Vendor Payments?

Coprocess payments builds on the multilateral netting software to provide a vendor payment solution with the added benefits of netting settlement for both the business units and the vendors. The Payment On Behalf Of concept of multilateral netting is extended to payments made to company suppliers. It allows business units to settle their foreign currency invoices while only maintaining their own local currency bank account in country (or perhaps settling with the company in-house bank etc). The vendor receives a single amount in their invoiced currency, together with an advice in machine and human readable formats.

intercompany

Modules

coprocess 01

SSO (Single Sign-on

Software and or hardware that allows a company to authenticate user access to the netting system based on their corporate profile.

coprocess 02

Matching

The process of agreeing transactions between participants.

coprocess 03

Excluded

Allows participants based in countries with Netting or Currency restrictions, to take part in the company netting programme.

coprocess 07

API

A flexible and powerful new module which allows external applications to automatically trigger actions within the netting in a secure way.

coprocess 04

Discussion & Dispute

The payer can flag invoices and start a dialogue with the counterparty.

coprocess 06

Database Encryption at Rest*

Encryption for Data at Rest helps you protect and safeguard your data to meet your organizational security and compliance commitments.

coprocess 05

Physical Document Attachments to Invoices*

Allow the physical attachment of a pdf (for example) of an invoice to be physically upload as an attachment to any transaction.

netting

Netting

Coprocess provides a web based multilateral netting system that is scalable and configurable.

reconciliation

Reconciliation

Using the power of the Multilateral Netting software, month end Recon can bring order to the monthly reconciling of balance sheet items.