Irrespective of which part of the Coprocess solution you choose interfacing is normally a key part of the solution. Coprocess makes interfacing our system with externals systems simple and easy for the client. We do this in 2 ways:

  1. We have over 40 interfaces already built and tested and working in production including all the major players be they banks, TMS or ERP.
  2. If we do not currently support an interface we can build it easily Free of Charge using our Interface Builder that is a standard feature of our application.

There are 3 external systems with which you may wish to interface. The section below shows you what we support today and why you might need this interface.

ERPs

For upload (and download) of invoice level data it is best to uses interfaces. This is true for 3 reasons:

  • the volume of invoices
  • remove the problems of re-keying
  • easier synchronization between ERP and Netting

The key interface for Coprocess is therefore with the ERP system or systems and the extract of AP and / or AR data directly out of the ERP and into the netting.

Coprocess can achieve this easily and simply in one of three ways:

  • The client extracts the data out of the ERP using the standard Coprocess interface (simple CSV file, one invoice per line)
  • The client is using an existing interfaces that we already support (we have interfaces today with most of the common ERP systems including SAP and ORACLE)
  • The client gives Coprocess the specification of existing extracts that they support and Coprocess build this interface.
    NB. We have an interface builder within the application so we are able to build and add interfaces without upgrading or changing the software normally at no additional cost to the client.

NB. The most common ERP system used by our clients is SAP. We have over 40 corporates using SAP in different ways and that has given us great experience in integrating SAP with Coprocess.Netting for seamless and smooth exporting and importing of files.

In addition Coprocess supports interfaces to book back into the ERP system the invoices that have been settled in the netting. This booking file can be delivered by email with the netting statements on final day if required.

New for 2017

API

The Coprocess.Netting API is a flexible and powerful new module which 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. For example, it would now be possible for a developer to implement an automated bulk import of invoices from a specific secure folder location within your corporate network, or even directly from an ERP system such as SAP. The API supports bulk importing and exporting of invoices and will support data querying and report generation.

TMS

Coprocess supports interfaces with most commonly found TMSs (Treasury Management Systems) both for import and export of data:

  • Importing treasury transactions such as forward contracts, spot deals, loans and deposits
  • Exporting the net payments from the netting system for settlement in the TMS (either the physical payments are made from the TMS or the client is settling on the in-house bank (which is a part of the TMS) or a mixture of the 2. Coprocess can support all 3 methods.
  • Import of rates from TMS
  • Export of deals

Coprocess has existing interfaces with the following Treasury Systems:

Cashflow, Globe$, Fides, KTP, Integrity, IT2, PeopleSoft, Quantum, SAP (IHC), Trema, Twin, CRM

Banks

In order to simplify and avoid double work and the risk of errors when making payments it is very useful to be able to interface with a Bank payment system. The Coprocess system can work with many bank systems both for payments and for direct debits.

Coprocess supports the following standard payment interfaces:

BACS, ETEBAC5, ISABEL, Multicash, Paymul, SWIFT MT101 and 210, XML (ISO 20022)

In addition Coprocess supports the following proprietary payment interfaces:

Bank of America Cashpro, CitiDirect, Deutsche Bank DB-Direct, JPMorgan, Nordea, PostFinance (Switzerland), RBS Access Direct and Access Online, SEB C&I Online, Telepay (Norway), UBS

In addition we can deliver the payments securely to the bank over SFTP.

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Europe & Asia
+41 22 311 1383

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+1 844 332 7083

or click here

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