COPROCESS SA

Switzerland

Manufacturer/ Producer

Switzerland

Many of the world’s largest corporates use the Coprocess netting solution and have been for many years. Not only do they choose Coprocess, but they stay with Coprocess. The system is able to interface with all the major ERP systems commonly found, including but not limited to SAP, Oracle, Peoplesoft etc. The system can handle volume be that number of users, number of invoices or number of entities. Our largest customer settles over 100,000 invoice per month and has more than 1000 user logins per day. Our scalable infrastructure allows the system to be scaled up to fit any increasing load. Our global support team offers a multilingual support service covering a 20 hour window.

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Switzerland

Coprocess SA - The Month-End Reconciliation module allows the company's business units to upload ALL receivables and ALL payables so that these can be reconciled with the counterparty across the whole group, tighter control means better numbers for the consolidated P&L and Balance Sheet

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Switzerland

Centralise Vendor payments. Import supplier master data from the ERP, subsidiaries upload all their supplier invoices. Payment aggregation simplifies group financing, improves liquidity forecasting, reduces FX costs and improves Vendor communication and their billing process.

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Founded in 1991, Coprocess is the world’s largest provider of intercompany netting solutions, now owned by GTreasury, with over 175 corporate clients including ABB, Continental, Motorola Solutions, Nestle, Sanofi and Universal Music. Coprocess allows both multilateral and bilateral netting. Linking to AP and AR, it offers invoice level matching, on-line counterparty approval and dispute management, month end reconciliation and centralized vendor payments, all integrated and accessed via a standard browser over the internet. The system is a key element in the corporate treasury settlement and intercompany reconciliation process and gives the customer visibility over intercompany flows while saving substantial time and money. Netting is an excellent method of bringing discipline to intercompany settlement. Implemented just on its own it can save substantial sums by centralising FX into Treasury, bulking up FX deals and hence getting better rates. There is an improvement in cash management and working capital, reduced exposures in the banking system, fewer settlements, better forecasting, the opportunity to save substantial sums on invoice processing costs, reduce time and effort in the month end reconciliation process, eliminate overdues and clean up intercompany. The improved process has a positive impact on the accuracy of the numbers in the P&L and Balance Sheet. The netting system can also provide the detail information sometimes lost in the consolidation system.