Coprocess Launches Version 7 of Netting System
Geneva-based Coprocess has announced version 7.0 of its browser-based multilateral netting system. IntraNetting 7 enables corporates to implement receivable driven netting with functions such as matching, approval, and reconciliation with email auto-notification to the counterparty. The system also handles shared service centre functionality. There are over 70 corporates worldwide using the Coprocess netting solution. Customers include Air Liquide, Aventis, Nestle, Pfizer and Schenker who net over 150,000 inter-company invoices a month through the system.