Founded in 1991, Coprocess is the world's leading provider of intercompany netting solutions within the corporate treasury industry. Acquired by GTreasury, Coprocess boasts an impressive clientele of over 175 corporate clients, including renowned companies such as ABB, Continental, Motorola Solutions, Nestle, Sanofi, and Universal Music. With Coprocess, companies can leverage both multilateral and bilateral netting to streamline their intercompany settlement processes.
Coprocess's comprehensive solution seamlessly links accounts payable (AP) and accounts receivable (AR) for efficient invoice level matching, online counterparty approval, and dispute management. The platform also facilitates month-end reconciliation and centralized vendor payments, all accessible through a standardized browser over the internet.
By utilizing Coprocess's netting system, organizations can ensure better discipline in their intercompany settlements. This approach brings various advantages, such as centralized foreign exchange (FX) management, enabling better rates through bulk deals. This leads to improved cash management and working capital, reduced exposures in the banking system, fewer settlements, enhanced forecasting accuracy, and substantial savings in invoice processing costs.
Moreover, by automating the month-end reconciliation process and eliminating overdues, Coprocess empowers companies to clean up their intercompany accounts, creating a positive impact on the accuracy of financial statements, including the profit and loss (P&L) and balance sheet. Additionally, Coprocess's netting solution provides detailed information that might otherwise be lost in the consolidation system, allowing for a more thorough and comprehensive financial analysis.