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Ar a - Switzerland

Switzerland
  1. COPROCESS SA

    Switzerland

    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.

  2. WEISS AG

    Switzerland

    WEISS AG was founded in 1969. It is based in Walzenhausen AR, Switzerland. The company's objectives are to develop and produce standard and special diamond and CBN tools, as well as to provide various services such as a regrinding service, laser work, wire eroding, brazing and on-site consulting. The corporate focuses of WEISS AG are primarily in the area of special tools. Through our expertise, the employees of WEISS AG guarantee the implementation of the respectively appropriate solution for individual customer needs. Our customers require solutions for their specific applications, and this is exactly the purpose for which we supply our product. Our work is focused on the goals of our customers – streamlining benefits through optimised tools and quality.

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