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Universal time - Switzerland

2 Companies

13 Products

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.

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EDACY

Switzerland

WE CHALLENGE THE STATUS-QUO EDACY is building an alternative to post-collegiate education to place graduates into high-value jobs. A unique program where universities and employers work together to produce skilled, employable talents that are automatically absorbed into the workplace. In partnership with EPFL -- Swiss Federal Institute of Technology and leading African universities, EDACY provides an 9 months full-time enterprise immersion where high-potential graduates learn technical, professional and career skills on the job and online, obtain accredited certificates, get placed at high-growth companies across Africa. EDACY combines Massive Open Online Course (MOOCs) with the Swiss dual-education model to accelerate skills in engineering and information technology. We pair top educational resources online with immersion at partner enterprises and academic supervision to train technical job-skills in Africa. Current Cohort: Senegal, Software Leadership, over 500 inscriptions, stage bootcamp, selection of 25 talents to be placed for immersion in one of our partner enterprises.

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Universal time - Switzerland

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2 Companies