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.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.