Retrospect: CoCoNet at the Finance Symposium 2009 in Mannheim, Germany

April 27, 2009 - The annual Finance Symposium is the major event not to miss for the treasury and financial community in German-speaking countries. The focus on this year’s congress that took place on April 22–24, 2009 was on innovations in corporate treasury & cash management, apart from the current changes taking place in the financial industry.

CoCoNet presented the latest cash management and usability enhancements of its flagship product MULTIVERSA IFP International Finance Portal. As a market leader for web-based e-banking solutions, CoCoNet recently revised the graphical user interface (GUI) to further improve usability in all areas of the application. The improved GUI of MULTIVERSA IFP includes a new menu bar, a dashboard landing page and various other helpful features.

CoCoNet further extended MUTLIVERSA IFP with specific cash management features related to liquidity forecasts and the planning data functionality. The cash pooling allows treasurers to perform manual or automatic zero pooling and target pooling based on short-term liquidity planning with interest calculations.

MULTIVERSA IFP International Finance Portal is the ideal solution for organisations wishing to streamline their domestic and multi-national payment flows. The portal supports various domestic and international e-banking standards including a multitude of formats, security mechanisms and transfer procedures. MULTIVERSA IFP thus enables sizeable cost savings in the field of electronic payment and cash management.

The portal offers universal opportunities for payment transactions and bank access. MULTIVERSA IFP can process payment orders from its customers in basically any format by means of the integrated MULTIVERSA GPF Generic Payment Factory: International formats such as SWIFT MT formats, the new SEPA formats and EDIFACT, domestic formats, formats from ERP and treasury management systems as well as bank and customer-specific formats. The growing importance of the SEPA payment format and the connectivity via EBICS and SWIFT via SWIFT MA-CUG, SWIFT SCORE and SWIFT Alliance Lite is essential for the consolidation of domestic and international payments business and therefore played an important role in this congress.

We would like to thank you for the interesting conversations at our stand and during the workshops of the event series on "treasury systems" with Live Demonstrations and practical application scenarios.