CoCoNet at the Finance Symposium 2010 in Mannheim, Germany
3 May 2010 - The annual Finance Symposium is an important industry meeting for the financial and treasury management community in the German-speaking countries. This year’s congress held on 21-23 April 2010 focused on innovations in corporate cash management and working capital management.
CoCoNet presented the cash management features of its central web-based e-banking solutions MULTIVERSA IFP International Finance Portal. MUTLIVERSA IFP covers cash pooling, liquidity forecasts and planning data. The cash pooling functionality allows treasurers to perform manual or automatic zero cash pooling and target cash pooling based on short-term liquidity planning including interest calculations.
Major usability enhancements of the modern and efficient e-banking solution by CoCoNet make this application even more valuable for corporates. For example a new dashboard welcome page now offers the user his personal financial status at one glance. This overview can include for instance preferred balances, user specific alerts on important events in the system or payments to be signed.
MULTIVERSA IFP is the ideal solution for organisations wishing to streamline their domestic and multinational 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 important cost savings in the field of electronic payment and cash management.
The portal offers universal opportunities for payment transactions and bank accesses on a domestic and international level. MULTIVERSA IFP can process payment orders from its customers in basically any format by means of the integrated payment factory: International formats such as SWIFT MT formats, the new SEPA/UNIFI formats, EDIFACT, domestic formats, specific formats from ERP and treasury management systems as well as bank and customer-specific formats. The growing importance of SEPA and the connectivity via EBICS and SWIFT via SWIFT MA-CUG, SWIFT SCORE and SWIFT Alliance Lite are essential for the consolidation and centralisation of the domestic and international payments business.