CoCoNet supports PostFinance on its way to becoming the leading digital bank for business customers
PostFinance is one of the leading financial institutions in Switzerland. In addition to its focus on retail banking, PostFinance offers its business customers integrated solutions with financial and finance-related services in the areas of payment transactions, working capital management (WCM) and financing.
In order to meet the demands of providing corporate customers with the best offers and an outstanding digital customer experience, PostFinance and CoCoNet have now started a joint project to introduce a new cash management solution for corporate customers.
The new solution offers all PostFinance corporate customers – from medium-sized companies to international corporations – numerous functions for efficient cash management. The bank wants to support its customers in the secure planning of financial flows, in particular with forward-looking liquidity management that also takes into account account information from third-party banks. The solution is technically based on MULTIVERSA IFP, CoCoNet’s payment transactions and cash management portal.
PostFinance closely listens to its corporate customers
For the introduction, PostFinance is closely listening to the opinions of its corporate customers: The definition of the requirements for the new portal was already based on a customer survey. During the partner selection process, further customers were invited to pre-test the CoCoNet solution. “We have found that we are on exactly the right track with the solution,” says Corinne Häusler, Head of Treasury Solutions at PostFinance”, adding: “Our customers found the design of the demo version very appealing and quickly found their way around”. The range of functions – in particular the multi-bank capability and the handy liquidity presentation – also triggered anticipation among the test persons for the new solution, which is scheduled to go live in autumn 2021.
“We are very proud that PostFinance has chosen our product MULTIVERSA IFP to realise the idea of the leading digital bank for corporate customers,” says Björn Hassing, CEO of CoCoNet. “Swiss companies usually have two to five different bank accounts – some of them even abroad in different currencies. Our solution will help these companies to have a better overview of their financial flows and banking activities in the future and to have with PostFinance a strong digital partner at their side.”