Companies that hold accounts with different banks face many inefficiencies. They have to use different bank portals to interact with their banks and other financial service providers, and often multiple ERP connections have to be maintained. The more different banks and accounts a company has, the more complex it gets.
Cobase offers a solution! Our multibank platform is a single point of access to all bank accounts and other financial products and services from many banks and financial service providers.
Main features of the platform are a central Payment Hub, Cash Management and Treasury modules. The combination of this functionality with many bank connections in one place offers tremendous financial and operational efficiency, especially for medium and large size companies. Users and authorisation schemes can be centrally managed for all subsidiaries or departments and only one security token is needed for each user.
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We believe strongly in co-creation with our clients. Our platform is continuously enhanced with new features, based on input and feedback of our clients. Items on the product roadmap are prioritized based on the needs of our clients.For Corporates For Banks
“Our mission is to make working with multiple banks more efficient. This process is never finished, every day we make it easier.”
May 20, 2021
April 15, 2021
This year the annual Treasury Event in Mannheim will be from 21-23 April, a virtual online edition. In addition to many plenary lectures, there will be specialist forums and workshops on ten different topics. Cobase is present with a workshop on Liquidity Forecasting and FX exposure management. See how your organization can streamline payments and cash management, and how easy it is to use our new modules for Liquidity Forecasting and FX Exposure Management with Auto Hedging. Join the event and visit our workshop! You can request a free ticket. Visit our workshop and win a trip to Amsterdam as soon as we can all travel again!
Platform with optional modules
Corporates can use the Cobase solution primarily as a payment hub with strong bank connectivity or add modules and use it as a full Cash Management or Treasury Management system.
Log on to the multibank portal with a secure app or token. Use a variety of modules on the platform. Immediately see the most relevant information on a dashboard or navigate to one of the modules. Manage bank accounts of many different banks, all from one place.
Just one connection from the ERP system to Cobase, and from there we take care of all the technical connections with the banks, including file transformations if needed.
The entire user administration is fully managed in one central place, harmonized for all banks and no dependency anymore on the banks. Standard audit reports can be generated for periodic reviews or filing.
Many different types of payment formats are supported. Cobase can very easily adopt and support new types of payment formats. Data transformation is one of the key features.
Many different types of balance and transaction reporting formats are supported. Cobase can very easily adopt and support new reporting format types. Data transformation is one of the key features.
Trade FX products (spot, forward, swap), calculate FX exposure and automatically hedge it. Define your FX hedge policy. Budget, uncommitted and committed transactions can be entered into the system. Automatic calculation of required hedging based on policy and exposure. Requests for quotes are automatically prepared and offered prices can be accepted immediately to close a deal. Standard settlement instructions can be configured and prepared.
Intercompany accounts can be set up. Cash pooling transactions can automatically be tagged. Intercompany bookings can be used to reduce the number of physical payments. Automatically maintain the intercompany loan administration and calculate interest positions at self-defined rates.
Netting is supported as part of the In-house banking module and can be used to minimize the number of required credit and debit transactions.
Liquidity Forecasting helps to optimize liquidity. Short-term and mid-term forecasting of cash flow and account balances is based on actual bank balances, high level budgets, uncommitted and committed transactions. Manage balances, fund accounts timely, prevent operational issues with insufficient funds – optimize currency positions and liquidity in general.
Cash pooling (planned)
Supports multibank funding and sweeping. Accounts across different banks can be linked and target balances can be set. Let the system transfer funds between accounts to optimize cash balances.
Everything an end user or the system itself does, is automatically recorded in an audit trail. Any significant change is stored and can be queried. It’s always clear who did what and when.
The Robo Assistant is a key module for RPA (robotic process automation). It can be configured to continuously monitor user defined business rules and execute preconfigured actions if needed.
Push alerts can be sent when important events occur. A lot of flexibility is provided to configure these alerts.
Cobase is regulated by the Dutch Central Bank and therefor has proper sanction screening and transaction screening in place.
Cobase has connections with more than 100 banks around the world. In most cases we can add connections with banks that are not connected yet. Contact us if you would like to know more.
More features are planned on our roadmap. For example, we plan to add modules for Loan Portfolio Management and Bank Guarantees. Contact us if you have specific needs.