Read the story of
At Cobase, we firmly believe that our customers are the true narrators of our success, sharing their stories and highlighting how our solution seamlessly addresses their daily business challenges.
The story of Joanne Blomfield
Global Head of Cash Management
Banking software giant Temenos tasked Cobase with devising a better system for the management of its global bank relationships, cash, and FX. The results have slashed manual processes and reliance on spreadsheets, saving the treasury team vital hours in the day.
As Temenos is a billion-dollar company, the treasury needs to be incredibly efficient to manage the level of work that flows through the department.
The project entailed:
- 45 banks
- 52 countries
- 324 accounts
Joanne Blomfield Cash Manager at Temenos states. “I promise they haven’t paid me, but they have been absolutely great."
The story of Pim Bezemer
Group Manager Business Control & Treasury
Evos is an international and independent energy storage company that operates a network of premium tank terminals. Evos terminals are located in the Netherlands, Belgium, Germany, Spain, and Malta. Evos expects to increase its global footprint in the future.
Evos, at short notice, needed to gain insight and control over the bank accounts of the acquired terminals and started looking for a platform that would quickly give a grip on cash management without having to manage different bank portals and, on top of that, the user administration of these accounts.
The story of Marc Rutten
Treasury and Insurance Risk Manager
Royal Cosun, drawing on the strengths of five business groups – Aviko, Duynie, Sensus, Cosun Beet Company and SVZ, offers a wide range of distinct products and services. The products of Cosun can be found everywhere today.
Royal Cosun’s challenges were that its various business groups were becoming increasingly global. Marc Rutten, Treasurer at Royal Cosun states: “Cash management in each country was shifted to our main relationship banks, looking at which country a bank had a strong representation”.
The story of Lely
Lely is an international family company in the agricultural sector, founded in 1948. With 1600 employees active in 45 countries, it currently has an annual revenue of 615 million Euros.
Lely operates in 45 different countries, which means a widespread banking network and many bank accounts. The management of the different banks and bank accounts led to a complicated process for Lely.
The story of Ivo Mollee
Plukon Food Group is one of the largest players in the European poultry market, supplying chicken products and ready-made meals to leading European food partners. With thirty-two branches in six countries and a workforce of over 6,500, Plukon is at the forefront internationally in translating consumer wishes into innovative products and farming concepts.
Plukon worked with multiple banks across its various locations and used multiple electronic banking portals. This resulted in suboptimal cash visibility, prompting the company to find a way to make its cash management more efficient. Plukon used to spend lots of time pouring over Excel spreadsheets to try to gain financial insights. In addition, Plukon used to deal with many physical payments between its subsidiaries
The story of Mirjam Pols
De Goudse is a Dutch insurance company founded in 1924. In time the company has grown and much has changed. Despite this growth, the company is still an independent family business and will continue to work with an entrepreneurial heart. De Goudse offers customers a wide range of financial products and insurance options such as non-life insurance, income insurance and life insurance.Insurance companies have a lot of incoming and outgoing payments and a Payment Hub is essential for optimal streamlining.
De Goudse faced the problem that their previous Payment Hub solution ceased to exist. This created the need for a replacement. The solution they sought was one enabling them to send payment and collection files from the various source administrations to various banks. On top of that, the company required the automatic retrieval of daily statement information from all accounts with various banks. Another important aspect of a Payment Hub was the automatic transfer of data to the various back-office systems.
The story of Univé
Univé, a leading Dutch insurance company founded in 1974, has continued to evolve over the years. With a strong commitment to their 1.6 million customers and a remarkable four million policies, Univé focuses on supporting clients through damages and promoting risk-averse measures. As an independent organization with an entrepreneurial spirit, Univé offers a wide range of financial products and insurance options, such as non-life insurance, income insurance, and life insurance.
Insurance companies like Univé handle numerous incoming and outgoing payments, making a Payment Hub crucial for efficient streamlining. Univé faced challenges in optimizing working capital and maintaining liquidity across its decentralized organization, which led them to seek a comprehensive Treasury Management System.
Cobase stepped in with a cutting-edge solution that not only streamlined payment processing and data retrieval from various banks but also facilitated the seamless integration of data into multiple back-office systems. This collaboration has empowered Univé to continue providing unparalleled value to its customers while enhancing its financial management capabilities.
Credit: Opmeer Reports for Oikocredit
The story of Marcel van Amersfoort
Social impact investor and a worldwide cooperative Oikocredit provides funding to organisations active in financial inclusion, agriculture and renewable energy . The cooperative supports partner organisations in Africa, Asia and Latin America through the provision of loans, equity investments and capacity building.
For Oikocredit, a single solution was needed that could provide a better overview and control over all the different banks, accounts, and currencies Oikocredit is using.
The story of Mekki Weydert
Scotch & Soda was established in 1985. In 2000 the company started evolving into the unique place it owns in today's fashion landscape. In the past years, Scotch & Soda has profited from a focused growth strategy, expanding its stores at a steady pace. Today, Scotch & Soda owns over two hundred stores worldwide with over one thousand three hundred employees.
While scaling, Scotch & Soda ran into challenges with the multiplication of bank portals and tokens. The problems also led to difficulties with user administration for employees involved with payments. All of this resulted in the slow and manual payment processing and accounting reconciliation process.
The story of Erwin de Bruijn
Stahl is the world leader in the specialty chemistry of coatings, processing and treatments. 2,000 employees in 27 countries work every day on technologies and processes that improve the products people use.
Stahl faced the challenge of chasing people for electronic signatures and keeping track of signatories’ calendars. Restoring forgotten or mistyped pin codes for the various portals and accounts consumed a lot of time. On top of that, managing individual user profiles in various bank platforms often offered limited possibilities. The board of directors of Stahl wanted to have daily visibility on bank balances and to get rid of all the different electronic banking systems.
The story of CarNext
CarNext is a company that offers a range of services related to the buying and selling of used cars, both Business-To-Business and Business-To-Consumer. It was founded in 2018 as a spinout of LeasePlan. The company operates in several countries around the world, including the Netherlands, Norway, Germany, France, Italy, Spain and Portugal.