At Cobase, we believe that our customers are the best to tell our story and what our solution solves for them in their daily business.
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 Cobase platform works intuitively. We did not need any training. If we ever have any questions, the client service desk is easy to reach, and they are always willing and able to help.”
Ivo Mollee | Corporate Treasurer at Plukon Food Group
Flexibility when growing
The Cobase solution eliminates the need for working in different bank portals via multiple processes manually. The dashboard brings robust and secure payments as well as liquidity control. The Cobase platform provides insights in a single, easy-to-read dashboard with flexible features and user preferences. Cobase provides reporting and daily visibility for all bank accounts via one platform. Treasury management modules may also be added.
Single user interface
The result is that Cobase enables Plukon to execute payments and receivables, cash monitoring, forecasting and management, foreign currency management and authorizations management in a free, configurable single-window user interface. Using the internal booking feature in Cobase, Plukon can now easily and efficiently settle intercompany positions instead of using bank transfers, with no risk of exceeding daily transfer limits on their bank accounts.
As an extra advantage, the authorization process of finalizing these bookings can be simplified and the timing of these bookings between the different entities has become less important. Through acquisitions, Plukon will constantly be confronted with many new banks and many different electronic banking platforms. With Cobase, Plukon has a solution that can grow along with the company. When a new acquisition takes place, new banks accounts are added to the platform.
- Reporting and daily visibility for all bank accounts via one platform
- Execute payments and receivables, cash monitoring, forecasting and management, foreign currency management and authorizations management in one platform
- Easy and efficient settlement of intercompany positions instead of using bank transfers
- Solution that can grow along with the company.
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What our clients say:
"Cobase offers a unique and standardized way to process payments, leading to the reduction of bank portals and associated tokens."
Scotch & Soda
“We have much better insight into the group’s cash position on a daily basis via Cobase. And the payment process is fully streamlined now. Our end goal is to get rid of electronic banking systems altogether.”
Erwin de Bruijn
Stahl Holding B.V.
“As a newly created organisation, we needed to act fast. Cobase had the shortest implementation time to go live.”
Group Manager Business Control & Treasury
"The Cobase platform works intuitively. We did not need any training. The client service desk is easy to reach, and always willing and able to help.”
Plukon Food Group