Treasury System

The struggle

The deadline to report back to the rest of the board has nearly arrived.

For you, as a CFO or treasurer, things are really getting started.

You need to make quick decisions about your company’s FX exposure.

Forecast, manage and optimize your company’s liquidity.

Take care of in-house banking and intracompany lending.

And you need to perform all of these securely and in a timely manner requiring data from your company’s various banks, ERPs and operating companies.

There must be a better way. And there is. Cobase Treasury System.

As an add-on of the Payment Hub, our Treasury System provides you with a single dashboard where you can manage all of this and more. With a full view of all your companies’ financial positions and exposures across the globe, current and in the future, you can make the right decision at the right time.

The challenge

In addition to managing payments and receivables, monitoring cash, and managing authorizations in an environment where several banks, ERPs, and/or operating companies are involved, your company requires more treasury and cash management features.

You need to be able to control FX exposure, optimize cash management, as well as maintain insights and control over payments and receivables, cash, and authorizations. Managing all this across multiple platforms and portals manually every day brings with it a number of inherent risks for your company.

The solution

Cobase provides ERP connectivity to multiple banks as well as treasury modules. This enables you to execute payments and receivables, cash monitoring, forecasting and management, foreign currency management and authorizations management in a free configurable single window user interface. The Cobase solution eliminates the need for working in different bank portals via multiple processes manually. Our dashboard brings you totally robust and secure payments as well as liquidity control.

Portal

More features are planned on our roadmap. For example, we plan to add connections to several new cloud-ERPs. Contact us if you have specific needs.

ERP systems

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. We can integrate almost every ERP system and have API integrations with several cloud ERP and accounting systems.

User administration

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.

Payments

Many different types of payments are supported. Cobase will take care of the data transformation required for different banks.

Foreign exchange

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 the deal. Standard settlement instructions can be configured and prepared.

In-house banking

Intracompany accounts can be set up. Cash pooling transactions can be automatically tagged. Intracompany bookings can be used to reduce the number of physical payments. Automatically maintain the intracompany loan administration and calculate interest positions at self-defined rates.

Liquidity forecasting

Liquidity forecasting helps 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 and fund accounts in a timely manner, prevent operational issues with insufficient funds – optimize currency positions and liquidity in general.

Cash pooling

Supports funding and sweeping across multiple banks. Accounts from different banks can be linked and target balances set. The system can transfer funds between accounts to optimize cash balances.

Reporting

Cobase will deliver the balance and transaction reporting formats required by your ERP. Whereas the different banks will deliver the information in different formats Cobase will harmonize this data for you.

Audit trail

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.

Alerts

Push alerts can be sent when important events occur. A lot of flexibility is provided to configure these alerts.

Transaction screening

The Dutch Central Bank regulates Cobase and, therefore, sanction screening and transaction screening is in place.

Robo assistant

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.

Bank connections

Cobase has connections with more than 200 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.

Roadmap