Corpay Netting Manager

Corpay Netting Manager helps corporate groups settle payment obligations among subsidiaries. It consolidates subsidiaries’ payments and converts them into a single local-currency amount, with transaction matching and reconciliation workflows to manage the process. The solution is designed to reduce transaction fees and foreign-exchange conversion costs, improve cash-flow forecasting, and lower credit or settlement risk. It provides funding, participant, settlement and estimated-savings reports. Aggregated netting information can also be used with a currency risk management solution to mitigate exposure associated with netting. Corpay says Netting Manager is designed to integrate with many core accounting systems and can be used in countries that allow netting. The company describes it as a secure, self-service solution. Corpay has said the system could be up and running within days, compared with months for other existing systems. The listed plan costs nothing for Corpay customers to use the solution or generate reports. Prospective customers can discuss their needs with a consultant and book a consultation.

Corpay Netting Manager focuses on intercompany settlement consolidation, reporting and reconciliation for corporate groups. Corpay lists use and report generation at no cost for its customers, while its pricing note says pricing is on request.

Netting Manager is aimed at companies arranging settlements among subsidiaries in a corporate group. It may suit finance teams seeking to consolidate intercompany payments and review settlement reports.