COBASE Cobase 2017 Amsterdam, The Netherlands Listed Global Cash Management / Operational Payments / Treasury Payments / Multibank connectivity Company description Cobase is majority owned by ING Bank NV. The company operates independently under its own brand and under its own management. Product description 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 banks and accounts a company has, the more complex it gets. Cobase offers a solution! Cobase is a single point of access to manage all bank accounts a company has at many different banks. Cobase improves cash visibility, control and efficiency. The solution is primarily designed for large corporates. Functionalities Main features of the platform are a central Payment Hub, Cash Management, Treasury modules and the Robo Assistant. These modules help companies to streamline their payments and reporting, cash pooling, and basic Treasury functions. One user administration - Cobase provides one central user administration. Users and authorisation schemes can be centrally managed for all subsidiaries or departments and only one security token is needed for each user. The workflows can be configured as needed. Users do not anymore have to be set up and maintained at each bank, which saves a lot of effort. Bank connectivity - Cobase uses direct connections, Open Banking APIs or traditional networks such as SWIFT to integrate with banks. File transformation, data mapping, and connectivity are all covered. Technical complexity is managed by Cobase and kept away from the company. Achievements Cobase is a new player in the market with an ambitious product scope and rapidly growing bank coverage. Cobase enabled its corporate customers to increase their cash visibility, control and efficiency. Scan to go to the website “Our mission is to make working with multiple banks easier and more efficient. This process is never finished, every day we try to make it easier and simpler.” Jorge Schafraad, CEO of Cobase. UPDATES & TRENDS 41 COBASE
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