PostFinance Joins Forces With CoCoNet for Corporate Cash Management Solutionby Fintechnews Switzerland December 4, 2020
PostFinance, the financial services unit of Swiss Post, and CoCoNet, a German-based digital banking solutions provider, are collaborating on a joint project to introduce a new cash management solution for corporate customers.
The new solution offers all of PostFinance‘s corporate customers, from medium-sized companies to international corporations, numerous functions for efficient cash management.
The bank aims to support its customers in the secure planning of financial flows, in particular with forward-looking liquidity management that also takes into account account information from third-party banks.
The solution is technically based on MULTIVERSA IFP, CoCoNet’s payment transactions and cash management portal.
For the introduction, PostFinance did a survey with its corporate customers. The definition of the requirements for the new portal was based on the customer survey. During the partner selection process, customers were invited to pre-test the CoCoNet solution.
“We have found that we are on exactly the right track with the solution. Our customers found the design of the demo version very appealing and quickly found their way around.”
said Corinne Häusler, Head of Treasury Solutions at PostFinance.
“We are very proud that PostFinance has chosen our product MULTIVERSA IFP to realise the idea of the leading digital bank for corporate customers. Swiss companies usually have two to five different bank accounts, some of them even abroad in different currencies. Our solution will help these companies to have a better overview of their financial flows and banking activities in the future and to have with PostFinance a strong digital partner at their side.”
said Björn Hassing, CEO of CoCoNet.
The range of functions, in particular the multi-bank capability and the handy liquidity presentation, also triggered anticipation among the test persons for the new solution. The solution is said to be scheduled to go live in autumn 2021.
Featured image: CoCoNet