Corpay’s Cross-Border business introduces Netting Manager to streamline and automate the internal invoices for corporations with global subsidiaries.
Netting Manager will allow companies to operate globally efficiently by simplifying the intercompany netting process. This will combine transactions by multinational corporations in various currencies.
The new product will also help to create visibility into combined foreign exchange exposures. The company developed Netting Manager for corporates to use easily for transactions.
Netting Manager’s process is efficient and user-friendly, allowing multinational companies to have a proper system running continuously compared to other existing systems. The solution aims to help companies to access it at a low cost and integrate it with multiple accounting systems.