Netting requires hardly any time or manual work anymore
Cargotec is a leading provider of cargo handling solutions with approximately 11,000 employees and operations in more than 100 countries. Cargotec has been using our solution since 2007. The Netting module has been activated at Cargotec in 2012.
Cargotec wanted a solution that would reduce the manual work in netting.
With our Netting solution, Cargotec was able to cut the time and manual work spent on netting.
User friendly reports and flexible support for file based data transfer
A majority of the users of Netting are subsidiary representatives who report their internal invoices into the netting cycle, review their counterparties' claims, and incorporate the netting result in their ledgers. In addition to general user-friendliness, Cargotec's subsidiary users particularly value the flexible support for file based data transfer. Netting interfaces with Cargotec's ERP system (SAP) for importing internal invoices into the netting cycle, as well as for auto-clearing them in the ERP after the netting cycle has been complete.
Netting module has helped Cargotec operate the netting process with minimal manual work at the subsidiaries as well as Treasury.
"From the Treasury point of view, netting no longer takes time or manual work. The reports are user friendly and treasury's payments are automatically available for processing to banks via the TMS. It is very easy to check that the results are ok."
"We spend hardly any time on Netting nowadays."
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