Case Study: Sandvik streamlines intercompany netting and payments with Coprocess

Sandvik - Customer Case Study

Sandvik, working with vendor Coprocess, needed to change its bank account and payment settlement process, moving away from Handelsbanken and its existing netting setup. The challenge was to adapt intercompany pooling and payments to a new banking structure while maintaining efficient treasury operations.

Coprocess implemented intercompany netting for Sandvik, including a new netting cycle and calendar, settlement rules for China, South Africa, and Brazil, direct debit of participants, and integration with bank account pooling within Coprocess. The presentation describes the new process and account structure, but no specific quantified results or measurable impact were provided.

Sandvik

Monica Holmström

Senior Netting Specialist