Coprocess-hosted multilateral netting software was recently chosen by Belron to encompass Belron Group’s treasury operations, including Autoglass and Carglass.
Belron issued a request for proposal (RFP) in November 2013. Coprocess submitted a proposal and presented this in December 2013 to various stakeholders in the selection team led by Lisa Stone, group treasurer.
“We chose Coprocess as they demonstrated a high commitment to us and to netting,” says Stone. “The business units particularly liked the dispute resolution and communication feature within Coprocess.”
“We expect to see benefits in terms of savings in the banking system, ease of use for treasury, automation and operational benefits for the subsidiary companies,” she adds.