Corpay Unveils Netting Manager to Streamline Settlement of Internal Invoices for Multinational Corporations

07/27 10:15

Corpay, a partner firm of Ripple, has launched a new financial tool called the Netting Manager, which aims to automate and streamline the settlement of internal invoices for multinational corporations with global subsidiaries. The system uses intercompany netting, a financial technique commonly used by multinational firms to combine transactions in different currencies, resulting in significant time and cost savings. The Netting Manager has a user-friendly design that enables firms of all sizes to adopt it in just a couple of days, and it seamlessly interfaces with the most popular core accounting systems used by organizations.

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