Save costs by netting internal payables and receivables
Netting Internal Payables and Receivables Has Advantages
Group netting of payables and receivables can save unnecessary bank fees. It can also hedge corporate risk, funneling it to the main office level as opposed to the subsidiary level. Hedging risk like this saves money.
Through the aggregation of all payables and receivables for each subsidiary, the net position can be easily calculated, and more effective invoicing can be set up. Settlement of the net amounts can be effectuated either through internal current accounts, or via a physical payment to a bank account.
The Trinity treasury management system Group Netting Module makes the above simple and intuitive, with a robust rules-based workflow that also highlights and manages disputes in an orderly fashion.
In the end, it’s all about a logical structure that makes sense and our Group Netting module accomplishes that.