Companies that hold accounts with different banks face many inefficiencies. They have to use different bank portals to interact with their banks and other financial service providers, and often multiple ERP connections have to be maintained. The more different banks and accounts a company has, the more complex it gets.
Cobase offers a solution! The multibank platform is a single point of access to all bank accounts and other financial products and services from many banks and financial service providers.
Main features of the platform are a central Payment Hub, Cash Management and Treasury modules. The combination of this functionality with many bank connections in one place offers tremendous financial and operational efficiency, especially for medium and large size companies. Users and authorisation schemes can be centrally managed for all subsidiaries or departments and only one security token is needed for each user.