Utilize a web-based platform to potentially manage cross-border settlements amongst affiliates, potentially increase productivity, and generate cost savings.
Transition from numerous uncoordinated bilateral payments to an organized multilateral net settlement.
Explore the path toward using PNC’s comprehensive and customizable solution for managing your intercompany AP/AR.
Setting up entities and a netting schedule allows you to create a companywide program. This also helps when acquiring new entities.
Decentralized or centralized data entry/file uploads allow process flexibility within the corporation as well as the ability to utilize shared services groups.
After all data is entered and reviewed, the system will efficiently net funds between entities. Each entity will pay or receive one net amount in its functional currency.
After the final netting step has been completed, upload data into your ERP system to clear account ledgers and automate reconcilement of each period.
96% of PINACLE FX Netting clients surveyed are satisfied with the platform.
Already have recommended it to numerous people. We really appreciate the customer service efficiency when adding participants or contacts or making changes. This is our third netting platform and it highly outperforms the other two systems we used.
91% of PINACLE FX Netting client surveyed find the platform easy to set up and use.
Not just the ease of the product, but also the customer service we receive from the team.
96% of PINACLE FX Netting clients surveyed agreed that the platform increased their firm’s efficiency for processing intercompany transactions.
Efficiency gain, cost savings, PNC platform is easy to use...great product!
*25 of 44 survey requests were completed. n = 25 for all data
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