Corpay Netting Manager vs Novvl
Corpay Netting Manager
corpay.comNovvl
novvl.comSide by side
| Figure | Corpay Netting Manager | Novvl |
|---|---|---|
| Price from | Free | $1,200/mo |
| Free plan | Yes | — |
| Free trial | — | — |
| Open source | — | — |
| Web | Yes | Yes |
| API | — | Yes |
| Self-hosted | — | Yes |
| Plans published | 1 | 3 |
| Spec score · Intercompany Accounting Software | 7.6 (#19) | 8.1 (#11) |
| Headquarters | Atlanta, Georgia, United States | 55 Broadway, 3rd Floor, New York, NY 10006, USA |
| Integrations | Corpay says Netting Manager is designed to integrate with many core accounting systems. | The site names SAP, Oracle, Microsoft Dynamics, and NetSuite as ERP data sources and describes flexible file transfer and API support. |
| Intended users | The product is aimed at companies arranging settlements among subsidiaries in a corporate group. | Novvl describes its platform for finance teams and organizations of all sizes and industries, including roles from CFO to accounting analyst. |
| Purpose | Netting Manager helps corporate groups settle intercompany payments by consolidating and converting subsidiaries’ payments into a single local-currency amount. | Novvl combines financial reconciliation and account close workflows on one configurable platform. |
| Reporting | The solution offers funding, participant, settlement, and estimated savings reports. | The platform offers dashboards and reporting for reconciliation status, exceptions, and close performance. |
| Support | Corpay invites prospective customers to discuss their needs with a consultant and book a consultation. | Professional includes priority onboarding and support; Enterprise includes dedicated infrastructure and support. |
Plans
In their own words
Corpay Netting Manager
Corpay Netting Manager helps companies settle payments among subsidiaries by combining obligations and converting the net result into one local-currency amount. Transaction matching and reconciliation workflows support the settlement process. The service provides funding, participant, settlement, and estimated-savings reports. Corpay says the approach is designed to reduce transaction fees and foreign-exchange conversion costs, improve cash-flow forecasting, and lower credit or settlement risk. Aggregated netting information can also be used with a currency risk management solution to mitigate exposure associated with netting. The web-based product is aimed at corporate groups and is designed to integrate with many core accounting systems. Corpay says it can be used in countries that allow netting and describes it as a secure, self-service solution. The plan is listed at free for Corpay customers using the solution or generating reports. Prospective customers can discuss their needs with a consultant and book a consultation.