Corpay Netting Manager vs UniFi

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.

UniFi is a business process automation platform for finance and other departments, aimed at mid-market and enterprise organisations. Its no-code builder and process engine let users create and customise business applications. For accounting workflows, it can capture data when a process begins and send journal transactions to a finance system. Middleware, data connectors and an open API link business systems, while its Excel add-in moves data between spreadsheets and UniFi in real time. Listed uses include purchasing, sales, financial accounting, reporting, expenses and travel, compliance, asset management, and budgeting and forecasting. It is available on Android, iOS and the web, and provides an API. UniFi states that it is ISO 27001 certified and SOC 2 Type 2 compliant, with annual independent audits. Full User pricing is £9 per user per month, billed annually, and includes 300GB of storage per user shared across users and a 99.9% uptime guarantee. A Credit User costs £3.50 per submission, with a minimum of 10 credits per month and a 12-month subscription.