COPS News
COPS takes over customer support and acquires perpetual license to PMS software from Much-Net for further development
Vienna, Juli 1st 2021
COPS GmbH Vienna has acquired a license to the software for the portfolio and risk management software PMS from Much-Net GmbH Bonn for further development and will also take over the support of existing Much-Net customers with immediate effect. Coupa will integrate parts of PMS in their own corporate treasury management tool but will not offer PMS as standalone solution to the market.
Since the 1990s, there has been a close partnership between COPS and Much-Net, which has excelled especially with comprehensive solutions in risk management, portfolio management and market valuations.
In this cooperation, COPS has always played an instrumental role in the implementation of PMS and first-level support. PMS is used by banks and investment fund companies. The main applications are the management of the treasury or fund portfolio, its valuation and risk analysis, and the control of front-to-back processes. In addition, PMS ensures compliance with country-specific regulatory requirements for customers of all types.
"PMS can be used to evaluate and analyze any product, no matter how complex its structure is," says Martin Zavadil, Managing Director of COPS. "We can now ensure that not only customer support will continue to be provided, but more importantly PMS will be continuously developed. Thus, our customers can be sure that their existing and future requirements will be satisfied." COPS also intends to set new standards in the software's usability in the coming years.
In improving usability, COPS can also draw on its experience in developing corima, its own treasury management software. If required, PMS is already in use as an integrated calculation core in it. Like PMS, corima is a modular solution. It fulfills all central and, if necessary, complex requirements of a modern corporate treasury.
"With the continuous development of PMS now being assured, not only our banking and insurance customers will benefit, but automatically our corporate treasury customers as well," says Lukas Steiner, Managing Director of COPS. " In future we also can ensure that all influences from the financial sector, for example of a regulatory nature or on the product side, can also be mapped in corporate treasury."
COPS has been active as a specialist provider of IT solutions in the financial industry for over 40 years. The Vienna-based company has subsidiaries in Germany and the Czech Republic. From here, COPS serves banks, insurance companies, investment fund companies, asset managers and corporate treasurers Europe with a focus on the DACH region.
After ensuring continuity of care for the customer base, this is to be steadily expanded. "We will thus continue to be an equally reliable, as well as flexible and independent partner for our customers in the future, who will also continue to deliver individual and powerful total packages from a single source in accordance with our corporate philosophy," concludes Christopher Lapp, Managing Director of COPS Germany.