EXPLORE EURONETTING Announcements
EuroNetting Accelerates Growth in 2020 Through Executive Expansion, Technology Innovation & Client Diversification
EuroNetting, a leading global multilateral netting service, today announced 2020 growth initiatives underway focused on three key areas: (1) Executive Expansion, (2) Technology Innovation, and (3) Client Diversification.
"After several years of planned consolidation in the company's client base, 2020 has become a transitional year for EuroNetting, stimulated by our clients and other interested parties affirming their desire to see the EuroNetting service move forward into the next decade, providing a highly optimized platform for companies to handle their netting in a very efficient manner," said Nigel Cripps, Founder & CEO at EuroNetting. He continued, "With the addition of two partners bringing their unique combination of knowledge and skills to the table, the company is now perfectly positioned to take EuroNetting's well-established capabilities and reputation onward and upward to new levels in the years to come."
1. Executive Expansion
Founded and operated by Nigel Cripps since 1992, EuroNetting is pleased to appoint Andrew Cripps, ESQ. and Evan Mahoney, CPA as Managing Directors. Andrew has over 10 years of international business experience serving as in-house tax counsel for fortune 500 companies with an emphasis on transaction taxes, entity organization, and global indirect tax audit defense. Evan has over 10 years of foreign exchange and international business experience, building international payment brands, developing client training programs, and creating sales enablement solutions.
2. Technology Innovation
EuroNetting has consistently led the field in innovation in multilateral netting technologies. Since its inception as a Windows client-server application in the early 90’s and through to the evolution of the SaaS version of EuroNetting in 2003 that has been regularly upgraded ever since, our technical team continues to engineer new user functionalities and enhanced security protocols including single sign-on (SSO) and two factor authentication (2FA). EuroNetting provides constant availability and performance monitoring; for the 17 years during which EuroNetting’s SaaS product has been in operation it has achieved well in excess of 99.9% availability.
3. Client Diversification
From 25+ years in the business serving well over 100 multinational corporate clients, EuroNetting remains a highly trusted provider of multilateral netting services worldwide. In serving some of the largest and best-known companies across the globe in the Americas, Europe (EMEA), and Asia-Pacific (APAC) regions, EuroNetting is building upon the success of its corporate client relationships through the introduction of a Partner Network that will include a diverse group of quality technology suppliers, global payment providers, and treasury management system (TMS) vendors.
EuroNetting's 2020 investments in its people, products, and processes have solidified an enduring global enterprise for years to come. Looking to the future, EuroNetting is focused on making its multilateral netting service even easier to use, simpler to onboard, and to offer a new level of security options using the latest technologies. To learn more about EuroNetting's growth, please visit https://www.euronetting.com.
Established in 1992, EuroNetting is a consulting and technology company specializing in the design and hosting of highly customizable web-based multilateral netting and associated services. In addition to EuroNetting's core multilateral netting service, the company has delivered a range of custom services to clients including currency exposure aggregation and analysis, hedge tracking, loan tracking and sales tax validation. Headquartered in Scottsdale, Arizona, USA, EuroNetting has served upwards of 120 large national and multinational corporations across the globe in the Americas, Europe (EMEA), and Asia-Pacific (APAC) regions.
EuroNetting - intercompany netting done the right way!