The Czech COPS Solutions branch already began developing an application for Czech financial institutions fifteen years ago, including the Risk Management System for the Czech National Bank, amongst others. Few would then guess that it would one day become part of a comprehensive software for multinational banks and corporations. Discover the story of Corima, one of the most successful treasury management systems in the German-speaking world.
Positive feedback to partial programmes for financial institutions led the COPS developers to make an important decision: offer a complete modular system for Treasury Management for all areas of banking and corporate finance. First, they built the integrated framework of joint parts of the system, then they adapted the partial software into modules, before finally adding a user-friendly frontend (UI). And thus, the robust modular financial solution for corporations and banks called Corima was born. The Corima Treasury Management system then became a product from COPS IT department.
Currently, Corima is used by about 10% of the German-speaking market. With this solution, corporations gain unified access to all used programmes and applications, incredible security, and a tool offering transparent financial flow monitoring and administration. Three important ingredients had to come together to launch such a complex and successful software.
The Austrian group of COPS has already spent over 40 years on consultations and development for the fintech sector. That allowed it to inject its truly vast experience into preparing this comprehensive system. The Czech subsidiary COPS Solutions then brought its own expert know-how on how to build such a challenging financial system from a technical aspect. The result was some extraordinary synergy that led to Corima’s ensuing success.
The method of agile development enables one to react flexibly to clients’ changing demands during software development. COPS Solutions developers apply this method with success not only when readying large systems for the banking and corporate sector but also in its own Venture Studio, where it takes part in the development of startups, scaleups, and spin-offs from a technical standpoint.
And last (but certainly not the least) of Corima’s benefits is its modularity – who wouldn’t want to choose between over 70 applications that cover even the farthest corners of the financial world? Each company can piece together “their” Corima to meet their own needs and processes. And if something still doesn’t fit just right, the developers will adjust the solution without negatively impacting its other functionalities.
This software’s enormous scope means it covers a corporation’s every requirement, implementing a single system with a united interface for dozens of various applications. However, this modularity also allows one to select only a certain segment. With Corima, you don’t have to solve everything immediately.
Let’s take a quick look at some examples of the applications and functions offered by this Treasury Management system:
For a more detailed breakdown of all of Corima’s functionalities, visit our website.
Corima remains agile The example of Corima illustrates that COPS Solutions knows how to use agile development to develop large software products for the most demanding clientele and bring them to the international market. Yet, development hasn’t stagnated. COPS has experienced support teams at its disposal that ensure software delivery in IT, system administration, and commerce. And if something new should appear, Venture Studio is ready to tackle every challenge.
