About us

Since our establishment in March 1988, softcash ag has been synonymous with innovation and excellence in the field of Corporate Banking, Treasury, and Cash Management. Our headquarters are located in Schindellegi, an idyllic district of the municipality of Feusisberg SZ, Switzerland, from where we operate across Europe.

Our strength lies in our independence and self-financing, enabling us to adapt flexibly to the evolving needs of our clients and provide tailored solutions. We focus on developing and supporting innovative software, such as our renowned product magnet™, specifically designed to optimize Treasury and Cash Management processes.

With over 400 of the most prestigious Swiss and German companies as clients, we have gained extensive experience in the implementation and support of Treasury software. Our commitment to excellence and customer satisfaction means that we not only deliver software but also offer comprehensive support to ensure the smooth operation and efficiency of our solutions.

Our clients come from diverse sectors, including services, commerce, industry, and production. This diversity underscores our ability to provide adaptable solutions for a wide range of industry requirements.

At softcash ag, we take pride in our history and achievements. We are committed to continuing to develop innovative solutions that help our clients manage and optimize their financial resources more effectively.

History

April 2023

The beginning of development of softcash™

After MS-DOS (Treasurer-PC), Windows (euroCASH), and the .NET application (magnet™), we have now reached the 4th generation.

The new browser-based software is called softcash™ and is expected to replace the current magnet™ from 2025 onwards.

February 2021

Release of the EBICS module

FTX NG (Crealogix) is intended to be gradually replaced by the in-house developed EBICS module in the long term. This module enables connectivity to virtually all EBICS banks in Europe.

July 2020

Transition away from OfficeWings (Crealogix)

At the end of April 2020, Crealogix announced to their customers the termination of the maintenance contract for their well-known payment software OfficeWings by the end of 2020. They evaluated alternative products for OfficeWings, both domestically and internationally, to make a recommendation to their customers. In this process, magnet stood out. Therefore, Crealogix recommended magnet™ from softcash ag as the replacement for OfficeWings

April 2020

Release of the RPA agent

Through the implementation of RPA (Robot Process Automation), companies can streamline and make their processes more efficient. In addition to high automation, security is of particular importance.

July 2012

New company domicile

In 2012, the company moved into its new domicile in the Business Center Sihlpark at Chaltbodenstrasse 16, 8834 Schindellegi (SZ), Switzerland.

June 2011

Integration FTX NG (Crealogix)

With the release 3.4, the communication tool FTX NG (Crealogix) was integrated into magnet™. This enabled communication with virtually all Swiss financial institutions on a modern and secure platform.

May 2006

Market launch of magnet™

After the successful field tests, the web-based magnet™ was released for sale. As one of the first companies in their sector, softcash ag offered a new business model. The SaaS (Software-as-a-Service) was based on an ASP (Application Service Provider) solution rather than the traditional software licensing model (one-time licence fees and maintenance/hotline contracts). At that time, and for many years afterwards, that business model was revolutionary.

July 2003

Beginning of the development of magnet™

softcash ag demonstrated their pioneering role already in 1991 with the development of a Windows software. An equally significant milestone was the start of programming of the web-based treasury application magnet™ in summer 2003.

March 1998

10-year company anniversary

The anniversary year was also a commercial success. The revenue per head increased by > 270,000 CHF. A dividend was distributed for the first time in the company's history.

December 1997

Reengineering of euroCASH

euroCASH was subjected to a major reengineering. Turnover increased by over 36 % compared to the previous year.

December 1994

Change of name

With the leaving of the founding member J. Walt, the company was renamed softcash ag and new strategic direction was taken.

December 1993

New corporate direction

The hardware/network area was closed down in order to focus on the Windows treasury software euroCASH.

October 1992

Release of euroCASH

In spring 1992, euroCASH was released for the sale. The market launch of this Windows application was sensational because there were practically no Windows programs at the time. By the end of 1992, 10 new customers had been acquired.

April 1991

Start of development of euroCASH

Start programming the new Windows application euroCASH.

January 1990

Strategic corporate realignment

Termination of the cooperation with Fides Informatik and decision to develop an own Windows treasury application. At that time, there were actually no Windows applications.

March 1988

Company foundation

Foundation of Walt & Partner AG with the purpose: consulting in the financial and EDP sector, production, representation and trade in software distribution and consulting of the MS-DOS treasury application Treasurer-PC from Fides Informatik AG. Sale, installation and maintenance of hardware and network installations for 'blue chips'.