Crealogix recommendation for OfficeWings customers
At the end of April 2020, Crealogix (CLX) terminated its customers’ maintenance contracts for the well-known CLX payment software OfficeWings as of the end of 2020. For a recommendation to its customers, CLX evaluated an alternative product for OfficeWings at national and international level.
In this process, the web-based magnet™ convinced with its high technological standard (SQL-DB etc.), modular pricing concept, scalability and user-friendliness, among other things. For this reason, CLX recommended softcash ag’s magnet™ for the replacement of OfficeWings.
RPA (Robotic Process Automation)
For some time now, AutoDownload has been used to automatically download bank files (MT94x, camt.05x files, e-documents) and FX rates. With Rel. 20.1.0.0, magnet™ also received Robotic Process Automation (RPA). New jobs are now constantly being developed for the so-called ServiceAgent, e.g. PAYMENT. With this, mass payment files (supplier and/or wage files) can be uploaded to magnet™ fully automatically and within fractions of a second after being saved in the ERP. Internal fraudsters and external hackers no longer have a chance to manipulate such a payment file.
Other jobs are DEBTOR for uploading OP lists, etc.
New user interface
With Rel. 19.1.0.0, magnet™ received a new GUI. The user interface is even more similar to Microsoft Office products. Users therefore feel even more at home in magnet™. And due to the intuitive way of working, the introduction and/or training efforts are significantly reduced.
Extension of Liq Planning with ‘Currency Exposure’
The topic of ‘currency hedging‘ became more and more important in the market. With magnet™ Rel. 4.4.11, this customer need was taken into account. The liquidity planning was expanded with the currency exposure, as well as the hedging proposals based on hedging quotas and strategies.
Individual, dynamic Excel reporting with data provided by magnet
With magnet™ Rel. 4.4.9.1, a raw data export to Excel was implemented. This enabled customers to set up dynamic reporting at no additional cost.
ISO20022 – Harmonisation of payment traffic in Switzerland
Now it went one after the other – with the expansion of Rel. 4.3.3, the first productive version of the implementation of ISO20022 was delivered and made available to the customers.
2FA (2-Factor-Authentication) & IRS (Interest rate swaps)
With this release, the new derivatives module (IRS/interest rate swaps) was delivered.
At the same time, the 2FA (two-factor authentication) was delivered productively.
Automation processes
In Rel. 4.2.12, the automation processes in magnet™ were further expanded. With AutoDownload, the download of camt.05x (MT94x) files, e-documents, camt.054 (ESR/BESR) files could be automated with a scheduling procedure.
Roll-Out Rel. 4.2
For Rel. 4.2 the main attention was placed on the security. The user management was comprehensively revised and extended. This included, the ‘4-eyes principle’ (2 geographically independent administrators with mutual protection, extension of security policy, etc.). In addition, an interface to trading platform 360 T was also implemented.
Roll-Out Rel. 4.0
An important year in developement for magnet: softcash ag provides their customers with the kassa currency rates from over 150 currenciesfor free. Troughout the day, the customers receive those currency rates trough an automated process with a little delay, the rate is logged for the future. The ‘Netting’ module got another big update. The liquidity planning also received the possibility of an alternative planning . The Liquidity Forecast tool has also been expanded to include a new dashboard with many new features, including many graphical tools.
Important developements
The modules ‘liquidity planning’ and ‘netting’ where thoroughly re-developed. Also the loan module was upgraded. We also paid big attention to the “Harmonization in the electronic fund transfer”. We activated the payment formats ISO20022 and pain.001 for Switzerland and Gernany on our productive servers.
Roll-Out Rel. 3.5
Rollout of Rel. 3.5 with the main emphasis: New module ‘Debitoren Match (Creation of a debitors-payment file on the base of a single payment MT940 and the debitors-OP-list for export to the debtor accounting), new ‘limits-control’ and comprehensive extensions of the loan module.
New HQ-location
2012 the new location of the Head Quarter was inaugurated, based in the business center ‘Sihlpark’ at the Chaltenbodenstr. 16 in 8834 Schindellegi SZ.
Revolutionary Rel. 3.4
Release 3.4 is again a milestone in the history of magnet. With the integration of the communication tool “FTX NG” (Crealogix) is a communication with nearly every Swiss financial institution on a modern and secure platform possible. Furthermore the user interface was modernised in Rel. 3.4.
Migration of Magnet to .NET-framework 3.5
With the release of Version 2.5 and 3.0 magnet was amongst other things migrated to .NET-Framework 3.5 and Active Reports 3.0 and fulfill therewith further highest technical standards.
Launch of Magnet
After successfull field tests, magnet was release for sales. The business model of SaaS (Software-as-a-Service) on a ASP-base doesn’t the traditional software licensing (On-Permise license and Maintenance / Hotline contracts).
Rollout of Magnet
In summer 2004, contracts with two designated swiss companies were made for a pilot project of magnet. In autumn magnet was taken in operation at those pilot customers.
Start of the developement of Magnet
In summer 2003 the developement of the web based treasury-application ‘magnet’ started.
10 year company jubilee
The jubilee year was also commercial very successful. The revenue per employee increased to >270’000 CHF. For the first time a dividend has been distributed.
Reengineering of EuroCASH
Comprehensive reengineering of euroCASH. Sales increase compared to the previous year by over 36%.
Change of name
With the retirement of the founding member J. Walt, the company name was changed into softcash ag and new refocused.
New corporate alignment
The hardware-/network department was given up. Despite difficult economic circumstances, was softcash ag able to gain 17 euroCASH contracts.
Release of EuroCASH
In Spring 1992 the Windows-application euroCASH was release for sales. Until the end of 1992 we were able to gain 10 new customers.
Pilot phase of EuroCASH
In the summer 1991 with we were able to settle pilot-contracts with two designated swiss companies.
Begin of developement of EuroCASH
Beginning of the developement of our new Windows application euroCASH.
Strategic company realignment
Termination of the cooperation with Fides Informatik and decision to develop an own Windows-Treasury-application.
Company founding
Founding of Walt & Partner AG with the following purpose: Consultation in finance and IT, production and commerce with software … Distribution and consultation of the MS-DOS Treasury application ‘Treasurer-PC’ from Fides Informatik AG. Sales, installation and maintenance of hardware- and network-installations at ‘Blue Chips’.