Cobase vs Fyorin
Cobase vs. Fyorin: Treasury & Financial Operations Comparison
When selecting a treasury and financial operations platform, evaluating Fyorin and Cobase will help you determine the best fit for your business. While both platforms offer in-house banking and treasury capabilities, as well as bank and ERP connectivity, Fyorin extends beyond Cobase’s offering by providing an end-to-end solution with in-platform payments, receivables, and expense management, all while reducing costs and complexity through direct access to Tier 1 financial institutions.Dedicated multi-currency accounts in 100+ currencies | ||
Domestic payment routes | ||
Automated payables | ||
Bulk payments | ||
Automated payroll | ||
Automated receivables | ||
Sub-accounts | ||
Expense Management | ||
Corporate expense cards | * | |
Integration with existing accounts | * | |
Diversification of liquidity risk | ||
API capabilities | ||
Cash position monitoring | ||
Balance optimisation and in-house banking | ||
Multi-entity management | ||
FX Hedging | ||
Integration with ERPs | * | |
Cobase is a European SaaS platform focused on multi-banking connectivity, payments, and treasury management. Originally focusing on delivering corporate banking connectors, they now highlight in-house banking and treasury as part of their evolving offerings. Cobase integrates with banks and ERPs via API, SWIFT, EBICS, and H2H, but still requires companies to maintain direct relationships with financial institutions. Their payment hub centralises invoices and batches payments for approval, but reconciliation requires additional tools or manual data entry. Treasury features include cash pooling, balance optimisation, and basic forecasting however FX and liquidity need to be delivered through third-party.
Financial Automation Offering
Fyorin delivers a complete finance automation solution, covering payables, receivables, and expenses with corporate physical and virtual cards within a single platform. Unlike Cobase, which relies on batch payment files and manual reconciliation, Fyorin automates the entire financial lifecycle, from the receipt of the invoice to payment execution and reconciliation, and posting within the ERP, eliminating the need for additional tools or manual work.
Direct Access to Financial Institutions for Multi-Banking & Diversification
Cobase’s in-house banking module helps businesses centralise cash across subsidiaries and banks, but it still relies on external banking relationships. This means businesses face ongoing compliance, onboarding, and operational costs for maintaining multiple accounts. Fyorin takes in-house banking a step further by offering direct, in-platform access to Tier 1 financial institutions with a single compliance and onboarding process. Businesses can instantly diversify liquidity risk, establish banking presence in new jurisdictions and execute payments across 100+ currencies and 200 countries, all from a single interface.
Global Payments & FX Capabilities
Fyorin’s direct access to local payment rails enables businesses to send, receive, and hold funds in 100+ currencies, reducing settlement times and transaction costs. In contrast, Cobase primarily facilitates bank-hosted wire transfers, which are often slower and more expensive.
Cobase also offers FX hedging but trades are executed through external providers. Fyorin delivers in-platform FX hedging within its treasury module, allowing businesses to hold, exchange and manage currency exposure and optimise liquidity in real time.
Faster Implementation & Lower Maintenance Costs
Cobase’s integrations require heavy implementation efforts, with each bank and ERP connection needing to be configured separately, leading to high IT dependency and ongoing maintenance costs. Fyorin’s solution offers out-of-the-box, zero-implementation connectivity with both banks and ERPs (native connections with leading software). Businesses can instantly connect their systems, transact, and automate financial operations without costly technical overhead.
