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Business process, procurement and technology services provider, Xchanging plc has partnered with Deutsche Bank and five key clients to launch Netsett, a platform that provides global accounting and net settlement support. The Netsett platform launched in 2012 and significantly lowered the number of steps and people involved in each transaction. It reduced the settlement cycle from six weeks to two weeks, cut bank charges and was able to decrease the payment workflow process by close to 80%.

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