Becoming
the number 1
treasury system

“We were in need of a global tool that could be used in all of our locations for all of our payments. The goal was to create a harmonized way of working. One of the main drivers was security: we wanted to improve the safety of our cash outflows and simplify user rights management.”

“With a global visibility on liquidity and future cash flows, we have been able to allocate cash where it is really needed. At the same time we have cut idle cash remarkably throughout the group.”

“Once our IT understood that Nomentia can do magic by connecting to our ERP system, retrieve a file from the bank and send it to our ERP in the right format, it was easy to get their buy-in.”

“Despite a heterogeneous system landscape, Nomentia providers us with an effective tool for ensuring transparency and for flexibly analyzing all of our treasury data.”

“As an information logistics tool, it has been a central element of our IT treasury landscape for more than 10 years. The simplicity, flexibility, and speed of the system, combined with the industry expertise of Nomentia and its openness with regard to customer-driven developments, were the keys to our requirements being optimally implemented.”

“We now have a considerably stronger negotiating position vis-a-vis banks, which have noticed that we are carefully checking statements. Besides this, we now also have an overview of products and prices. Last but not least, we have been receiving major reimbursements as a result of the checks.”

“The positive outcome is that the Group Treasury and the subsidiaries may use the system on a daily basis or whenever they need information on their liquidity forecasts.”

“We save valuable time every month due to the simple data management and the automated issuing of invoices.”

“This project in cooperation with Nomentia and Deutsche Bank has successfully digitalized an important area of bank account management. We are also convinced that far more is possible. We aim to keep focussing on this and invite all others working in treasury to do as we have done. This is the only way that completely digitalized bank account management can become reality.”

“Nomentia is a very smart system, not a standard tool, very easy to modify to reflect our corporate structures, extremely flexible, and additional modules (FX, commodities, EMIR) can be added at any time – the Swiss Army Officers’ Knife for treasurers.”

“Payments were previously taken care of locally and with various systems, so it was obviously very difficult to keep track of everything. Now we have a system that functions smoothly: all payments go through the same process, which is the same in each country.”

“We use the system and the data imported from upstream systems on a daily basis to monitor the utilization of our credit lines, manage our guarantees, and analyze the allocation of business to our banking partners.”