How does automation transform the bank reconciliation process?

Automation connects banks, ERPs, and accounting systems to match transactions in real time. It reduces manual work, eliminates errors, improves auditability, and provides instant visibility across entities — turning reconciliation from a reactive task into a proactive financial control.

When should treasurers use the direct vs. indirect cash flow method?

The direct method gives an immediate view of real cash inflows and outflows — ideal for short-term liquidity planning. The indirect method adjusts net income for non-cash items to reveal long-term trends. Many treasurers use both direct and indirect methods: direct for daily visibility and indirect for strategic forecasting and performance analysis.

What should companies look for when choosing bank reconciliation software?

The best solutions offer automated bank feeds, multi-bank integration, and rule-based matching to eliminate manual effort. They should support multiple currencies, integrate with ERP/accounting systems, flag exceptions instantly, and provide real-time visibility to strengthen accuracy and control.

What are best practices for managing cash pools in a centralized treasury?

Effective cash pooling requires clear governance, transparent intercompany agreements, and automation through a TMS. Treasurers should set participation rules, define interest policies, and monitor balances daily to ensure liquidity optimization while maintaining compliance and audit readiness.

How can companies effectively mitigate liquidity risk?

Liquidity risk mitigation starts with accurate visibility into cash positions, reliable forecasting, and strong contingency plans. Treasurers should stress-test scenarios, diversify funding sources, and align liquidity buffers with business strategy to remain resilient under market volatility.

How does a cash management system enhance target balancing?

A Cash Management System (CMS) automates sweeps and top-ups across group accounts based on predefined target levels. It ensures liquidity is deployed efficiently, minimizes idle cash and borrowing, and provides real-time visibility — turning daily balance management into a strategic liquidity control process.

What are the first steps to building a liquidity management plan?

Start by mapping all cash inflows and outflows across entities and banks. Define liquidity KPIs, centralize data collection, and automate visibility through a TMS or reporting tool. From there, establish forecasting routines and governance to ensure long-term cash control and stability.

In the last few years, with the U nited K ingdom (UK) business landscape having changed a lot, sufficient cash management has become a top priority for companies looking to streamline operations, manage foreign exchange risk, and ensure compliance. With Brexit-related currency volatility and evolving regulatory requirements, companies need robust cash management solutions that provide real-time visibility and seamless integration with both domestic and international banks. This article explores the current cash management challenges in the UK and the top solutions available for 2025.

How to protect your payment security is the key question in the emerging threat landscape. In this article, Nomentia's Jouni Kirjola answers key questions about securing corporate payments and preventing payment fraud. By exploring both emerging threats and best practices, we offer practical advice on how businesses can protect themselves from fraud attempts, maintain compliance, and strengthen the overall integrity of their payment processes.

In a recent interview, Jukka Sallinen, CEO of Nomentia, discussed the rapidly changing landscape of corporate cash management. He emphasized key drivers like technological advancements, economic volatility, and shifting regulatory frameworks that are shaping the future of cash management and business operations. He stressed the increasing role of automation, artificial intelligence, and other emerging technologies, noting that while these innovations present significant opportunities, it is essential for businesses to remain anchored in sound financial principles. According to Sallinen, embracing these changes is crucial for staying competitive, but long-term success will depend on balancing innovation with prudent financial management.

Seamless bank and system connectivity, automated payment fraud prevention, and cash flow control - What are the tech-savvy and fast-to-scale Swedes looking for in a payment hub solution? In a recent interview, Nomentia's Helene Cardelli shared the trends and requirements of payment process harmonization for businesses in Sweden. Multinational or operating in a single market, SMEs and large enterprises can benefit immensely from adopting a payment hub solution, which gives them greater control over their cash flows, improves transaction accuracy, and enhances their ability to quickly adapt to the changing business landscape. Swedish businesses look to payment hubs to free treasury and cash management professionals to focus on more value-added tasks, which all companies should aspire to.

How does Nomentia's payment hub solution integrate with our existing ERP, accounting, and banking systems?

Seamless payment hub integration ensures that businesses can automate payment processes without the need for manual data entry or complex workarounds. It reduces errors and enhances efficiency. Nomentia Payments integrates smoothly with any bank, ERP, or banking system.

Can Nomentia’s payment hub solution handle multi-currency and cross-border payments?

For companies dealing with international transactions, handling multiple currencies and cross-border payments is crucial to ensure smooth global operations and Nomentia’s payment hub solution handles multi-currency and cross-border payments with ease.

Can Nomentia’s payment hub solution automate payment approval workflows, and can these workflows be customized?

Customizable approval workflows help businesses maintain control over payments while streamlining the process and ensuring compliance with internal policies, which is a core functionality of Nomentia's payment hub solution.

We operate in only 2-3 countries. Is a payment hub right for us?

A payment hub can still be beneficial even if your operations are limited to 2-3 countries. Improvements in security alone make a valid argument for a payment hub, even for businesses with manageable geographical footprints, but cost savings from automation and process optimization are also something to consider.

Does Nomentia’s payment hub support real-time payment processing and reconciliation?

Real-time processing and reconciliation provide immediate visibility into payment status, enabling businesses to manage cash flow and accounts more effectively, which is why Nomentia’s solutions support them.

We operate in +50 countries. Can Nomentia Payments handle that?

Yes, Nomentia Payments can handle operations in over 50 countries. In fact, Nomentia has processed transactions in over 80 countries and supports more than 60 different currencies. Our payment hub solution is a robust one for managing global payments, ensuring compliance, and maintaining security across multiple regions.

Can Nomentia’s payment hub solution restrict user access based on roles and permissions?

Role-based access control in Nomentia’s payment hub solution ensures that users only have access to the functions necessary for their role.

What is the typical implementation timeline for Nomentia’s payment hub solution?

Nomentia’s payment hub implementation timeline depends highly on the customer’s readiness and needs. At its swiftest, the payment hub can be up and running in weeks.

Is there a sandbox or testing environment available during the implementation?

Thorough testing is an integral part of Nomentia's payment hub solution implementation, and it allows businesses to test the payment hub before going live.

In a recent interview, Jukka Sallinen, CEO of Nomentia, discussed the rapidly increasing adoption of payment hubs among Finnish businesses and highlighted the valuable insights that can be drawn from this trend by companies worldwide. As back-office resources remain static while demands continue to escalate, Sallinen emphasized the critical need for businesses to utilize their resources more efficiently. By automating routine tasks, organizations can free up skilled professionals to focus on strategic initiatives that drive competitiveness and support sustainable growth. Finnish companies are leading the way in this transformation, setting a benchmark for global businesses striving to enhance operational efficiency and strategic impact.

How does automating cash management improve treasury operations?

Automation streamlines liquidity, payments, forecasting, and risk management by reducing manual work and errors. It provides real-time visibility, strengthens fraud prevention, simplifies compliance, and frees treasury staff to focus on strategic planning instead of repetitive tasks.

What businesses benefit most from cash management automation?

While automation can benefit companies of all sizes, it’s especially critical for: Mid-sized and large organizations: With multiple accounts, currencies, or jurisdictions, manual processes become inefficient and error-prone. Fast-growing businesses: Automation ensures scalability as transaction volumes increase. Companies in regulated industries: Automated compliance tools help navigate complex regulatory requirements.

What is the best cash management solution for our company?

The right solution depends on the size, structure, and needs of your business: Small businesses: Look for actionable and simple-to-implement solution that tackle specific cash management challenges. Think cloud-based, modular and automated. Focus on ease of use and scalability without overwhelming costs. Mid-sized businesses: As operational complexity increase, solution modularity becomes a necesseti. Modular features scale as operations grow and help balance affordability and functionality with integrations to ERPs and banks. Large enterprises: Advanced systems are ideal for managing complex, evolving, global operations. They provide robust capabilities, from multi-currency support to compliance management and AI-driven forecasting.

What’s the difference between centralized and decentralized cash management?

Centralized cash management: All cash-related activities are managed from a single location or system. It offers better visibility and control but may lack flexibility for local operations. Decentralized cash management: Subsidiaries manage their own cash independently. This provides flexibility but can lead to inefficiencies, reduced visibility and lack of control.

How do I choose the right cash management system for my business?

Start by assessing your needs: Where do manual processes fail (e.g., forecasting, payments)? What features are critical (e.g., scalability, fraud prevention)? Does the system integrate with your ERP and banks? Evaluate vendors based on their reliability, customization options, and total cost of ownership.

How long does it take to implement a cash management system?

Cash management system implementation times vary based on the system’s complexity and the organization’s readiness. A modular system might take a few weeks for basic functionality, while enterprise-wide solutions can take several months.

Is cash management automation affordable for small to mid-sized companies?

Yes, automation is increasingly accessible to smaller organizations. Many providers offer: Subscription models: Cloud-based solutions with monthly fees, reducing upfront costs. Modularity: Start with essential features and expand as your business grows. Affordable entry-level tools: Products that offer basic cash management automation tailored with room for growth allow you build sustainable cash management processes. The ROI for small and mid-sized companies is often high, as automation reduces the time and cost of manual processes, enhances accuracy, and prevents costly errors or fraud.