Engel & Völkers, the German market leader and one of the world’s leading service companies specialized in the sale and rental of premium residential property, commercial real estate, yachts and aircrafts, uses Nomentia solutions to simplify and optimize daily payments and gain a better overview of all the outgoing payments group-wide.
To improve cash management processes, Engel & Völkers uses has chosen a wide variety of Nomentia solutions:
- Nomentia Bank Account Management to retrieve, view, analyze and monitor cash flows, account statements, and payments centrally by connecting to all bank accounts.
- Nomentia Payments & Process Controls to centralize, control and manage end-to-end payments cycles with built-in payment process controls for fraud prevention.
- Nomentia Bank Connectivity to automate communication with the banks. Nomentia maintains all connections and file format conversions between the banks and Engel & Völker’s ERP and financial systems.
- Nomentia Liquidity to centrally manage all cash flow data and maximize cash visibility.
"With Nomentia, we cannot only further simplify and optimize our daily payment and the related administration processes, but also gain a better overview of all the liquidity position of the group and get visibility into the account balances of our entities inside and outside of Germany" says Valentina Schröder, Head of Group Accounting, Engel & Völkers.
”Engel & Völkers has several entities both in Germany and outside the country. Using Nomentia Cash Management modules to manage payments and liquidity management, the group will take more control over their cash flows and achieve full visibility into the cash flow activities of their entities” adds Jürgen Sprenger, Managing Director, Nomentia.
About Engel & Völkers
For over 40 years now, Engel & Völkers have been specialized in the brokerage of premium residential property, commercial real estate, yachts and aircraft. As a leading global service company, they currently operate in over 1,000 locations in more than 30 countries spanning five continents. Consultancy, sales and leaseholds are among the core competencies of more than 15,000 people working under the Engel & Völkers brand worldwide, who serve their clients as experts in their respective market. Get to know us better at www.engelvoelkers.com
Nomentia is a category leader within European treasury and cash management solutions. Nomentia’s mission is to provide unparalleled cloud treasury and cash management solutions for and with our customers.
Today, Nomentia is solving the challenges of modern treasurers and cash managers across 1600+ businesses in over 80 countries, processing more than 1 trillion euros annually. Nomentia solutions specialize in global payments, bank connectivity-as-service, cash forecasting and visibility, bank account management, financial process automation, treasury workflows, FX risk, in-house banking, and trade finance. For more information, visit www.nomentia.com.