Espoo, Finland - 27.01.2026 - Evac Group, a global leader in sustainable water and waste management solutions, has selected Nomentia as its treasury management solution to support the rebuilding and centralization of its treasury function. With operations spanning 13 countries and a growing global footprint, Evac needed a modern, scalable platform to support improved cash visibility and future system development.
Re-establishing a centralized treasury
While Evac had a treasury function historically, responsibilities had gradually become distributed across finance teams, limiting group-level visibility into cash and liquidity. This changed with the appointment of a new CFO at the beginning of 2024, who initiated a reset of treasury operations.
“There was a clear need to formally re-establish treasury as a centralized function again,” says Milja Laosmaa, Vice President Treasury at Evac. “To do that properly, we also needed systems that genuinely support modern treasury work.”
A key priority in the rebuild was reviving centralized cash forecasting to gain a consolidated, group-level view of liquidity.
One platform instead of fragmented systems
Evac was already using Nomentia for payments and liquidity management. When evaluating whether to upgrade an older, standalone treasury system or consolidate capabilities into a single platform, Evac chose to expand its use of Nomentia by implementing Nomentia’s treasury solution.
“We didn’t want treasury to remain a separate silo,” Laosmaa explains. “Extending Nomentia allows us to manage payments, liquidity, and treasury in one integrated system, rather than maintaining multiple disconnected solutions.”
The implementation effort required to upgrade the legacy treasury system would have been comparable, making consolidation the more strategic choice.
A trusted solution with room to grow
Nomentia’s long track record in cash and treasury management, combined with positive peer references, reinforced Evac’s confidence in the decision. Equally important was the solution’s development roadmap and user-driven approach.
“Our treasury needs will continue to grow as the function matures,” says Laosmaa. “Nomentia’s evolving roadmap and focus on real user requirements made it a good fit for both our current and future needs.”
By consolidating treasury into one platform, Evac is positioning itself for improved cash visibility, increased forecasting accuracy, and smoother integration with potential future ERP changes.
About Evac Group
Evac is a global leader in integrated water, waste and wastewater management solutions, as well as corrosion protection and marine growth prevention systems, for the marine, offshore and land-based construction industries. Guided by our promise Nothing to waste, we help customers cut waste, save water and lower emissions, supporting the shift toward more circular and sustainable operations.
Founded in 1979 and headquartered in Espoo, Finland, the company operates through offices in 13 countries across four continents and a network of representatives in more than 70 countries worldwide. Evac employs around 550 people and generated approximately EUR 190 million in revenue in 2024.
www.evac.com
About Nomentia
The European leader in treasury and cash management solutions, Nomentia empowers over 1,400 treasury teams spanning 100 countries to perform at their best. The platform processes several hundred billion euros annually. Nomentia is an end-to-end TMS, specializing in global payments, bank connectivity-as-a-service, cash forecasting and visibility, bank account management, financial process automation, treasury workflows, FX risk, in-house banking, and trade finance.
www.nomentia.com.