Gasum Oy, a Finnish state-owned energy company operating across the Nordics, has selected Nomentia as its new treasury management solution. With a business spanning biogas production, wind power, and energy market services, Gasum needed a treasury platform that could meet very specific requirements, without unnecessary complexity.
A timely change
Gasum had been using its previous treasury management system for a better part of decade, but with the solution nearing end-of-life and vendor support winding down, the treasury team began evaluating alternatives.
“We knew we needed to find a new solution,” says Max Franck, Treasury Manager at Gasum. “We had a very specific need, and we didn’t want to take on more complexity than necessary.”
While evaluating their options, the team encountered several robust treasury systems. However, they wanted a solution that aligned with their actual requirements, not one that required adapting to a more complex setup.
“Our goal was to find a system that met our needs without being forced into implementing features that didn’t bring us value right now. We needed something more focused and relevant to our situation.”
Fit for purpose treasury, with just the features you need
What stood out about Nomentia was its focused, standardized approach. While many vendors offered full-featured systems designed for more complex use cases, Nomentia’s modular and more focused treasury solution was a better fit.
“Rather than going with a large, feature-heavy system full of things we don’t need right now, we chose something that does exactly what we need today — and does it well,” Franck explains. “At the same time, Nomentia’s treasury solution leaves room to expand if or when new requirements arise.”
Clear expectations from the start
Throughout the process, Gasum has appreciated Nomentia’s openness and transparency.
“We’ve been very pleased with the transparency and straightforwardness in how they’ve handled things,” says Franck. “They’ve painted a clear and realistic picture of what they can deliver, and that’s something we value.”
Looking ahead, Gasum sees the move to Nomentia as a step toward unifying all treasury instruments under one roof. This will support more effective liquidity management, better planning, and more accurate cash flow forecasting as the solution is rolled out.
About Gasum
Gasum is a Nordic energy company specializing in cleaner energy solutions for industry, transport, and energy markets. Headquartered in Espoo, Finland, and fully owned by the Finnish state, Gasum operates 18 biogas plants across Finland, Sweden, and Denmark, making it the largest processor of biodegradable waste in the Nordics.
The company provides natural gas, liquefied natural gas, biogas, and renewable electricity, helping customers reduce their carbon footprint and transition toward a carbon-neutral future. With around 350 employees across five countries, Gasum also offers energy market services and maintains an expanding network of gas filling stations throughout the region. www.gasum.com
About Nomentia
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 1400+ 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. www.nomentia.com.