VDM Metals, a company of the ACERINOX group, puts its trust in Nomentia's state-of-the-art solution in cash management

VDM Metals has been at the forefront of developing materials for the future for more than 85 years with state-of-the-art production technologies in their Germany and the United States facilities. 

Today, with a delivery volume surpassing 40,000 tonnes yearly and employing 2,000 people worldwide, VDM Metals is the world market leader for nickel alloys and high-alloyed special stainless steels.

Now, VDM Metals uses Nomentia Payments to gain better control of their payment workflows globally by enabling their treasury team with a payment hub.

"The VDM Metals brand stands for innovative strength and experience, customer proximity and reliability. These are values that we have also found in Nomentia! Our goal for the future is to optimize our global payments by using Nomentia by adapting one single payment platform to achieve complete clarity over our cash flows. At the same time, we are outsourcing bank connectivity and format conversion to Nomentia which is a big relief for our team. We are looking forward to this journey to transform our daily cash management"
says Ruth Leopold, Head of Treasury, VDM Metals.

“We are delighted to welcome VDM Metals on board! The selection of Nomentia's cash management solutions by VDM Metals underscores their dedication to building a forward-thinking and streamlined treasury. VDM Metals is strongly committed to innovation, and the company's treasury team is fully on board with this initiative. Implementing a payment hub marks the initial phase in their journey to transform the work of their treasury department,"
stated Hubert Rappold, Chief Sales Officer at Nomentia.

About VDM Metals

VDM Metals is developing materials for the future – and has been doing this for more than 85 years. In doing so, we are building on state-of-the-art production at sites in Germany and the United States. As a group of companies operating worldwide, our objective is to live up to our corporate responsibility – regarding environment and energy consumption, occupational safety, the health of our employees, or compliance. Today, with a delivery volume of over 40,000 tonnes, we are the world market leader for nickel alloys and high-alloyed special stainless steels. VDM Metals employs more than 2,000 people worldwide aiming to continue this unique success story. More information: https://www.vdm-metals.com/

About Nomentia  

The European leader in treasury and cash management solutions, Nomentia empowers treasury teams with the trust, knowledge, and clarity needed to positively impact their organizations everyday. Presently, Nomentia empowers over 2,000 treasury teams spanning 80 countries to perform at their best. The platform processes an annual sum exceeding 800 billion euros. Nomentia is an end-to-end TMS, specializing 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. To learn how Nomentia can empower your treasury team, visit www.nomentia.com.