Archcroma

Archroma was previously using Excel spreadsheets to keep track of and manage cash flows, which was a time consuming and highly complex weekly consolidation exercise. In 2014, the company bid farewell to spreadsheets and moved to our cash flow forecasting solution. As stated by Archroma’s Head of Treasury, Bas Coolen, the transition was painless as Nomentia offers an easy upload interface for forecast and bank data from other systems, which eliminated the need for additional IT resources.

The solution, as regarded by Archroma, offers value for money and is easy to use, also for those working outside the Treasury department. The solution allows a smooth switch between different views, such as global, regional and entity views, or timelines and currencies.

"For all the above reasons, Archroma’s Treasury team would recommend this company particularly for SME multinationals as an easy, comprehensive and affordable way of cash management."

Bas Coolen, Head of Treasury at Archroma.