Year founded
2013
Industry
Chemical Manufacturing
About
Archroma is a global, diversified provider of dyes and specialty chemicals serving the branded and performance textiles, packaging and paper, and coatings, adhesives and sealants markets.
Archroma works with 5,000 employees in 42 countries and with 35 production sites.
Challenge
Previously, Archroma used Excel spreadsheets to manage cash flows. This was a time-consuming and highly complex weekly consolidation task.
Solution
The transition from Excel spreadsheets to Nomentia Cash Flow Forecasting was very smooth. An easy upload interface for forecasting and bank data from other systems was configured which eliminated the need for additional IT resources.
Archroma stopped using Excel & started using Nomentia Liquidity
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.
Improved treasury management starts with Nomentia
Would you like to discover how we can assist your treasury team?
