Cargotec Reference Case

About client

Cargotec is a leading provider of cargo and load handling solutions. With headquarters in Helsinki, Finland, Cargotec has approximately 11,500 employees and operations in more than 100 countries.

Challenge

Cargotec has been using Nomentia solutions already since 2007. In 2012 they have been looking for a solution that would reduce the amount of manual work spent on netting.

Solution

The Nomentia solution has been updated with additional functionalities and modules. As a result, Cargotec has been able to significantly reduce the time and manual workload associated with netting.

User friendly reports and flexible support for file based data transfer

"From the treasury's point of view, netting takes hardly any time and no longer needs to be done manually. The reports are user-friendly, and the treasury payments are automatically available via the TMS for the banks to process. It's very easy to check that the results are in order."

Mikko Myyrä, Director, Treasury at Cargotec.

A majority of the employees involved in Netting are subsidiary representatives who report their internal invoices into the netting cycle, review their counterparties' claims, and incorporate the netting result in their ledgers. In addition to general user-friendliness, Cargotec's subsidiary users particularly value the flexible support for file based data transfer. The Nomentia System interfaces with Cargotec's ERP system (SAP) for importing internal invoices into the netting cycle, as well as for auto-clearing them in the ERP after the netting cycle has been complete.

Nomentia solutions have helped Cargotec to operate the netting process with a minimum of manual work within the subsidiaries as well as the Group Treasury.

We’d love to meet you!

Have you explored our solutions and you’ve found them interesting? We’d love to meet you and show you more!

Hyper modular

Nomentia has a hyper modular approach. Take only the solutions that you need and integrate them into your existing technology stack.

Connect with your banks easily

We help you to connect with over 10 000 banks globally through host-to-host, SWIFT, and local connections.