Hanab

About Hanab

Hanab is a leading Dutch company specialising in energy, technology and connectivity. With specialist divisions (Connectivity Solutions, Infra Solutions, Energy Solutions, Installation Technology and Pipelines & Utilities), connecting people, businesses and systems. Its specialists work daily to create reliable networks for gas, water, energy, data and heating.

Through its specialised divisions, working both above and below ground, the company supports the energy transition and the growing demand for digital connectivity.

Hanab launched as a new brand on 13 December 2024, built on 160 years of craftsmanship. Headquartered in the Netherlands and employing more than 3,600 people, the company combines technical expertise and operational excellence with a strong focus on safety, sustainability and long-term customer relationships. When the carve-out from VolkerWessels created the need for an independent treasury capability, Hanab worked with Zanders as implementation partner and Nomentia as platform provider.

The challenge: Establishing treasury independence without interrupting business 

Hanab had four months to establish treasury independence across 70 operating entities and four banks, with no room for interruption. The carve-out from VolkerWessels meant separating from the centralised group treasury and payments environment the organisation had relied on for years, including its existing treasury management system and payment hub. At the same time, the newly formed group had to build a fully independent capability from the ground up.

Daily operations still had to continue from the first day of the new group. Salaries and supplier payments had to be processed, intercompany flows had to remain operational, bank reporting had to continue, and the existing In-House Bank structure had to be available immediately. Although Hanab's geographic scope was relatively compact, several business segments and many underlying entities made alignment across the organisation a significant part of the challenge.

The project also began without a dedicated in-house treasury team. During the four-month summer implementation, the teams had to design, configure and test the new setup while streamlining processes between business segments. Multiple ERPs, different automation levels and varying technical setups added further complexity. As a newly independent, PE-backed group, Hanab also required segregation of duties, approval workflows, audit trails and reporting to be embedded from go-live rather than introduced later.

“We had just four months to build an independent treasury and payments environment, while keeping day-to-day operations running smoothly. With Nomentia, we secured continuity from day one and created a scalable platform for future growth.”

Bas Spelbos, Corporate Finance Director at Hanab

“The combination of a tight timeline, no dedicated treasury team and a fragmented IT landscape made this a highly coordinated implementation. Governance and controls could not be added later; they had to be designed into the platform from the outset.”

Marieke Spenkelink, Director at Zanders

The solution: Focusing first on what Hanab needed for day one

Hanab was not simply replacing individual systems. It needed one integrated, cloud-based SaaS treasury solution covering cash management, bank connectivity, payments, liquidity reporting, in-house banking and guarantee administration. A structured evaluation compared Nomentia, Coupa and FIS through product demonstrations and an assessment of the requirements that mattered most to Hanab.

Nomentia was selected as the best overall fit. Its comprehensive functionality - particularly integrated guarantee management - was supported by strong industry references including NCC and Peab, high G2 ratings and a European footprint. Hanab also considered implementation timelines, service quality and total cost of ownership. With an active M&A strategy, the company needed a platform that could meet the immediate carve-out deadline and scale to accommodate future acquisitions.

“We were looking for a solution that could support our immediate carve-out requirements without limiting us later on. The combination of core treasury functionality, guarantee management, implementation pace and long-term scalability gave us the confidence that we could meet our day-one needs and build from there.”

Bas Spelbos, Corporate Finance Director at Hanab

The implementation followed Hanab's day-one priorities. Phase 1 focused on payments and cash management for the main banking partners, ensuring that the most critical processes were ready for the carve-out. During Phase 2, salary payments were further automated and streamlined across all business segments. The implemented scope now also includes liquidity reporting, the In-House Bank and guarantee administration.

A clear division of responsibilities kept the project moving despite limited internal capacity. Zanders acted as Hanab's end-to-end implementation partner and treasury bridge, leading project management, functional design, configuration, testing and change management. Its team also stepped into key-user, administrator and coordination roles across Nomentia, the banks and the ERP teams. Nomentia contributed platform expertise, technical implementation support and connectivity setup, while Hanab retained ownership of business decisions, sign-off and stakeholder alignment across its divisions.

“The clear division of responsibilities between Hanab, Zanders and Nomentia was essential. A structured, blueprint-led approach allowed the teams to move quickly while maintaining alignment across the business, the banks and the ERP landscape.”

Marieke Spenkelink, Director at Zanders 

The result: Day-one continuity with room to grow

Phase 1 went live in approximately four months, in time for Hanab's operational separation from VolkerWessels. The new treasury and payments platform was operational within the carve-out window, allowing the business to continue its day-to-day activities without disruption.

The controls required by a newly independent group were part of the operating model from the beginning. Segregation of duties, role-based access, four-eyes approval workflows and a full audit trail were embedded in the design, giving Hanab the required governance from go-live.

The Nomentia platform now supports more than 70 operating companies and 4 bank connections. Its modular foundation can absorb additional entities, banks and modules as Hanab continues to grow. What began as a time-critical carve-out project has therefore established a scalable treasury environment that can support the organisation's current structure as well as future growth and M&A.

About Zanders

For Hanab, Zanders served as both end-to-end implementation partner and treasury bridge. The team led project management, functional design, configuration, testing and change management, while coordinating with Nomentia, the banks and the ERP teams and supporting key-user and administrator responsibilities during the carve-out.

Zanders is a global financial performance partner in treasury, risk and technology. With more than 30 years of experience, the company supports multinational corporations, financial institutions, public sector entities and NGOs in treasury strategy and organisation, technology selection and implementation, financial and non-financial risk management, risk modelling, validations and regulatory compliance. Zanders has also developed its own suite of innovative SaaS solutions on the Zanders Inside platform and has more than 500 employees across Europe, the Middle East, South Africa, India, the United States and Asia Pacific.