Kramp

About Kramp

From its beginnings as a local family business in 1951, Kramp has grown into Europe's leading specialist in parts, technical products, and digital solutions for agriculture, forest & landscaping, and construction. Kramp serves customers in more than 20 countries with over 500,000 products, industry-leading e-business capabilities, and a mission to make its customers' business easy, while continuously working towards a more sustainable and efficient supply chain.

Headquartered in Varsseveld, the Netherlands, Kramp remains a family-owned business and is not listed on the stock exchange. This ownership structure reflects the company's long-term perspective, combining an international scale with the continuity and entrepreneurial mindset of its family-business roots.

Being collaborative, taking ownership and showing care – be it with customers, partners or employees - continue to guide how the organisation develops. They encourage teams to share expertise, take responsibility for outcomes, act on data, and continuously improve. These principles also shaped the way Kramp assessed its treasury processes and recognised the need for a more centralised, reliable, and scalable foundation.

The challenge: Reducing treasury complexity

Before starting the initiative, Kramp's treasury setup had clear opportunities for improvement. Cash visibility was already available, but it was not consistent or centralised enough to support a growing organisation. Daily treasury operations relied heavily on Excel, manual interpretation of ERP data, and multiple bank portals, which made processes complex and time-consuming.

Data was not fully standardised across entities or banks. This led to different interpretations, made consolidation more difficult, and limited the consistency of treasury reporting. Forecasting and reporting were largely monthly exercises, requiring significant effort while offering limited insight into forecast quality or underlying inconsistencies.

The timing was driven by both ambition and necessity. With strong growth ambitions and increasing awareness of risk and cost, Kramp needed to do more with the same number of colleagues. Decision-making was often based more on experience than on readily available, consistent data, limiting treasury's ability to support management effectively.

"The trigger for our treasury and finance transformation was the need to create a more centralised, data-driven, and scalable foundation - reducing dependency on spreadsheets and better preparing the organisation for future growth."
- Anton in t'Groen, Treasury Manager, Kramp

Addressing these challenges required more than introducing new technology. Kramp needed a partner that could understand its operational requirements and support the organisation in creating a treasury setup built for greater control, efficiency, and future growth. This provided the basis for its partnership with Nomentia.

The solution: Building a scalable treasury foundation

Following an RFP process focused on comparing solutions on a like-for-like basis, Nomentia emerged as Kramp's preferred partner. Against other solutions, Nomentia stood out for its balance between flexibility and overall cost level, which was also confirmed through discussions with a reference client.

Kramp selected the Liquidity module to improve cash visibility and forecasting, together with the Payments module to support centralised payment execution. The implementation was rolled out gradually using a bank-by-bank approach. The setup was not plug-and-play, and progress depended heavily on the banks involved. One bank was implemented smoothly, while others required more coordination and effort. Looking back, involving the right stakeholders from the start proved just as important as the technology itself.

Today, Kramp uses Payments, Cash Visibility, and Forecasting, with five banks connected, some indirectly. Integration with the ERP landscape, based on Oracle via APRO, went relatively smoothly. The solution allows Kramp to reflect its company structure, manage users independently, and adapt more easily as the organisation grows.

"When evaluated against other solutions, Nomentia stood out for its flexibility and overall cost level, which was confirmed through discussions with a reference client."
- Anton in t'Groen, Treasury Manager, Kramp

The partnership with Nomentia enabled Kramp to introduce the solution gradually, align it with the organisation’s structure, and retain the flexibility to adapt as requirements evolve. This combination of treasury technology and a scalable implementation approach was central to building a foundation suited to Kramp’s continued development.

The results: Improving control and efficiency

Rather than focusing on specific KPIs, Kramp's main objectives were to optimise cash and borrowing usage and reduce workload within the shared service organisation. Both objectives have been achieved.

Daily treasury operations have changed noticeably. There is less need to log into separate banking environments, cash visibility has improved, and forecasting now follows a more standardised approach. Accessing consolidated cash positions and generating reports is significantly easier and faster. The standardised processes also make it easier to provide operational backup across treasury and finance teams.

Centralised payment processing has delivered a major operational improvement for the shared service organisation, strengthening control and reducing complexity. Automation has also created clear efficiency gains. Having all bank account statements available in Nomentia and automatically picked up by APRO saves significant time.

Adoption has been positive overall, particularly within the shared service organisation, where colleagues embraced the solution enthusiastically. Colleagues involved in cash flow forecasting also clearly see the benefits. The increased transparency has helped surface inconsistencies and improve insight into accounting data. Forecasting accuracy has improved, although Kramp is not yet where it wants to be. Looking ahead, building on this foundation is a logical next step, with LLM/AI already playing a role, particularly in forecasting customer receipts.

"Centralised payment processing has been a true game-changer for the shared service organisation, improving control and reducing operational complexity."
- Piotr Szafranski, Head of Shared Service Center at Kramp

The partnership with Nomentia has therefore delivered more than improvements to daily treasury operations. It has provided Kramp with a scalable foundation on which the organisation can continue to strengthen automation, forecasting, and data-driven decision-making as its treasury requirements evolve.