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Year founded
1997
Industry
Construction engineering
About
Sweco is Europe’s leading architecture and engineering consultancy with a net sale of approximately SEK 21.8 billion (EUR 2.1 billion) in 2021. Sweco has been part of the transformation of society for more than 130 years.
Sweco operates within 14 countries in Europe, and employs 20 000 Architects, Engineers, Advisors, etc. In close collaboration with clients, Sweco runs more than 120,000 projects each year, with sustainability as the core focus.
Challenge
Before implementing Nomentia, Sweco had the challenge of the subsidiaries entering data in two different formats. The reporting differed with some companies reporting into the group’s consolidation system and some in Excel. This process was manual and time consuming. There was also a lack of cash visibility.
Solution
With Nomentia Cash Visibility and Liquidity, Sweco has improved cash visibility and forecasting processes significantly. Sweco now has a harmonized forecasting process and a clear overview of the cash position. The direct bank connectivity enables Sweco to compare forecasts against actuals aiming to improve the efficiency in the liquidity handling.
“It’s a robust system with good flexibility. You can quickly adapt and utilize according to your business needs.”
Ulrika Bäcksin, Group Treasurer, Sweco
Improved treasury management starts with Nomentia
Would you like to discover how we can assist your treasury team?
