Sweco

Nomentia-reference

About client

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 in 8 business areas, representing 14 countries in Europe, and employs 18 000 Architects, Engineers, Advisors, etc. In close collaboration with clients, Sweco conducts more than 80,000 projects every year, with sustainability being the core of every one of them.

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 process 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

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