Year founded
1918
Industry
Wholesales building materials
About
Uponor is a Finnish company that sells products for safe drinking water delivery, energy-efficient radiant heating and cooling systems, and reliable infrastructure solutions in more than 80 countries.
Uponor employs about 4,000 professionals in 26 countries in Europe and North America. For their subsidiaries, Nomentia product family enables currency risk management without disrupting their employees.
Challenge
Uponor has dozens of subsidiaries. Therefore it is essential for them to stay on top of what is going on, their financial situation and any changes taking place. To do so, Uponor relies heavily on systems helping to monitor and control operations.
Solution
Transparency is vital for Uponor. With Nomentia Cash Visibility, both headquarters and subsidiaries can see what guarantees have been issued. With the help of Nomentia Risk Management, currency risks can be managed without interfering the workflow of the subsidiaries' employees. As a result, the subsidiaries now have more time to devote to their business.
Nomentia's product family controls currency risk of Uponor's subsidiaries
Uponor is a leading supplier of systems for construction and municipal development. The group operates in 26 countries and has dozens of subsidiaries. For the subsidiaries the Nomentia product family enables currency risk management without disrupting their employees' workflows.
"We consider it important that we can monitor what happens in the subsidiaries, what the financial situation is, and what changes are happening. Here we rely heavily on various systems."
Petri Wistrand, Treasury Manager of Uponor
The best system for Uponor
Wistrand praises how easy it is to deploy the modules. They are easy to adapt even for new employees that have previously been using different systems.
"We have the principle that we strive to implement systems we feel are best for us. Then we integrate them, which in this case went very well. The systems handle the biggest chunk of work that has previously been done by individuals. Now there is no more need for anyone to enter data manually."
Petri Wistrand
More time to concentrate on business
"Transparency is the most important thing here. Now we can see, as well as the subsidiaries themselves, what guarantees what guarantees have been issued."
Petri Wistrand
Wistrand has proudly told his colleagues how easily they could control currency risks by using the Nomentia solutions without bothering the employees of the subsidiaries.
"Our subsidiaries have now more time to do business, and they don’t have to think about if the time is right to do forex trading."
Petri Wistrand
Improved treasury management starts with Nomentia
Would you like to discover how we can assist your treasury team?
