Nomentia In-house Bank

Take control of your cash management and processes with a modern, centralized in-house bank

nomentia in-house bank

Centralized management of corporate accounts and payments

Nomentia In-House Bank helps with the centralized manage­ment of corporate accounts and pay­ments. It simplifies payments between the company and its subsidiaries, the management of internal accounts, and delivers external transactions to the banks in a centralized manner.

REALIZE THE BENEFITS OF INTERNAL ACCOUNTS AND PAYMENTS

A complete in-house bank for your business

Corporate bank account structure management

Gain full visibility on daily balances at company & subsidiary level and utilize internal accounts to reduce your number of banking partners

Internal payments management

Harmonize and automate internal and external payment processes and reduce costs by avoiding value date losses and transaction fees

Payments on-behalf-of (POBO)

Get centralized, controlled and cost-efficient external payment processes whilst preventing payment fraud

Collection on-behalf-of (COBO)

Use COBO to improve capital management, decrease dependency on banks and maximize cost efficiency

Internal financing & clearing

Internal financing can cover short-term financing needs. Automatically net and invoice internal debts with clearing

Data security & access rights

Maximize data security, centralize the regulation of user rights, create individual access rights and manage bank transactions through a single route

Get the benefits of a modern in-house bank

Establish an in-house bank for transparent, group-level, cash management

Visibility & control over cash

Improve the efficiency of both internal and external cash flows to enhance liquidity management & cash forecasting and reduce idle cash

Payments management

Improve control over both incoming and outgoing payments by centrally managing all transactions for your group's companies

Automate processes

Fully automate cash flows and streamline the management of internal payments processes between your company and its subsidiaries

Decrease dependency on banks

Reduce the number of key banking partners you work with to maintain and centralize external financial services and reduce external banking costs

Centralized control

Centrally control all outgoing payments & user access rights to prevent payment misuse and eliminate the risk related to external bank accounts

Reduce currency related risk

Use multi-currency accounts and payments to reduce external FX hedging costs and expand visibility of your company's foreign exchange exposure and currency position

In-house bank features

Internal accounts

Provide instant cost savings by minimizing internal payments banking costs and number of external accounts

Internal transactions

Immediately visible as debits in the payer’s internal account and credits in the recipient’s internal account

External transactions

Subsidiaries send their external payments to Nomentia In-House Bank, which pays them from the group’s external bank account. Incoming external payments for subsidiaries are credited to the group’s bank account and forwarded to internal accounts

Interest calculation

Our In-House Bank produces interest calculations and reports for both external and internal accounts.

Clearing

Debt relationships between internal accounts are netted.

We’d love to meet you!

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Hyper modular

Nomentia has a hyper modular approach. Take only the solutions that you need and integrate them into your existing technology stack.

Connect with your banks easily

We help you to connect with over 10 800 banks globally through host-to-host, SWIFT, and local connections.