In-house banking

Take control of your cash management and processes with a modern, centralized 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 visibility on daily balances on company and subsidiary-level and utilize internal accounts to reduce the number of banking partners.

Internal payments management Harmonize and automate internal and external payment processes and lower costs by avoiding value date losses and transaction fees.

Payments on-behalf-of (POBO) Get centralized, controlled, and cost-efficient external payment processes while 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. With clearing, the internal debts are automatically netted and invoiced.

Data security & access rights

For data security, regulate user rights centrally, 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 and cash forecasting and reduce idle cash.

Payments management Improve control over both incoming and outgoing payments by centrally managing all transactions for all of the group's companies.

Automate processes Fully automated cash flows streamline the internal payment management processes between the company and subsidiaries.

Decrease dependency on banks

Work with a limited number of key banking partners to maintain and centralize external financial services and reduce external banking costs.

Centralized control

Control centrally all outgoing payments, users, and access rights to prevent payment misuse, and eliminate the risk related to external bank accounts.

Reduce currency related risk Understand the company's foreign exchange exposure, currency position, lower external FX hedging costs for the group, and use multi-currency accounts and payments.

Solution Overview

In-house bank features In-house banking consists of the following features and the Platform features

Internal accounts - Internal accounts provide instant cost savings since banking costs due to a group’s internal payments can be minimized and the number of external accounts can be decreased.
Internal transactions - Internal transactions are immediately visible in the payer’s internal account as debits and in the recipient’s internal account as instantly available credit.
External transactions - Subsidiaries send their external payments to In-House Bank, which pays them from the group’s external bank account. Incoming external payments for the subsidiaries are credited to the group’s bank account and forwarded to internal accounts.
Interest calculation - In-House Bank produces interest calculations and reports for external as well as internal accounts.
Clearing - In clearing, the debt relationships between internal accounts are netted.

Platform features Platform features are always included in Reconciliation.

Microsoft Azure, Microsoft Gold Cloud Platform — Our modern Cash Management platform is hosted in Azure and we have reached the Gold Cloud Platform competency within the Microsoft Partner Network.
ISAE 3402 TYPE 2 and SWIFT Certified Application (Cash Management for Corporates and CSP compliance) — Security is a top priority when building and maintaining our Cash Management platform. The ISAE 3402 TYPE 2 and SWIFT CSP certifications are a testament of our high standards.
Bank connections with SWIFT Lite2 Business Application (FIN and FileAct) — Our platform is the leading Lite 2 Business Application provider. In practice, this means that our customers can connect their BIC address to our platform for sending payments and receiving account statements between all SWIFT SCORE connected banks around the globe.
Host-to-host bank connectivity with SFTP, EBICS, WebService, and others — By using different protocols, we can offer our customers an extensive portfolio of host-to-host bank connections to their core banks.
SOX-compliant user right and master data management — With our advanced user management, you can truly enhance security and benefit from the four-eyes principle. All system events are logged within the application for further inspection.
Single Sign On (SSO) and Multi-factor authentication (MFA) — For increased access security when logging in to the application, end users can be identified with both Single Sign-On and Multi-factor authentication.
Separation of data and duties — Our detailed user rights management makes it easy and flexible to set up user rights according to your organization's needs. Users can only see the data allowed by their user rights.
Automated integrations (API, SFTP and WebServices) with monitoring — The Cash Management platform can integrate with any source system for secure and automatic imports and exports of data.
Dynamic material conversion engine — We offer standard file formats but our powerful conversion-as-a-service offering gives you the freedom to connect your source system in any format. This will speed up implementation time and lower the integration costs.
A full audit trail provides transparency — All events happening in the platform are logged. The main log is visible in the application for the users to have this right.
Dashboard functionality — Place your essential Liquidity Reports in a Dashboard for a quick access. Build Dashboards based on themes such as Cash Visibility, Forecasting, Forecasting Follow-up, and Working Capital. Balance Tracker gadgets will monitor your statement imports and the Unit Reporting gadget will let you know about the forecasting status of your subsidiaries.
FX-rate imports — As a standard, FX-rates from ECB are available in the system. Alternatively, FX-rates from any source (such as your TMS) can be imported.

Contact us and learn more about in-house banking!