Nomentia Payments

A global payment hub to centralize, control, and manage your end-to-end payments cycles to optimize cash and working capital while minimizing the risk of financial fraud.

nomentia payments hub

Nomentia Payments is a global payments hub

A complete payment hub for automating, managing, and centralizing local, cross-border, and global payments. Connect ERPs, financial systems, and banks to process outgoing payments for accounts payable, treasury, payroll, and manual payments and gain more visibility and control over where your cash is going.

The power of a payment factory

Payment workflows

  • Centralize the payment processes
  • Automate payment processes
  • Execute manual payments when necessary
  • Comply with the corporate payment policies
  • Control cash movements
  • Optimize cash & working capital
  • Automatically screen all outgoing payments against internal and external standards to eliminate fraud
  • Real-time payment balance information
Payment Processing

Connect with 10 800 banks

Bank connectivity

  • Connect with any banks across the globe
  • Connect with banks through host-to-host connectivity
  • Utilize local connectivity types such as EBICS
  • Bank connections are also available through SWIFT Alliance Lite2 for Business
  • Communicate with the bank in their preferred payment file format
  • Get confirmations from the bank in the file format that your systems can process
  • Monitoring and maintenance of the bank connections to ensure reliability

Learn about bank connectivity as a service

Bank Connectivity

Building data integrations

Integrations & format conversions

  • Connect with any ERP system, for example, SAP, Oracle, Microsoft, Sage, NetSuite, and more, via API or SFTP.
  • Connect with any other financial systems
  • Integrations with treasury management systems
  • Establishing connections with any other systems where payments files are coming from
  • File format conversion to enable two-way communication between the internal systems and the banks
Integrations & Format Conversions

Control all outgoing payments

Payments fraud prevention

  • Rule-based payment process controls to catch anomalies and send them for review before sending the payment to the bank
  • Prevent accidental double payments by setting up automated rules to catch them
  • Set up multi-factor authentication (MFA) for approving payments batches to reduce the chances of fraud
  • Different payments batches can have different rules: it’s possible to process payments as straight-through processing or require up to six people’s approvals
  • Sanction screening to automatically catch payments to sanctioned beneficiaries before they are processed

Learn about payment process controls

Payments Fraud Prevention

The Security of the Cloud

Security & compliance

  • Login via multi-factor authentication or SSO
  • Centralized user rights management to control employee’s access based on their roles for SOX compliance
  • Full audit trail & archive functionality for compliance purposes
  • Nomentia Payments is hosted on Microsoft Azure, it’s a secure cloud-based solution.
  • Nomentia holds the following certifications: ISO/IEC 27001 Information Security Management System (ISMS), ISAE 3402 TYPE 2 and SWIFT Certified Application (Cash Management for Corporates and CSP compliance)

Learn about Nomentia Security

Security & Compliance

A global payment hub

Nomentia Payments Features

Import all payment files

Automatically import your payment files to send them to the bank using secure integration between Nomentia Payments and ERP systems and any other source systems.

Automated processing

Optimize the overall control and efficiency of your global payments processes. The payment hub collates payment files from your various systems, ERPs and entities, prior to bank transmission.

Manual payments

Create and send manual payments and utilize our pre-built country-specific manual payment templates or create your own templates for easier and faster processing.

Approvals

Establish different batch approval processes according to your payments policies, from fully automated process to multi-approvals up to six people.

Postings & attachments

Add postings and attachments such as invoices to manual payments to handle account statements faster and improve your audit trail.

Monitor & reconcile payments

Browse, search, and view individual payment files and payment batches to monitor and reconcile payments throughout their entire end-to-end lifecycle.

Sending & feedback

Send payment batches to banks in the correct bank-specific format and receive automated bank remit feedback.

Audit trail

For security and compliance, you can review payment history logs and audit trails for all your previously processed payments.

Companies using Nomentia Payments

Transforming payments on a global scale.

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Managing global payment processes

A payment hub for Valmet

 

Using Nomentia Payments, Valmet has automated its payment processes in multiple locations. 

Read the case study

"Both our IT department and our Financial Service centers have been pleased with Nomentia Payments. We are also impressed with the high level of information security."

Annika Westerholm
Director, Treasury Market Operations

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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 10 000 banks globally through host-to-host, SWIFT, and local connections.