08-02-2022 | treasuryXL | LinkedIn |
treasuryXL announces the launch of the Treasurer Test 2.0, the new version of the assessment tool for Corporate Treasurers.
01-02-2022 | treasuryXL | Nomentia | LinkedIn |
Microsoft Azure customers worldwide now gain access to Nomentia to take advantage of the scalability, reliability and agility of Azure to drive application development and shape business strategies.
HELSINKI, Finland — February 1, 2022 — Nomentia, a leading European provider of cash and treasury management solutions, today announced the availability of Nomentia Bank Connectivity as a Service in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. Nomentia customers can now take advantage of the productive and trusted Azure cloud platform, with streamlined deployment and management.
“Adding Nomentia to Microsoft Azure Marketplace will help IT departments achieve desired connectivity between banks and internal systems, faster than ever before” Anna-Lisa Natchev, Chief Growth Officer of Nomentia
“Nomentia is addressing some of the major challenges treasury, finance and IT teams are facing during the digitalization and transformation of treasury and finance processes. We not only take care of ERP integrations, but also offer unrivaled bank connectivity-as-a-service across the market. Adding Nomentia to Microsoft Azure Marketplace will help IT departments achieve desired connectivity between banks and internal systems, faster than ever before. Using Nomentia’s bank connectivity-as-a-service can significantly reduce IT burden and ensure treasury and finance departments can start building better processes to improve operations, data output quality, security and compliance assurance,” says Anna-Lisa Natchev, Chief Growth Officer of Nomentia.
“Through Microsoft Azure Marketplace, customers around the world can easily find, buy, and deploy partner solutions they can trust, all certified and optimized to run on Azure,” said Jake Zborowski, General Manager, Microsoft Azure Platform at Microsoft Corp. “We’re happy to welcome Nomentia’s solution to the growing Azure Marketplace ecosystem.”
The Azure Marketplace is an online market for buying and selling cloud solutions certified to run on Azure. The Azure Marketplace helps connect companies seeking innovative, cloud-based solutions with partners who have developed solutions that are ready to use.
About Nomentia
Nomentia is a category leader within European treasury and cash management solutions. Nomentia’s mission is to provide unparalleled cloud treasury and cash management solutions for and with our customers. Today, Nomentia is solving the challenges of modern treasurers and cash managers across 2,000+ businesses in over 80 countries, processing more than 800 billion euros annually. Nomentia solutions specialize in global payments, bank connectivity-as-service, cash-forecasting and visibility, bank account management, financial process automation, treasury workflows, FX risk, in-house banking, and trade finance. For more information, visit www.nomentia.com.
For more information, press only:
Anna-Lisa Natchev, Nomentia, Chief Growth Officer, +358 50 413 0704, [email protected]
Barbara Babati, Nomentia, Head of Marketing, +358 40 762 3356, [email protected]
24-01-2022 | treasuryXL | Nomentia |
Date & time: January 27, 2022 at 12:00-12:45 PM CET/ 13:00-13:45 EET | Duration 45 minutes
Nomentia has been the market-leading solution provider in the Nordics for global payment and cash flow forecasting solutions. Finally, our solutions are now available for you in the Benelux in French and Dutch besides English.
In this webinar, we will introduce our Payment module for global, centralized management of B2B payments, the anomaly detection add-on for tackling fraud and errors, cash forecasting & visibility, as well as bank connectivity as a service.
At the end of the webinar, we’ll have time for a short Q&A session to answer your questions.
Click on the banner for registration.
05-01-2021| treasuryXL | marcus evans |
Management of credit risk and models are a top priority for banks.
Amsterdam, Netherlands | Option to attend virtually
21-23 February, 2022 | 08:30 CET
Methodologies to review and refine credit risk models incorporating Basel IV, IRFS9, IRB, climate risk and stress testing regulation
Credit risk modelling and management is an ongoing priority for the banking industry. The true impact of COVID-19 on credit risk is not yet clear. During the pandemic governments across Europe injected a lot of cash into the banking system to support companies and individuals and even though this helped to minimize bankruptcies and defaults, the real economic impact has been masked. Moreover, credit risk models have been tested to the extreme and IFRS 9 models were no exception. If anything surfaced out of this situation for banks, is the need to uncover alternative credit modelling techniques which can help models perform better in various crises scenarios.
The marcus evans 9th Annual Credit Risk Modelling and Management in a post-pandemic environment conference, taking place in Amsterdam, Netherlands and virtually, on 21-23 February, 2022, will provide risk modellers much needed knowledge to improve existing credit risk modelling techniques to make accurate predictions and maintain profitability. Banks will be able to compare and contrast lessons learnt during the pandemic as well as pinpoint key challenges and priorities faced by credit risk modelling managers. Comprehensive solutions regarding modelling techniques, regulatory compliance, climate risk, stress testing and data management will also be offered.
Attending This Premier marcus evans Conference Will Enable You to:
Best Practices and Case Studies from:
Special discounts available to Treasury XL subscribers! For more information please contact: Ria Kiayia, Digital Media and PR Marketing Executive at [email protected] or visit: https://bit.ly/3pTHs6p
15-12-2021 | treasuryXL | Nomentia | LinkedIn |
Our partner Nomentia and Netguardians, are conducting a survey for treasury and finance professionals to get a better understanding of the current challenges companies are facing in identifying and preventing anomalous payments. This way, we can provide more relevant solutions and share industry knowledge with the treasury and finance community.
Payments are growing in volume and gaining speed, with “instant payment” gradually becoming the norm. With increasing speed and volume, the risk of processing anomalous or fraudulent payments increases simultaneously. These anomalous payments may be caused by human errors or by fraudulent activities such as fraudsters impersonating CEOs, sending fake invoices, and other scams. This results in both operational and financial losses for the company.
By filling out this survey you will help advance the solutions that are needed to fight anomalous payments. You can fill out the survey completely anonymously. It takes around 5 to 10 minutes to complete the survey depending on the answers you provide throughout the survey.
We thank you for your kind participation!
| 01-12-2021 | treasuryXL | Nomentia | LinkedIn |
BRITA GmbH, a German water filter manufacturer with total sales of 617 million euros in the business year 2020 and 2,205 employees worldwide at the end of 2020, is the market leader in drinking water optimization and individualization. The company is represented by 30 national and international subsidiaries and branches as well as shareholdings. Brita has manufacturing facilities in Germany, Italy, China and the United Kingdom.
Brita has a complex business. The company’s products are distributed globally in over 70 countries on all 4 continents.
Brita’s treasury department was facing the following challenges:
– The used multibank payment tool was discontinued.
– Lack of a system that is independent of banks.
– Lack of centralization of treasury and cash management.
Currently, cash management is not centralized in the company. But there are group requirements setting a minimum standard for banking systems. However, rolling out the project in Germany was the first step to evaluate the possible adoption also by the subsidiaries.
To roll out Nomentia worldwide and achieve the goal of having one system for all payment transactions, first, Brita needs to take a few vital strategic moves, such as ensuring that all subsidiaries are using a group bank and the same ERP system, as well as setting up connectivity with all the group banks to be able to handle also those payment types that cannot go through Electronic Banking Internet Communication (EBICS).
Instead of working with as many as 7 different banks just within Germany to process payments, Brita chose to use Nomentia, as a single tool that is independent of banks.
Currently, Brita is connected to two major global banks and a few local banks through EBICS. They are currently discovering the possibility to add more connections, like a host-to-host connection to a major global bank.
In the beginning, Brita’s treasury and IT departments had to work closely with Nomentia to set up the project that required a lot of communication from both parties.
“Once our IT understood that Nomentia can do magic by connecting to our ERP system, retrieve a file from the bank and send it to our ERP in the right format, it was easy to get their buy-in. Our team had a lot of experience with long ERP projects and they were impressed with Nomentia’s capabilities” – said Doreen Lenk, Manager Group Treasury & Risk Management.
Nomentia’s Payments solution is currently used by almost all Brita’s German branches and they are currently in the middle of rolling out the solution in Italy. In case that’s a success, they may look at starting to use Nomentia in other countries as well.
Rolling out a new product for treasury management can often be a challenge. It requires strategic planning from the department, cooperation with IT, and working closely with the solution provider. In addition, aligning the group in different countries also requires a lot of paperwork as well as training.
Brita has realized three key benefits of working with Nomentia. These benefits can be even further realized after further adoption of the solution.
The biggest benefit has been that German branches can use one tool to communicate with all German banks. Without Nomentia, Brita would be working with several systems from several banks. Now all transactions go through Nomentia which makes the process less error-prone.
The processes have been automated for the German branches and this saves a lot of time for the accountants. As Nomentia is also integrated with SAP, they can see all the invoices from SAP, too.
With having just one system in place, it’s easier to have the highest level of transparency of the transactions and access rights.
| 30-11-2021 | treasuryXL | Pieter de Kiewit | LinkedIn | Over the last years, Treasurer Search found hundreds of treasurers. Our client contact persons are HR managers & internal recruiters, the CFO, Group Treasurer and sometimes even procurement. There is no standard first contact. Working with more than one often works best. This is what […]
treasuryXL | Nomentia |
Date & time: December 2, 2021 at 2.00 pm CET | Duration 45 minutes
Finding the optimal payments process can be challenging. Therefore, TreasuryXL and Nomentia experts join forces to discuss payments in more detail.
At the end of the webinar, we’ll have time for a short Q&A session to answer your questions.
Click on the banner for registration.
16-11-2021 | treasuryXL | In 2017 we created the Treasurer Test, an online, peer-based assessment that measures the technical knowledge in treasury and the personality profile of the candidate. The idea for this originated from two important observations. First, in most labour markets there is no recognized qualification in treasury like CPA or CFA in […]
| 15-11-2021 | Eurofinance | treasuryXL | LinkedIn
More than 18 months have passed since treasury professionals around the world had to leave their offices at short notice due to the escalating covid-19 crisis. In April 2021, EuroFinance carried out a survey to find out more about the different ways the pandemic has affected treasury professionals. Alongside the adoption of remote working, the subsequent report highlights treasurers’ accelerated adoption of digital technologies, and the contribution that treasurers make to board-level decision-making during a crisis.
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