Nomentia Cash Management September Product Updates

Increased control, transparency and customizability for better reporting, analysis and security

Nomentia Cash Management 2024.08 release introduces important upgrades across various Nomentia Cash Management modules; enhanced transaction security and validation, expanded bank connections, and new tools for more efficient transaction management and reporting. With streamlined payment processing, advanced matching capabilities, and improved liquidity and treasury management features, this release provides a more seamless and secure cash management experience. Let’s explore: 

Improved validation and user management

Expanded validation for international transactions: Enhanced validation of IBAN, BIC, and country codes now covers more countries and improves the accuracy of your international transactions. 

Key benefits:

Enhanced accuracy: Improved validation reduces transaction errors and supports more international operations.

A new column in the User Rights report now shows the status of users, helping to keep your team’s access management efficient and up to date. 

Key benefits:

Simplified management: Easily monitor user status to ensure appropriate access levels across the team. Allows better control and transparency.

Improved management and reporting in Liquidity

New features make it easier to manage your liquidity data and generate customized reports. 

Enhanced material sorting options: Materials can now be sorted by drag-and-drop, with the order reflected in reports. 

Improved transaction handling: Selecting a bank account now auto-fills the associated company and a new checkbox excludes headers when exporting to CSV. 

Updated dashboard balance tracking: Drop-down menu to filter balance data by reliability status. Easily add, remove, and sort columns—export balance tracking data directly to Excel. 

Key benefits:

Streamlined reporting: More straightforward report management and integration ensure accurate and consistent data presentation.

Enhanced user efficiency: Automated selections, easy sorting, and bulk changes reduce manual work.

Improved data management: Better filters, character limits, and accurate reporting enhance data handling and clarity.

Increased dashboard customization: New filtering and export options increase usability and flexibility. 

Smarter Matching 

Customizable Match proposal card: You can now define which fields appear on the Match proposal card and are visible on the Assisted Matching tab by adjusting settings in the Receivables Data tab under Settings / Matching / Processes. 

Improved export to Excel: When exporting to Excel, each bank transaction in a match is now listed on its own row, facilitating accurate total calculations. 

Enhanced matching logic: Fixes and improvements have been made to ensure matches adhere to rule conditions more accurately. 

Fixed paging issue: Ensures that all transactions are loaded in the Matched/Posting view, even when paging is used. 

Key benefits:

Personalized view: Tailor the proposal card to display relevant fields, enhancing user efficiency. 

Accurate reporting: Improved Excel exports enable precise calculations of transaction totals. 

Reliable matching: Enhanced logic ensures more accurate matching based on specified rules. 

Complete data display: Fixed paging issue ensures no transactions are missed in views with many matches. 

New summary level calculations to Treasury

A new feature allows adding summary-level calculations to all columns on the main Treasury tabs: Deal Management, Transactions, and Deal Posting. This functionality enables you to compute summary values, like the sum of sub-transactions at the main transaction level. 

Calculation customizability: The Treasury tool now allows adding customizable summary-level calculations to all columns on the main Treasury tabs: Deal Management, Transactions, and Deal Posting tabs, increasing for specific reporting needs. 

Key benefits: 

Enhanced data analysis: Easily aggregate and analyze financial data directly within the Treasury tool. 

Improved visibility: Group and calculate totals for general ledger accounts to get a clearer financial overview. 

Integration Flows: Secure data transfers with PGP encryption 

New encryption tools for data protection: The introduction of PGP encryption and decryption activities ensures secure data transfers, with easy management of encryption keys and secure file handling. 

Key benefits: 

Enhanced security: Protect sensitive data and meet compliance requirements with robust encryption tools. 

Simplified management: User-friendly encryption key management for secure and seamless data transfers. 

Increased filtering options in workspace tabs for better visibility in Accounts

The Workspace tab now has an added Posting status filter. With the functionality, you can easily search for transactions with the desired posting status.  

Key benefits: 

Increased transparency: Search transactions based on posting status.

Expanding bank connectivity with increased bank connections 

Expanded EBICS Bank Connections: With 26 new EBICS bank connections, integrating with various banks has never been easier, facilitating smoother transactions and bank communications. Check out our website for a full list or request more bank connections.  

Key benefits: 

Broader integration: Connect with twenty-six new banks for increased, direct connectivity. 

Nomentia Cash Management 2024.08: improved financial operations

The Nomentia Cash Management 2024.08 release brings new functionalities for enhanced security, expanded connectivity, and streamlined cash management. We are committed to continuously improving our platform to meet evolving customer needs.   

For more information about this release, new features or to request a demo, get in touch here.