Nomentia Cash Management December Product Updates

Elevating cash and liquidity management with better control, visibility, and usability

The latest Nomentia Cash Management 2024.11 release brings a range of upgrades designed to increase control, visibility, and efficiency across cash management processes. From enhanced payment security to deeper liquidity insights, these improvements give finance teams the tools to stay ahead in managing their operations with precision and speed. 

Let’s see what’s new and improved: 

Extended insights and deeper control with new liquidity reporting

Liquidity reports now feature five additional custom dimensions, enabling users to categorize cash flows more precisely. These dimensions help finance teams analyze cash flow and balance sheet exposure with greater precision.

Practical examples: 

• Cash accessibility: Filter balances between “Trapped” and “Free” cash to identify which funds are readily available for investments or operational needs. 
• Ownership structure: Group accounts based on ownership categories like "Fully Owned," "Majority Owned," or "Joint Venture (50/50)," making it easier to assess balance sheet risk by ownership. 
• Bank rating: Assess bank exposure by filtering accounts with ratings such as “AAA” or “B” to prioritize funds held in more secure banks versus high-yield, higher-risk institutions. 

"With these enhancements, finance teams can drill down into their liquidity data in ways that were previously difficult or time-consuming. This allows for faster, more informed decision-making," – Karl-Henrik Sundberg, Senior Product Manager for Liquidity. 

Key benefits: 

• Custom analysis: Categorize and assess cash based on critical business factors. 
• Targeted risk management: Filter accounts to reduce exposure to low-rated institutions or balance ownership risks. 

Platform enhancements: Improved data accuracy & connectivity

Platform updates ensure better data integrity and connectivity. Country fields are now mandatory for company data, and changes in EBICS and SFTP bank connections are fully logged for greater transparency. With 154 new EBICS and 7 new SFTP connections, companies have access to broader banking networks. 

Why it matters: Accurate data and secure connections are the backbone of cash management. These enhancements give users confidence in their system’s reliability and expand banking possibilities across regions. 

"Whether it's about maintaining data accuracy or expanding banking options, our goal is to provide a robust platform that supports our customers’ evolving needs." – Markus Makkonen, Senior Product Manager for Platform 

Key benefits: 

• Improved transparency: Detailed change logs ensure traceability. 
• Expanded global reach: New connections provide broader banking access.

Stronger compliance with enhance Sanctions Screening 

Managing high-risk transactions is now more efficient with enhanced usability in our Sanctions Screening module. The integration process for public sanctions lists no longer requires additional conversion steps, making compliance faster and more seamless.  

Why it matters: With increasingly complex regulatory environments, minimizing manual effort in screening processes ensures businesses stay compliant without disrupting operational workflows. This reduces bottlenecks, especially when dealing with time-sensitive transactions. 

“Our streamlined sanctions screening simplifies compliance processes, allowing our clients to focus on what matters: secure, legitimate transactions,” – Jukka Estola, Senior Product Manager for Payments & Sanctions Screening 

Key benefits: 

• Faster screening: Direct import of sanctions lists without conversions reduces delays. 
• Enhanced efficiency: Usability improvements streamline payment processing.  

Improved Payments control for secure processing 

New payment security enhancements include the introduction of “exclusive group approval,” allowing only one approval per user group. This prevents repeated approvals within the same group, ensuring that multiple teams participate in the process. POBO (Payment on Behalf Of) validation has also been extended, adding another layer of fraud prevention.  

Why it matters: By enforcing separation of duties, organizations can reduce the risk of internal fraud and maintain better oversight of approval processes. This is particularly valuable for large organizations managing cross-border payments. 

“These changes give finance teams the confidence that their processes are both secure and efficient. One team, one approval. It’s that simple.”  – Jukka Estola, Senior Product Manager for Payments & Sanctions Screening 

Key benefits: 

• Enhanced security: Approval limits reduce the risk of internal process manipulation. 
• Fraud prevention: Stronger POBO validation helps ensure accuracy and legitimacy. 

Simplified manual Matching for faster reconciliation 

The Manual Matching tab now allows users to copy bank transaction details directly from the Bank Transactions section, making reconciliation faster and more intuitive. Improved logic for remittance advice now enhances invoice number and amount recognition, reducing the time spent on manual matching. 

Why it matters: Efficient reconciliation processes are crucial for closing books on time and maintaining accurate financial records. These improvements eliminate repetitive tasks and allow teams to focus on resolving exceptions rather than searching for missing details. 

Key benefits: 

• Time savings: Copying transaction details speeds up manual matching. 
• Increased accuracy: Improved invoice recognition reduces manual corrections. 

Treasury: Precision in Deal Management 

Treasury users can now manage loans and deposits more precisely with customizable deal types and detailed cash flow breakdowns. Whether dealing with bullet, amortizing, or floating-rate loans, users have greater control over structuring and tracking. 

Why it matters: Finance teams need tools that match the complexity of their financial instruments. Our flexible deal management features allow for better tracking and reporting, ensuring that nothing slips through the cracks. 

"We’ve automated many of the most complex aspects of deal management, so teams can focus on strategic tasks rather than manual data entry,” –Perttu Maunu, Senior Product Manager for Treasury 

Key benefits: 

• Detailed cash flow views: Easily track interest and principal payments. 
• Flexible loan structuring: Handle different loan types with ease and accuracy. 

Nomentia Cash Management 2024.11: Better control and visibility

The Nomentia Cash Management 2024.11 release equips finance teams with the tools to improve efficiency, reduce risks, and gain deeper insights into their financial operations. From customizable liquidity reports to enhanced payment security, these updates are designed to provide flexibility and control across all aspects of cash management. 

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