Nomentia Treasury Management November Product Updates

Better treasury management, planning and forecasting

As part of Nomentia’s continuous effort to improve our Treasury Management Solutions, the 2024.10 release brings an array of powerful features designed to enhance your team’s ability to manage cash flows, derivatives, and forecasting with greater precision and efficiency.

Let’s see what’s new and improved: 

Enhanced cash position control and customization

Managing long-term loans and deposits can often be complex, and having precise control over these assets is critical for accurate cash position reporting. This update introduces new features that allow treasury teams to automate and customize financial asset management. With real-time error-checking and the ability to transfer long-term loan data seamlessly, businesses can ensure a more accurate view of their financial standing. 

Key updates: 

• Sanity check now verifies missing outstanding amounts, reducing the risk of errors in loan valuations.
• Expanded deal types in the Loans to Posting module, now including long-term loans and deposits.
• Customizable forms for account types, financial assets, and guarantee types for better adaptability.

Key customer benefits: 

By automating the error-checking process and offering more customization options, treasury teams can confidently track and manage long-term assets, improving both the accuracy of reports and operational efficiency. 

"With these updates, we’re helping finance teams stay ahead of the curve. The ability to customize forms and automate error checks means users can spend less time verifying data and more time analyzing it for better decision-making." 

Daily Cash Management: Better forecasting and efficiency 

Effective cash flow forecasting is essential for maintaining liquidity and avoiding unexpected shortfalls. The enhancements to the Daily Cash Management module streamline cash forecasting by introducing automated category suggestions and highlighting negative balances, making it easier for treasury teams to spot issues before they escalate. 

Key updates:

• Negative balances are highlighted in red to quickly identify accounts needing funding. 
  
• Automatic category suggestions for short-term cash flows based on account priorities. 
  
• Extended time period view in planned transactions beyond the 60-day limit. 
  
• Improved export performance for faster, smoother data exports. 
  

Key customer benefits: 

These improvements save time, reduce the chances of human error, and provide a clear, actionable view of cash flow management. The automatic suggestions and priority categorization help teams focus on critical issues with greater accuracy and efficiency. 

"With the ability to automatically suggest categories and prioritize cash flows, these features bring a whole new level of efficiency to daily cash management, helping treasury teams act swiftly when cash positions need attention." 

Advanced forecasting capabilities for precision planning 

Forecasting is crucial for making strategic financial decisions, but the process can often be slow and cumbersome. The latest improvements in Nomentia’s predictive analytics and permissions settings allow users to create accurate forecasts quickly and with greater flexibility, ensuring that treasury teams can respond faster to changing financial conditions. 

Key updates: 

• Streamlined permission management for category trees, reducing the need for multiple settings. 
  
• Faster predictive analytics for updating thousands of rows in seconds. 
  
• Customizable forms for managing forecast versions and views. 
  

Key customer benefits: 

With faster updates and streamlined user permissions, finance teams can quickly adjust their forecasts based on the latest data, ensuring more responsive and accurate financial planning. 

"We’ve optimized the predictive analytics to make updating large data sets fast and seamless. This means users can make decisions based on real-time, accurate forecasts, with less effort and faster turnaround times." 

Seamless derivative management with auto-mirroring

Derivatives can be complex to manage, especially when there are multiple counterparty transactions. The new auto-mirroring feature simplifies this process by automatically creating counterparties with opposite values, ensuring consistency and reducing manual data entry errors. This update makes managing and reporting derivatives easier, faster, and more reliable. 

Key updates: 

• Automatic mirroring for internal derivatives creates counterparty transactions with opposite signs. 
  
• Enhanced consistency checks prevent the editing of critical attributes on connected cash flows or payments. 
  
• Customizable forms for instrument types to better track and categorize derivatives. 
  

Key customer benefits: 

By automating the mirroring process, treasury teams can avoid errors and save time. This update ensures that all derivative transactions are consistent, improving data accuracy and simplifying derivative reporting. 

"Derivatives can be tricky to manage, especially when you need precise counterparty data. This new auto-mirroring feature cuts down on manual errors and speeds up the process of managing these complex financial instruments." 

Expanded control and filtering in Letters of Credit 

Letters of Credit (LCs) are vital for international transactions, but they often involve complex tracking and reporting. The expanded filtering options and new fields offer greater visibility and control over LCs, making it easier to manage and track transactions, even those that are closed or involve future payments. 

Key updates: 

• New filtering options for debtors, countries, and beneficiaries streamline LC management. 
  
• New fields in the LC form help track open amounts, utilization, and payments. 
  
• Customizable visibility for each field and transaction. 
  

Key customer benefits: 

These changes make it easier for teams to track and manage Letters of Credit, providing a clearer view of ongoing and closed transactions and allowing for better risk management. 

"Letters of Credit are an essential part of international trade, but they can be cumbersome to track. By offering enhanced filtering and visibility, we’re empowering our users to manage their LCs more efficiently and make better-informed decisions." 

Refined interface and usability enhancements 

This release enhances the dynamic user interface to handle large numbers with precision, ensuring no rounding errors in financial calculations. Additionally, cleaning up unused objects in the database helps improve system performance and reduces clutter. 

Key updates: 

• Support for large numbers with many decimal places in numeric fields, eliminating rounding errors. 
  
• Database cleanup for unused objects to ensure better data efficiency and system performance. 
  

Key customer benefits: 

These updates enhance system performance, reduce errors, and ensure a smoother user experience, allowing treasury teams to focus on high-priority tasks without technical interruptions.

"With the enhanced DUI features and improved system performance, users can now work with large financial datasets without worrying about data corruption or rounding errors, streamlining the treasury process."

Nomentia Treasury Management 2024.10: improved financial operations

The 2024.10 updates to Nomentia’s Treasury Management Solutions reflect our commitment to providing treasury teams with the tools they need to run treasury operations efficiently. By improving customization options, automating key processes, and enhancing reporting capabilities, these features deliver measurable benefits to businesses looking to optimize their financial management practices. For more information about these updates and new features or to request a demo, get in touch here.