Nomentia Treasury Management December Product Updates

Boosting treasury efficiency with Nomentia

With Nomentia Treasury Management Release 2024.11, we’ve focused on making treasury operations more streamlined, intuitive, and secure. These updates aren’t just technical improvements—they’re designed to solve real-world challenges that our customers face daily in managing complex financial operations. Let’s dive into how these developments benefit our customers and why they matter. 

Let’s see what’s new and improved: 

Cash Position: Precision and control in loan management 

Managing long-term loans and deposits is essential for maintaining a clear view of financial health. This release focuses on improving automation, error-checking, and form customization to provide treasury teams with better control over financial assets. 

Key updates: 

• Sanity check enhancements: Now verifies missing outstanding amounts and maturity dates for FX loans. 
• Expanded deal types: Integration of long-term loans and deposits into the Loans to Posting module. 
• Customizable forms: New user-friendly customization options for account types, financial assets, and guarantee types. 

Key customer benefits: These enhancements streamline the management of long-term assets, ensuring that treasury teams can maintain accurate cash position reports while reducing errors and administrative overhead. 

"Treasury teams can now trust that their valuations are backed by robust, validated data. These enhancements reduce manual oversight and improve usability.” – Daniel Richter, Head of Development and Operations, and Senior Product Manager for Treasury Management 

Optimized Daily Cash Management for faster forecasting and clearing 

Speed and accuracy in daily cash management are vital for smooth treasury operations. This release simplifies processes by reducing unnecessary steps and adding safeguards to prevent errors. 

Key updates: 

• Optional Service Level field: Simplifies short-term forecasting by making this field non-mandatory in payment advice. 
• Pooling circle safeguards: Prevents incorrect selections by deactivating irrelevant advice categories. 
• Bulk account selection: Users can now select all accounts at once for faster clearing operations. 

"These updates streamline everyday cash processes, helping teams work faster while maintaining accuracy and control." – Daniel Richter 

Derivatives: Enhanced visibility and valuation flexibility 

Handling derivatives often involves complex processes that require accuracy and control. The latest updates enhance data clarity, prevent accidental edits, and introduce flexible valuation options. 

Key updates: 

• Mirrored derivatives labeling: Mirrored transactions are clearly marked and locked from edits. 
• Flexible valuation periods: Allows users to adjust the time period for exchange rate valuations. 
• Improved data loading speed: Faster performance when opening the derivatives page. 

Key customer benefits: These updates reduce the risk of manual errors and provide greater flexibility in derivative management, enabling teams to quickly adapt to market changes. 

"The added clarity and flexibility in managing derivatives ensure that teams can react faster and with more confidence in fluctuating markets.” – Daniel Richter 

Letters of Credit: Detailed tracking for greater clarity 

Accurately monitoring letters of credit is crucial for managing credit exposure and ensuring financial compliance. This release introduces new fields for more granular tracking of credit utilization. 

Key updates: 

• "Cumulated paid utilization": Tracks total paid amounts for better visibility. 
• "Cumulated recorded utilization": Reflects all recorded utilizations to date. 
• "Limit usage in original currency": Provides a clear view of limit usage in the original currency. 

Key customer benefits: By offering deeper insights into credit usage, treasury teams can maintain tighter control over their credit exposure and avoid overextension risks. 

"With these detailed tracking enhancements, clients gain clearer visibility over their credit limits, allowing for better financial planning and risk management." – Daniel Richter 

Nomentia Treasury Management 2024.11: Better treasury operations

These enhancements in Nomentia Treasury Management 2024.11 are designed to reduce manual intervention, increase accuracy, and provide treasury teams with actionable insights. By tackling real-world issues like missing loan data, complex derivatives management, and credit utilization tracking, these updates enable financial teams to operate more efficiently and securely. 

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