Bertel O. Steen chooses Nomentia Liquidity for cash forecasting

Bertel O. Steen, one of the largest car dealers and car service providers in the Nordics, chose Nomentia Liquidity solution for improving the company’s cash forecasting and visibility.

Bertel O. Steen is one of the largest car dealers in the Nordic region with a focus on selling and servicing cars, vans, trucks, and buses. With over 22,5 billion Norwegian Crown in operating revenue and about 40 subsidiaries, Bertel O. Steen group has complex cash flows that can be better forecasted with a cloud-based liquidity management tool.

Using Nomentia will transform how Bertel O. Steen performs cash forecasting. In the past, the company was collecting data manually from several sources and used spreadsheets for creating cash forecasts. The process has been manual and cumbersome. Using Nomentia, the Group Treasury will be able to fetch data automatically from source systems such as Treasury Systems, banks, and ERPs, and work with the data from a single solution.

‘We are thrilled to work with Bertel O. Steen to help them manage their cash flows in a modern way providing them with the flexibility they need to be able to analyze and forecast cash flows better. Implementing the solution will mean that they can move away from sending and entering data manually in Excel and it will improve the information the finance department can work with to make better decisions’ says Lauri Bergström, Head of Sales, Nordics at Nomentia.

About Bertel O. Steen

Bertel O. Steen was founded over 100 years ago and the company is one of the largest car dealers in the Nordic region with a focus on selling and servicing cars, vans, trucks, and buses. More information: https://www.bos.no/

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 1600+ businesses in over 80 countries, processing more than 1 trillion 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.