Case Study: DNV achieves greater treasury transparency and efficiency with Nomentia Reporting

DNV - Customer Case Study

DNV, an international accredited registrar and the world's largest classification society, faced a challenge with inefficient treasury processes. Following a merger, the company was struggling with a complex IT landscape where financial data was spread across numerous global systems. This made centrally managing intercompany funding extremely work-intensive. DNV partnered with Nomentia to implement its reporting solution and achieve greater efficiency and transparency.

Nomentia implemented its Reporting product as a lean data center to consolidate data from systems like SAP and BOFC, eliminating manual entries. This provided DNV with its first global view of FX exposure and established structured reporting and settlement processes. The results included a group-wide overview of financial status and cash flow forecasting, a streamlined intercompany settlement process, and the central availability of banking authorizations, all supported by automated reporting.

DNV

Carsten Linker

Head of Group Treasury