Case Study: Greenchoice automates payments and liquidity management with Nomentia

Greenchoice - Customer Case Study

The energy supplier Greenchoice faced significant challenges with its manual cash management processes. Using multiple banks led to a complex and inefficient operation, requiring senior staff to manually authorize payments by uploading files to each bank's portal. Liquidity planning was also a laborious task, as data had to be manually collected from various accounts and systems. This decentralized setup prompted Greenchoice to seek a solution from vendor Nomentia.

Nomentia implemented its Payments, Reconciliation, Liquidity, and In-house Bank solutions to automate and centralize Greenchoice's financial processes. This resulted in major time savings, increased transparency over cash flows, and a significantly more efficient operation. Employees no longer manually upload payment files or compile spreadsheets for liquidity analysis. The implementation was smooth, and the intuitive solutions quickly improved security, compliance, and overall process efficiency for Greenchoice.

Greenchoice

Bas Meijer

Greenchoice