Case Study: Helen improves cash flow forecasting with Nomentia

Helen - Customer Case Study

Helen Oy, one of the largest energy companies in Finland, needed to significantly improve the accuracy of its short-term cash flow management and forecasting, a challenge that became even more critical with the onset of the COVID-19 pandemic. Previously, the company only performed daily forecasts for the account book and major upcoming events, which was no longer sufficient.

Nomentia's Cash Flow Forecasting solution was implemented prior to the pandemic and became an indispensable tool for Helen. The automated system allowed the finance team to track the company's cash flow on a weekly and even daily basis, providing essential stability and insight during the crisis. The adjustment work was completed within the parent company, with plans to extend the same process to its subsidiaries.

Helen

Antti Hänninen

Accounting Specialist