Case Study: Klett Gruppe achieves clearer cash flow forecasting and financial visibility with Nomentia

Klett Gruppe - Customer Case Study

Klett Gruppe, a major European education company with a decentralized structure, engaged Nomentia to address its treasury challenges. The company needed a centralized solution to capture its entire group's financial data and generate comprehensive reports, having initially implemented Nomentia's treasury management system in 2009 to improve cash visibility and reporting.

Nomentia successfully updated the system, implementing new dynamic account management and creating numerous specialized reports for financial status and cash flow forecasting. The solution provided Klett Gruppe with daily automated financial reports, rolling currency-specific forecasts, and deep insights into FX and guarantees. As a result, the company achieved significant transparency and efficiency, with the project completed in just two months and widespread user acceptance due to the system's intuitive design.

Klett Gruppe

Michael Riedel

Head of finance