Case Study: Lumene improves liquidity management and cash flow forecasting with Nomentia

Lumene - Customer Case Study

Lumene, a Finnish cosmetics manufacturer, faced challenges in liquidity and working capital management due to its expanding global business and a complex product portfolio with over 1,000 different SKUs. This volume made manual processes inefficient and created a need for better cash flow data to manage risk and financial covenants. To address this, Lumene partnered with Nomentia to implement its automated Liquidity solution.

The solution provided by Nomentia automated cash flow forecasting and centralized data from bank accounts and the ERP system. This resulted in reduced manual work, improved data quality, and a more efficient overall process. Lumene now runs more reliable 60-day rolling forecasts, which are crucial for monthly management reporting and ensuring compliance with its financial covenants, thereby avoiding costly bank renegotiations.

Lumene