Case Study: Moelven achieves better liquidity forecasting and cash flow control with Nomentia Liquidity

Moelven - Customer Case Study

Moelven, a Scandinavian industrial group producing building materials, faced significant challenges with its liquidity management. The company struggled with fluctuating financing capabilities and spent considerable time manually collecting banking and treasury data to create forecasts, a process that did not utilize information from its various ERP and AR/AP systems. To solve this, they turned to the vendor Nomentia and implemented their Liquidity solution.

Nomentia's solution integrated with all of Moelven's ERP systems, automating the collection of data from subsidiaries and banks on a daily basis. This provided the group with fast, accurate cash flow forecasts and significantly reduced manual work, with subsidiaries spending only 30 minutes per week on reporting. As a result, Moelven achieved its goal of limiting deposits in its cash pools to a maximum of SEK and NOK 10 million, reduced its external interest rate, and minimized its balance sheet inflation.

Moelven

Anita Hagen

Financial Manager, Risk and Treasury Operations