Case Study: Posti streamlines payments and bank connectivity with Nomentia Payment Factory

Posti Group - Customer Case Study

The customer, Posti Group, a major Finnish logistics and delivery company, faced a major challenge with its fragmented and outdated payment transaction system. The introduction of SEPA requirements highlighted the inefficiency, as international payments created constant problems and required excessive manual correction work. This prompted Posti to seek a new solution from their vendor, Nomentia.

Nomentia implemented its centralized Payment Factory solution for Posti, standardizing all international payments across eight countries into the ISO 20022 format. This Nomentia solution streamlined the entire process through direct bank connections, eliminating previous system errors. The result is a smooth, user-friendly system that now efficiently handles over 15,000 daily payments in a controlled manner, saving significant time and effort for the finance team.

Posti Group

Katriina Järvenpää

Financial Development, Senior Manager