Nomentia
40 Case Studies
A Nomentia Case Study
STIHL, an international chainsaw manufacturer, faced a significant challenge with its time-consuming and manual treasury reporting processes. Their team spent excessive hours, like half a day every Monday, manually collating data from subsidiaries in Excel, correcting errors, and preparing reports. To solve this, STIHL implemented the Nomentia Data Cube from vendor Nomentia as an on-top solution to their existing treasury management system.
The Nomentia solution automated data gathering from all group subsidiaries, providing STIHL with immediate access to their data directly within Excel. This allowed their treasury team to build flexible, customized reports and dashboards with up-to-date information at the press of a button, eliminating manual data preparation. The key result for STIHL was a massive gain in efficiency and speed, enabling their team to focus on valuable analysis instead of data processing.