Case Study: Sweco improves cash visibility and forecasting with Nomentia

Sweco - Customer Case Study

Sweco, Europe's leading architecture and engineering consultancy, faced a challenge with manual and time-consuming treasury processes. Its subsidiaries used two different data formats, reporting inconsistently into either a consolidation system or Excel spreadsheets, which resulted in a significant lack of cash visibility. To address this, they turned to the vendor Nomentia for its liquidity and cash visibility solutions.

By implementing Nomentia, Sweco achieved a harmonized forecasting process and gained a clear, real-time overview of its cash position. The solution's direct bank connectivity allows the company to compare forecasts against actuals, which has significantly improved the efficiency of its liquidity handling. As a result, Sweco has greatly improved its cash visibility and forecasting processes.

Sweco

Ulrika Bäcksin

Group Treasurer