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Users of Nomentia have found the software to be instrumental in solving various business problems related to payment management, treasury …
Overview
What is Nomentia?
Nomentia is a SaaS solution for Finance and Treasury cash management.
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What is Nomentia?
Nomentia is a SaaS solution for Finance and Treasury cash management.
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Product Details
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- Competitors
- Tech Details
What is Nomentia?
Nomentia enables customers to harmonize processes across multiple systems, banks, countries and company environments. To modernize & systemize Treasury & Cash Management. To optimize cash flow liquidity, transparency and certainty into their cash flow and forecasting and to introduce stronger workflows and controls to detect and prevent fraud.
Nomentia Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | No |
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TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
- Business Problems Solved
- Pros
- Cons
Users of Nomentia have found the software to be instrumental in solving various business problems related to payment management, treasury management, and FX risk management. With Nomentia, users have been able to harmonize their approval process for payments in global group structures, resulting in improved worldwide payment control and liquidity steering. The software's treasury management tool has proven to be efficient in managing pools by providing a comprehensive solution for payables workflow, liquidity overview, and short-term planning.
By automating core processes in FX risk management, customers have experienced significant resource savings and reduced the risk of error-prone complex processes that were previously managed in MS Excel. The product also supports management decisions by optimizing hedging strategies, leading to lower hedging costs and risk reduction. Users have praised Nomentia for enhancing the overall quality, reliability, speed, stability, and transparency of the FX risk management process. Additionally, the software's efficiency in making hedging decisions has been widely appreciated.
Nomentia has proven to be versatile and suitable for businesses of all sizes. Users have found it particularly helpful in streamlining payment structures, digitizing bank account management, and automating invoices – functionalities that were not available in a single tool before. The software's centralized management system saves time and provides a comprehensive solution for both small and large businesses. Moreover, customers have cherished the increased visibility into their group's payments and bank accounts, resulting in secure harmonized payment processes and efficient flow forecasting. Finally, Nomentia has facilitated AP and AR collection as well as payments, further enhancing users' management capabilities across different finance functions.
Overall, customers have had a smooth, fast, and relieving experience with Nomentia. The software's ability to optimize existing processes while introducing new functionalities has impressed users across industries. Their positive experiences with Nomentia have led them to confidently recommend it to others seeking comprehensive financial management solutions.
Easy Implementation and User-Friendly Interface: Many users have found Nomentia to be easy to use and implement, allowing them to quickly get started with the software. The user-friendly interface has been praised for its intuitiveness and ease of navigation.
Customizable Payment Workflows: Several reviewers have appreciated Nomentia's individual processes for payment approval, which enable them to customize and tailor their payment workflows according to their specific needs. This flexibility allows for efficient and streamlined payment management.
Responsive Support: Users have consistently highlighted the great support provided by Nomentia. The company is recognized for being responsive and helpful in addressing any questions or issues that arise, ensuring a positive customer experience.
Unnecessary Columns: Some users have expressed that there are an excessive number of columns in Nomentia, leading to an overwhelming interface.
FX Evaluations: Reviewers have mentioned that the FX evaluations in Nomentia Management could be improved to provide more concrete capabilities for long-term planning.
Complex Settings and Mappings: Users believe that there is room for improvement in guiding them through the various processes, such as parameter settings and updating mapping tables, as depending on the individual setup, these settings and mappings can become quite complex, making it challenging to navigate.