Nomentia review

Nomentia organizes its Smart Treasury Suite into five groups: Connect, Pay, View, Manage and Optimise. Connect covers 10,000+ bank connections and links to ERPs, trading platforms and market data. Pay is where Nomentia is strongest for a payments-heavy team, with a central Payments Hub, bank account management, direct debit control, sanctions screening and payment fraud detection. View adds cash positioning and forecasting with forecast versus actual comparison, Manage covers debt, investments, derivatives, guarantees, exposures and hedge accounting, and Optimise adds an in-house bank, intercompany netting, cash pooling, bank reconciliation and cash application. Teams can buy only what they need and add modules later, and projects are scoped with Nomentia's consultants. Pricing is not published. It is a strong fit for European groups that want to replace several bank portals with one controlled payment factory.

Who it is for

European groups centralizing payments and bank connectivity

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• 10,000+ bank connections plus ERP, trading platform and market data connectivity
• Payments Hub with sanctions screening and payment fraud prevention
• Cash positioning and cash flow forecasting with forecast versus actual
• In-house bank, intercompany netting and cash pooling
• Debt, investments, derivatives, guarantees and hedge accounting

Strengths and weaknesses

• Strength: Payments, bank account management and direct debits in one module group
• Strength: Modular, so teams can start with connectivity or payments
• Strength: Vendor cites 1,400+ customer case studies
• Weakness: No published pricing
• Weakness: Guarantee and direct debit tooling is more relevant to European operations
• Weakness: Implementation runs through Nomentia consultants

Key facts

• Bank connections: 10,000+
• Modules: Connect, Pay, View, Manage, Optimise
• Case studies: 1,400+
• Languages on site: English, Finnish, German
• Pricing: By quote

Where it ranks

Nomentia is No. 3 in our Best Treasury Management Software verdict.