The European leader in treasury and cash management solutions, Nomentia empowers over 1,400 treasury teams across 100 countries to perform at their best, and processes several hundred billion euros annually. Nomentia is an end-to-end TMS, specializing in global payments, bank connectivity-as-a-service, cash forecasting and visibility, bank account management, financial process automation, treasury workflows, FX risk, in-house banking, and trade finance.
We implement AI Forecasting (predictive) since 2019 with our AI Engine and have been refining the capabilities ever since. Many clients already opted to have the AI forecast integrated in their forecasting.
Cashflow forecasts are done with a lot of different model groups, using 2-3 year of bank statement data. Each model has its own strength and weaknesses and the best model according to multiple validation periods is selected for each cashflow. For instance, Bayesian Structural Time Series, Feedforward Neuronal Networks, TBATS and SARIMA and many more.
Benefits
Treasury teams gain AI-driven forecasting that adds alternative scenarios, alerts on deviations, and explains variances at the cash flow group level, enabling more accurate forecasts, reduced liquidity risk, and lower interest costs.
Challenges
Clients need to provide at least two years of bank statements, which we can automatically interface. Through workshops, we define business nature, seasonality, and key cash flow drivers leveraging +6 years of AI forecasting expertise to enhance accuracy and insight.
