ABC Manufacturing, a globally operating mid-sized company, experienced a sudden spike in orders due to a new product launch. While this was a great development from a revenue perspective, they were facing an immediate challenge in its aftermath-cash flow. To meet the demand, the company needed to purchase raw materials in bulk, but payment from customers would not come in the next 60 days.
Nomentia is a Finland-based fintech platform that offers solutions such as reconciliation, bank account management, and cash flow forecasting for businesses.