Fyorin vs Nomentia
Nomentia vs Fyorin: Treasury & Cash Management Comparison
When selecting a treasury and financial operations platform,comparing Fyorin and Nomentia will help you identify the best fit for your business. While both tools focus on cash management and automation of key treasury processes, Fyorin goes a step further than Nomentia, offering access to multiple financial institutions and multi-currency global payments from a singular platform.Dedicated multi-currency accounts in 100+ currencies | ||
Domestic payment routes | ||
Automated payables | ** | |
Bulk payments | ** | |
Automated payroll | ||
Automated receivables | ||
Sub-accounts | ||
Expense Management | ||
Corporate expense cards | ||
Integration with existing accounts | ||
Diversification of liquidity risk | ||
API capabilities | ||
FX Hedging | ||
Cash position monitoring | ||
Integration with ERPs | ||
Balance optimisation and in-house banking | ||
Multi-entity management | ||
Nomentia is a cash and treasury management platform serving mid-to-large companies across Europe, particularly in the Nordics and the DACH region. Their offering includes treasury and cash management solutions with cash pooling, forecasting, liquidity and reporting capabilities, supported by connections to over 10,000 banks. While Nomentia’s features focus on standardising treasury workflows they unfortunately lack direct payment capabilities for full automation.
Finance Automation
Fyorin provides a unified platform for managing treasury, cash as well as financial processes such as payables, receivables and expense management. This eliminates the need for businesses to firstly, establish and manage multiple relationships with financial institutions or rely on a variety of additional tools for their finances. By consolidating all financial operations in one system, Fyorin reduces time spent on administrative work, compliance, improves liquidity efficiency, and simplifies workflows. While Nomentia also offers payables and receivables in the same platform it lacks direct payment features which means that users must establish separate bank relationships and manage integrations themselves, leading to higher complexity and time investment.
Direct Access to Financial Institutions for Payments & FX
Fyorin’s ability to send and receive funds directly in 100+ currencies through its network of financial institutions is a major advantage over Nomentia's payments which need to be done through the relevant bank, In practice, it means that Fyorin users can directly send and collect payments from Fyorin platform, while with Nomentia, they need to rely on batch files or manual payments that may be unreliable. Fyorin also supports faster settlements through local payment routes, reducing transaction costs and delays, which is critical for businesses operating across multiple jurisdictions.
Fyorin’s FX solutions include holding, exchanging, and sending funds in multiple currencies, giving businesses confidence to manage exposure effectively. Nomentia provides basic FX rate retrieval but requires external tools or integrations for advanced currency management.
Bank Connectivity and Diversification
While Nomentia connects to over 10,000 banks and supports SWIFT Business Connect, it requires pre-established relationships with financial institutions. Fyorin eliminates this complexity by providing direct access to financial institutions through its global network. With one onboarding and compliance process, businesses can easily open new accounts, diversify and manage liquidity risk from the same platform and scale their operations.
Expense Management with Cash Rebates
Unlike Nomentia, Fyorin offers a robust expense management solution with automatic posting into the ERP and corporate cards that offer cash rebates every time you spend. Fyorin’s card can be tailored to the unique needs of the business and come with a high out of the box limit of €250,000. This unique feature helps businesses turn costs into savings.
