Nordea to provide Exidio's cash forecasting solution to corporate customers

25 September 2008

Cash flow forecasting and other B2T processes are gaining critical attention in treasuries of multi-national corporations. Nordea is making it possible for its corporate customers to reach their goals by offering a new business-to-treasury (B2T) tool in cooperation with Exidio.

Nordea, the leading Nordic bank, decided to find an established product which not only tackles the cash forecasting challenge efficiently but can also be accessed via the Web.

Nordea's corporate customers will through Exidio's Trezone®, have on-line access to cash forecasts with information about idle cash and funding need globally.

Both business units and treasuries can forget about spreadsheet-based reporting and manual consolidation of data. Deployment of the SaaS (Software as a Service) product involves no software installations, and to access the solution, each user only needs a standard web browser and an internet connection.

"We have identified cash forecasting as one of the most common sources of frustration in client treasuries. As their bank, we want to provide cost-efficient services which immediately improve the quality of work of our customers", says Mr Gunnar Berger, Nordic Head of Treasury Services in Nordea.

Exidio CEO Mr. Timo Hämäläinen is excited about the partnership: "We are extremely proud to be the B2T vendor for the Nordic leader in banking. Branded SaaS for banks through exclusive, regional partnerships is a strategic focus for Exidio and we could not have found a better partner to lead the way for others", Hämäläinen says.

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