The Lumene Group relies on automated cash flow forecasting
Lumene Group has witnessed a growing global demand for their cosmetics products. In the expanding business, automated liquidity management and forecasting play an important role.
"We run an international business with a small number of staff. It is thus important to have good cooperation partners and tools that make the work easier; automated liquidity management and forecasting is such a tool."
Having a wide product range which is constantly renewed creates challenges for Lumene’s product life cycle management, working capital management and eventually for liquidity management.
Improved liquidity management and cash flow forecasting have decreased the amount of manual work, increased the amount of valuable information, and thus made operations more efficient.