Lumene

The Lumene Group relies on automated cash flow forecasting

Lumene

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."

Marjut Artimo, Treasury Manager, Lumene Group

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challenge
challenge

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.

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SOLUTION
SOLUTION

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.