Introduction

Nors Group, a multinational family-owned business with operations in Europe, Africa, and the Americas, manages complex cash and debt positions across diverse regulatory environments. As the group expanded, so did the pain of managing liquidity — from Brazil’s restrictive tax regime to Africa’s hard currency limitations. When traditional cash pooling solutions didn’t offer the flexibility they needed, Nors turned to FinanceKey.

Problem

Nors needed to solve multiple challenges across regions:

• 20 people across the organisation were involved in manually updating an Excel-based global cash & debt map every month
• Traditional cash pooling via large banks proved unworkable in regions like Brazil and Africa due to regulatory and tax complexity
• Lack of centralized visibility made group-level liquidity management slow and unreliable
• Inability to automate intercompany transfers and real-time decision-making
• Needed a partner that could adapt quickly to unique needs — not a black-box bank solution

Solution

FinanceKey offered a flexible, scalable alternative to rigid bank-led solutions:

• Deployed a bank-agnostic, real-time treasury layer across 6 countries
• Self-service dashboards provided live visibility into cash and debt — no Excel needed
• Automated daily sweeps in Portugal; enabled optimized cash centralization in Brazil
• Used Swift instructions for payment execution to minimize IT involvement