ementexx is now part of the Lucanet Group. With the acquisition of the digital banking and cash management expert ementexx, we strengthen our market position extending our comprehensive Corporate Performance Management (CPM) offering. Our offering will be expanded to include treasury, procure-to-pay and order-to-cash solutions.
Supporting customers with user-friendly treasury and cash management solutions
This acquisition underscores our commitment to expanding our offerings and delivering unparalleled value to our customers. It directly addresses the pressing need for user-friendly treasury and payment solutions tailored to the specific needs of mid-market companies. While the geographic focus of ementexx was historically on customers in Germany, Austria and Switzerland, we will now start to roll-out the solutions to all our international markets.
In essence, the acquisition of ementexx serves to expand the solution portfolio for efficient and secure work in the finance department. Like other Lucanet products, the new offering of a cloud-based treasury and cash management solution is designed to further automate processes, serve as a single source of truth, and enable decision makers to better manage their business.
Providing flexible solutions for treasury, procure-to-pay and order-to-cash
While medium sized companies have historically been underserved by existing treasury management systems, ementexx's flexible out-of-the-box solution with short implementation times and an intuitive user interface is perfectly suited to the needs of the typical Lucanet customer.
Given the current interest rate environment, the requirement for treasury and cash management functions, such as cash pooling and liquidity forecasting, are of increasing importance for the mid-market. ementexx’s solution easily integrates to various banks and ERP systems, offers weekly and daily forecasts, visualizes bank data, and meets the increasing security and compliance requirements in payment transactions.
Adding valuable treasury expertise to complement banking and payments acumen
ementexx brings on board a competent team with year-long banking and treasury expertise, deeply rooted and respected within the German speaking payments and treasury industry. This enables us to complement our banking and payments acumen and offer our clients a leading and comprehensive solution, addressing their core needs.
"We are very proud that ementexx and its employees are now part of the Lucanet Group," said Elias Apel, Lucanet Group Board Member and CFO. "With ementexx we can now offer an easy to use and fast to implement treasury and cash management cloud solution, which is directly connected to banks and ERP systems. This gives CFO offices full control over treasury related use cases and helps them to manage the business more efficiently and reliably."
"We are excited that ementexx will be the new competence center for banking, cash- and treasury-management within the Lucanet Group," says Michael Scholz, CEO and founder of ementexx. "Besides adding highly complementary expertise in the area of banking, cash management and treasury to Lucanet’s core strengths in close, consolidation, planning, reporting, ESG compliance and tax our clients, the service philosophy, creating actual value add and our teams are in the very center of everything we do. Furthermore, we will benefit from the experience, infrastructure, and global reach of the Lucanet Group. This will enable us to offer solutions for international markets and react faster to new market requirements.”
About ementexx GmbH
ementexx GmbH, based in Frankfurt/Main, is a digital banking and cash management software specialist. For corporate customers, they offer ennoxx.banking, a cloud-based platform for corporate banking & payments, connectivity & transformation, cash management & liquidity and e-invoicing & reconciliation. The software tool is fully integrated, ensuring easy connectivity with ERP-systems and banks. In addition, the portfolio includes solutions for instant payments & push notifications as well as EBICS server and connectivity.
