Tag Archive for: TIS

Ready for automated payment transactions? Fully integrated in a few days

| 26-11-2019 | TIS |

Treasury Intelligence Solutions GmbH (TIS) is the leading cloud platform for managing corporate payments, liquidity and bank relationships worldwide. The company delivers SMART PAYMENTS to help customers make BETTER DECISIONS.

TIS is web-based. That means you don’t have to install any software locally. Save yourself high IT and ERP maintenance costs and connect TIS to your ERP system in a secure, simple and straightforward manner.

Cloud-based: This is how TIS is integrated.

Simple implementation and intuitive operation.

Many companies have to fight against non-transparent and decentralized payment processes due to the accumulation of organizational and IT structures. TIS understand this problem and can provide a solution to both issues. The TIS platform is web-based and is available productively across the whole company in just a few days. It can be integrated seamlessly into your ERP system via a plug-in. Every user, all over the world, can log in to the platform straightforwardly and manage the business processes for the areas for which they are responsible.

TIS Agent: Support for all ERP versions.

No changes to your ERP systems are needed.

Integration of the TIS Corporate Payment solution is independent of your ERP system. Interfaces for ERP systems other than SAP are either already available or they can be easily deployed by using the TIS Agents. Furthermore, interfaces to banks are already available and additional interfaces are continuously being integrated. Connection to your ERP systems can therefore be achieved straightforwardly.

Cost-efficient.

Fast ERP rollouts and lower maintenance requirements.

Reduce your costs by deciding for the introduction of a SaaS solution.  Systems that are located on your own servers will have considerably larger implementation expenses, risks and will involve major IT projects.

There are also expensive maintenance requirements. Every time the payment and bank statement processes between the ERP or accounting systems and the banks are standardized, your IT system will have to be involved. TIS enables fast and cost-effective ERP rollouts, without large IT costs, via the web-based solution. You will therefore save money and simplify your bank communications in the long term.

Particularly easy SAP integration.

TIS Bank Transaction Manager has been officially approved and certified by SAP.

As a certified partner of SAP SE, we guarantee that our SaaS solution is completely compatible with the SAP Business Suite. This means that TIS can integrated seamlessly via an SAP certified plug-in with

SAP ERP

SAP Business ByDesign

SAP S/4HANA

Once TIS has been incorporated into an ERP system, the user no longer has to save the bank files locally and transmit them to the bank. Payments are now triggered in the SAP environment and transmitted directly to the TIS cloud platform. Inversely, bank statements go from the bank to TIS and are collected there by the ERP system. As a SaaS solution, the platform is connected seamlessly to your ERPs, and you can design your national and international payment transaction process efficiently and in a future-oriented manner.

TIS Bank Transaction Manager

Integration of the TIS solutions is thus quick and easy. As soon as the TIS Bank Transaction Manager has been integrated into your business processes, you can centralize your payment process and increase your processing speed and data quality. Reduce errors from manual input and gain valuable time via standardized automation. Depending on what type of support in payment management you require, you can manage your payment processes entirely in accordance with your needs using additional TIS modules.

Visit TIS.biz

Cash Management in the Age of Digital Transformation

| 15-11-2019 | TIS |

Treasury Leaders Summit – London 2019

The Treasury Leaders Summit provides senior treasury and finance professionals with access to in-depth research, analysis and the opportunity to discuss key issues impacting the profession with senior level peers.

Our partner TIS will also be part of this Summit. Visit TIS at their stand and discuss your business case.

TIS Co-Founder, Jörg Wiemer, will hold a session about “Cash Management in the Age of Digital Transformation”. This will take place on Tuesday, 19th November at 4.30 PM GMT.

Also, do not miss our session on Day 2 with our customer HUGO BOSS. Get valuable insights on how they found the perfect-fit solution for their corporate payments processes.

This session will take place at 12.30PM GMT.

Request a meeting by filling out the form here.

Date:
19th – 20th November 2019

Location:
Leonardo Royal Hotel London City, 8-10 Coopers Row, London, EC3N 2BQ

 

The impact of PSD2 on payment transactions

| 07-10-2019 | TIS |

This September the new EU directive PSD2 (Payment Services Directive 2) came into force. It is an extension of the Payment Services Directive, which was intended to harmonize the rules for payment products and services. Although this amendment affects every consumer who uses online payment services, and although sufficient notice has been given in advance of the amendment, few people know what the new EU Directive is all about. For this reason, it is not uncommon for bank customers to be confronted with an account blockage after the changeover, when logging into their online bank account, which causes a lot of confusion between banks and customers. As a result, several questions arise:

  • What has changed for the customer as a result of the changeover?
  • Can the new regulation keep the promised security standards?
  • To what extent are companies – especially Treasury- affected?
What is PSD2?

PSD2 is intended to regulate payment services and payment service providers in the European Economic Area (EEA) and throughout the European Union (EU). It aims to make cashless payments more secure, customer data better protected and data transmission over the Internet more reliable. In addition to the changes for customers, who are to experience more security through increased authentication, there are also significant changes for banks. From now on, banks will be obliged to provide third party service providers with access to customers’ account information via a standardised interface (PSD2 API) if the customer gives the consent. For banks, this means that they must surrender a large part of their power of disposal. For customers, this means that they can now make all their payment transactions without having to log into their online bank account. This is convincing for the customers, because specialised fintechs are ahead of banks and offer solutions that allow all your financial transactions – even within different bank accounts – to be carried out with only one application. This is nothing  new in the world of B2B, where corporates use payment solutions with the exact same purpose for years now.

Is PSD2 safe?

A change in the conditions of payment transactions often raises the question of whether it can actually meet the promised security standards. Especially in this case, where customer information is passed on to a third-party service provider. If lacks in security arise, there is a higher risk to become a target for cybercrime, which automatically puts bank customers’ confidential account information at risk. The European Banking Supervision and BaFin are taking it very seriously. In order to make the customers’ choice for the right third-party service provider easier, they provide a directory of reliable, registered and licensed third-party service providers.

Find out what makes TIS particularly safe!
PSD2 for Treasury?

Consumers demand real-time, round-the-clock payment services and this demand is growing. This brings changes in payment transactions that have an impact on the businesses, especially on corporate treasury which looks after cashflow. Most up-to-date account information becomes more crucial for a treasurer. The new PSD2 API interfaces could help, since it enables more direct communication with the bank and access to real-time account information.

About TIS
TIS (Treasury Intelligence Solutions GmbH) is the leading cloud platform for managing corporate payments, liquidity and bank relationships worldwide. The company delivers SMART PAYMENTS to help customers make BETTER DECISIONS.

TIS enables companies to make more efficient, more secure and more cost-effective payment transactions. In addition, TIS enables customers to make better decisions when analysing financial and operational performance based on real-time payment flows. All mission-critical processes related to payment transactions are integrated into a multibank-capable, audit-proof cloud platform. This is a single point of contact for enterprise customers when managing and analysing their payment flows across the organisation. TIS take care of managing various payment formats, communication channels with banks, and ERP-agnostic integration. Offered as Software as a Service (SaaS), the ISO certified TIS solutions are quickly up and running without the complexity and cost of a long IT project.

Do you want to make better decisions through real-time reporting?

| 05-09-2019 | TIS |

BETTER DECISIONS THROUGH REAL-TIME REPORTING:
BUSINESS INTELLIGENCE ABOUT CASH FLOWS & CASH POSITIONS

How do strategic professionals decide on the best path to success for their company? The key is in transparency and real-time reporting across company-wide cashflow and liquidity levels, bank, customer and supplier relations and working capital. When cashflow visibility is the lifeblood of your company, you want full control and knowledge. Direct access to insights on profitability and potential business risks allow users to drive better decisions based on solid business intelligence, accessible anytime and anywhere.

SCENARIO
BETTER DECISIONS: Companies now have the power of the Business Discovery Manager – a business intelligence module within the TIS cloud platform. Supplier, salary and treasury payments can be easily analyzed along with cash flows, liquidity and working capital via easy-to-use dashboards and reports. The tool, enhanced through state-of-the-art BI technology, enables users to access all strategic insights in a single, flexible, web-based and multi-bank, multi-ERP capable platform available 24 hours a day from anywhere in the world.

 

DOWNLOAD THE COMPLETE FACTSHEET HERE

 

About TIS
TIS (Treasury Intelligence Solutions GmbH) is the leading cloud platform for managing corporate payments, liquidity and bank relationships worldwide. The company delivers SMART PAYMENTS to help customers make BETTER DECISIONS.

TIS enables companies to make more efficient, more secure and more cost-effective payment transactions. In addition, TIS enables customers to make better decisions when analysing financial and operational performance based on real-time payment flows. All mission-critical processes related to payment transactions are integrated into a multibank-capable, audit-proof cloud platform. This is a single point of contact for enterprise customers when managing and analysing their payment flows across the organisation. TIS take care of managing various payment formats, communication channels with banks, and ERP-agnostic integration. Offered as Software as a Service (SaaS), the ISO certified TIS solutions are quickly up and running without the complexity and cost of a long IT project.

 

 

Webinar: Interested in how to minimize costs for FX payments?

| 20-6-2019 | TIS |

Does your firm have a global payment landscape? Are all FX payments globally and their associated costs visible to you?

If the answers are Yes and No, you don’t want to miss this 30-minute webinar chaired by Ebury, one of Europe’s fastest growing FinTechs and TIS, a global leader in corporate payment solutions.

For corporate treasurers and cash managers, FX risk management is part of the daily tasks. In this joint webinar presented by Ebury, a global finance specialist in foreign exchange, and TIS, a global leader in cloud-based corporate payment SaaS solution, the experts Thomas Fakhouri, Head of Technology Partnerships at Ebury and Nikola Hristov, Product Owner at TIS, will discuss how a fully integrated and automated payment process with add-on FX service generates enormous saving opportunities for corporates.

Register today

Wed, Jun 26, 2019
3:00 PM – 3:30 PM CEST

Treasury Intelligence Solutions: Centralizing Corporate Payments System

| 29-1-2019 | TIS Treasury Intelligence Solutions | treasuryXL

Interview with CEO and Co-Founder of TIS Jörg Wiemer by CIOReview

In today’s era where the face of IT is changing drastically, enterprises are facing a multitude of challenges germane to regulation, risk management, and most importantly performing business to business payments. Having served as senior vice president and global treasury veteran at SAP, Jörg Wiemer, the CEO and Co-founder of Treasury Intelligence Solutions (TIS) highlights that corporate transactions often involve multiple parties from both internal and external departments, and the legacy systems often cause recurrent delays in payments. The failure to bring this mission-critical process under control may affect the supplier relationship to the extent that the supplier may discontinue the business relationship. In the thick of grave challenges, modern CIOs are keen to bring in a robust technology that assists them to streamline payment processes. At TIS, the leadership brings to bear its vast experience to aid enterprises to efficiently and effortlessly manage corporate payments and cash flows through a SaaS platform.

The platform works as a central hub that is dedicated for enterprises to manage, organize, and analyze their corporate payments flowing across and within the organization. Through the power of SaaS, TIS’ cloud-based platform helps clients quickly connect their ERP systems with different banks to manage bank accounts. Moreover, the platform allows enterprises to perform analysis of liquidity and cash flow in real time. It also conveniently addresses complexities triggered by different communication protocols and channels, enabling clients to communicate and process transactions in their customers’ preferred language. “The clients can simply leverage the library of bank formats and the bank connector, which we have built over the last year, to allow transactions between ERPs and banks seamlessly,” informs Wiemer.

By challenging the status quo of legacy solutions, the TIS platform empowers multiple leadership executives with the ability to make smarter decisions and assists them to process, view, and analyze transactions in real time using a cash flow analytics feature. Cementing the digitalization objective of enterprises, the TIS cloud platform helps keep processes fully under control through increased efficiency, visibility, and transparency in corporate payments and audit trails.

“The clients can simply leverage the library of bank formats and the bank connector, which we have built over the last year, to allow seamless transactions between ERPs and banks”

Citing an instance, Wiemer brings to fore the case of a luxury goods company, Oettinger Davidoff AG, which faced the challenge in standardizing their payment processes while restructuring their ERP systems to migrate to SAP S/4HANA. Aside from centralizing their international payment transactions, the retail company sought to achieve a better overview of a large part of the liquidity in the company. Partnering with TIS, the client had seamless SAP integration and quick bank format hosting, which helped them successively onboard all the bank accounts to SAP without any hassle. Fast-forward to today, the client has about ten bank accounts of foreign subsidiaries in Switzerland that are connected to the TIS platform to perform all of the international payments of local subsidiaries.

Having researched the potential market for corporate payments solutions, Wiemer states that the total market for “ERP systems” is roughly about $80 billion (ERP) per year and for “payments” $1,000 billion per year, respectively. Tapping this huge market, TIS initially plans to expand its wings to Europe and the U.S. within the next month. The success of TIS reflects in its rich portfolio of clients from diverse industries including finance and insurance, retail and automobile, among others. Emphasizing the fact that TIS continues to help customers switch into a new way to collaborate and execute payments, Wiemer concludes saying, “The fintech industry will fuel the payments industry to become more efficient over time, and it will have customers save cost immensely.”

Original published on CIOReview

Are you a treasurer? Here are 5 tips for a successful career

| 06-12-2018 | TIS | treasuryXL |


Treasurers – the guardians of money – play an important role in all companies. They work to regulate the flow of money by taking a more modern and contemporary approach than ever before. Here we say: Goodbye cash in the closet and hello digital possibilities of the 21st century!

At the same time, however, there is a heavy burden of responsibility on you because if you miscalculate something you will quickly be out of a job and the company will be out of business too. To make sure that doesn’t happen and that your career as a treasurer goes from strength to strength, we have compiled five tips to keep you on the safe side.

1. From controller to treasurer

The switch from money management and the associated creation of a treasury department is becoming increasingly common. In summary, here is a brief overview of what you can do to improve your work as a treasurer:

For example, the choice of bank partners should be carefully considered. By investing time in this, you can save fees later. Likewise, liquidity equalization should be reviewed. Cash pooling makes efficient cash distribution, in Europe or globally as well, easier as central financial management offsets excess liquidity or liquidity shortages. The treasury management system used should also be tailored to the needs of the company and its customers. If these have perhaps changed in recent years, an adaptation could be useful. In general, it is important to be able to ensure transparency for customers and within the company at all times in order to strengthen customer confidence and provide employees with all the information they need.

In the absence of transparency and an unclear view of banking activities, you can use the TIS Bank Account Manager. This is because TIS facilitates reduced bank account management to a single SaaS solution, allowing you to control all account details. For treasurers TIS is therefore worth its weight in gold.

2. From overview to perspective

Having optimized the technical and general structures that help treasurers make their lives easier, it is important to understand the state of the business. A complete overview is therefore priceless! To improve something, you must first know what there is to improve. Which is why a general check of the state of affairs is essential.

Then carry out a financial check: You need to find out about the resources that are available and which could be exhausted in any given case. In addition, you should know about the liquidity of the company – where are there still bottlenecks or where could they develop?

Caution! Because that is quickly neglected: Even within your team, you should know and keep track of the sequence of operating processes. This allows you to quickly identify internal vulnerabilities before you start looking for them externally.

Keep this overview up-to-date and expand it to include news and changes. This allows you to detect possible risks for your company at an early stage and reduce or even prevent negative effects. The overview also helps you to assess the support you need from other departments. They will certainly be happy if they do not have to spontaneously provide first aid for the issue but know in good time to integrate this request into their work. This will help you to ensure timely processing and thus, in the long term, to achieve your own goals.

Recognizing the need for action enables you to respond in good time. If you recognize a chance for long-term improvement, the necessary steps should be implemented soon. However, if the possibility of a short-term improvement is recognized, steps must be taken immediately.

As you can see: This overview helps you to no longer miss any room for improvement.

3. Only optimized reporting is also good reporting

Correct and detailed reporting on all current and future projects can play a major role in the success of the treasury department. It goes without saying that some projects work very well without a meticulous protocol, which also takes up a lot of time. However, at some point you may come across an error that cannot be traced back and could trigger a domino-like chain reaction – or maybe not, you don’t know. But would you not rather invest a little more work to be on the safe side? For this reason, optimize the laborious reporting process and fill it with details, so that if a problem arises later, you can directly identify and fix the source.

4. A planned approach to success

If you have a clear view of the current situation of the company, think about future successes and goals. To do this, you should create an accurate roadmap listing all projects, tasks, customers, etc. After you know what you want to achieve in the future and what your goals are, record them as well. Divide your goals into long-term, medium-term or short-term achievements and prioritize them. Look for a way to reach the goals from the current situation. The previously provided overview will help you immensely in evaluating the implementation options!

If a goal does not seem possible at the moment, shift it to a later date, but do not forget it. However, if you have found a way, get down to planning or directly to implementation.

5. Silence is silver, talking is golden

Even if the opposite opinion prevails in everyday life, as a treasurer you should maintain good communication lines with all stakeholders. Hold regular meetings with your team. This helps you to always keep an eye on the current status of projects. Introduce project completion reports and align your expectations with those of your colleagues. It is important to keep to your timetable and that objectives to be achieved are accessible at all times. You should not only keep your close colleagues updated, but also those stakeholders in other departments. This will allow you to obtain approval for the funds you need in future projects. Good internal communication is therefore important, what’s more, contact with external partners and customers is also crucial for successful cooperation. Here in particular you need to identify and fix problems quickly to prevent things from getting worse.

Unfortunately, as is often the case in life, there is no guide to guaranteed success. However, with these five tips, you are on the right path. It is important that you do not lose sight of your actual tasks during all the coordination work. Create an (imaginary) list of tasks to complete. It should strike a balance between your actual tasks, such as financial planning, hedging financial risks or maintaining contact with banks and capital markets and the coordination you have to provide. Usually one goes with the other, but neither should gain the upper hand alone. Stay focused!

You can read the full article on the website of Treasury Intelligence Solutions GmbH.

 

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5 steps for optimizing payment transactions

| 13-09-2018 | TIS | treasuryXL |

They are one of the most important economic transactions and since all times have provided us with order and structure, but at the same time they have been a nuisance, because they are equally complex and essential. They come in the form of cash payments, semi-cash payments and non-cash payments, with the latter definitely at the forefront. But in order to organize payment transactions optimally, there are a few things that need attention.

In this article you will find out everything on how to renew your payment transactions, making them more transparent, simpler and more secure. At the same time, you can keep up with digital transformation.

Step 1: Getting an Overview

Regarding innovations in payment transactions, there are many items that require attention. For this reason, it is important to get an initial overview of the current payment transactions situation and a breakdown of the complexity of the factors contained in this term. You should be able to answer questions regarding current payment formats, including abroad, bank communication and possible bank connections before you start making any changes. You should also take into consideration your own payment transactions, in order to recognize weaknesses and potential improvements. Only then will you know if there is still potential for optimization and where the innovation process needs to start.

Step 2: Setting Goals

As is the case with successfully mastering any task, it is important to first set goals in advance and to monitor the results to be achieved. In this way, you prevent inaccurate or unwanted results and a lengthy change process. In order to define your goals, you should compare and consider the potential connections to the bank, systems and formats which are to be used in the future. Moreover, an initial conceptional model of the potential new banking landscape should be developed.

Once the first two steps have been carefully considered, it is down to the nitty gritty: making better decisions.

You can read the full article on the website of Treasury Intelligence Solutions GmbH.

 

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Cyber Security and Business Intelligence

| 5-6-2018 | TIS |

Fintech Hotseat – AFP 2017: Alongside smaller companies, there are still many medium and large sized companies that have not yet implemented real-time monitoring of their payment processes. The result? These organizations then fail to discover missing cash until the end of the month. In this interview during the AFP Conference 2017 Giancarlo Laudini, SVP Global Sales and Marketing Operations, gives you insights how business intelligence can help you to prevent cyber crime and fraud in your organisation.

To see full interview click here

Content originally posted on TIS on 15/1/2018