Temenos Quantum vs. TIS (Treasury Intelligence Solutions)

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Temenos Quantum
Score 10.0 out of 10
N/A
Temenos Quantum is a mobile app development tool based on technology acquired by Temenos with Kony and the Kony development platform in late 2019. They state with it, businesses can deliver a multiexperience digital journey for customers. The platform supports the development of web and native mobile applications incorporating wearables, chatbots, augmented reality, and conversational apps.N/A
TIS (Treasury Intelligence Solutions)
Score 8.5 out of 10
Enterprise companies (1,001+ employees)
TIS helps CFOs, Treasurers, and Finance teams transform their global cash flow, liquidity, and payment functions. Since 2010, the cloud platform and service model have supported the office of the CFO to collaborate and attain efficiency, automation, and control. By streamlining connectivity between TIS' customers’ back-office systems and their worldwide banks, vendors, and business partners, TIS aims to enable…N/A
Pricing
Temenos QuantumTIS (Treasury Intelligence Solutions)
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Temenos QuantumTIS (Treasury Intelligence Solutions)
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoYes
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsTIS helps clients eliminate redundant or unnecessary features and systems, and helps reduce banking and transaction fees for account rationalization projects. TIS manages all onboarding, maintenance, and service requests to eliminate clients' other consulting, IT, and other technology-related costs. In addition, TIS provides rebates and rewards programs in certain areas of our solution to help clients optimize payments activity conducted through various localities and supplier networks.
More Pricing Information
Community Pulse
Temenos QuantumTIS (Treasury Intelligence Solutions)
Features
Temenos QuantumTIS (Treasury Intelligence Solutions)
Treasury Management
Comparison of Treasury Management features of Product A and Product B
Temenos Quantum
-
Ratings
TIS (Treasury Intelligence Solutions)
5.5
6 Ratings
27% below category average
Cash and Liquidity Management00 Ratings8.15 Ratings
Financial Fraud Prevention00 Ratings2.65 Ratings
Treasury Management Payments00 Ratings8.96 Ratings
Bank Account Management00 Ratings8.06 Ratings
Treasury Risk Management00 Ratings2.72 Ratings
Treasury Reporting00 Ratings4.85 Ratings
Liquidity Forecasting00 Ratings4.62 Ratings
Market Data00 Ratings4.62 Ratings
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Temenos QuantumTIS (Treasury Intelligence Solutions)
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User Ratings
Temenos QuantumTIS (Treasury Intelligence Solutions)
Likelihood to Recommend
6.5
(2 ratings)
8.2
(15 ratings)
Likelihood to Renew
-
(0 ratings)
8.2
(5 ratings)
Usability
-
(0 ratings)
8.6
(4 ratings)
Availability
-
(0 ratings)
9.1
(1 ratings)
Performance
-
(0 ratings)
9.1
(1 ratings)
Support Rating
-
(0 ratings)
8.9
(4 ratings)
Online Training
-
(0 ratings)
9.1
(1 ratings)
Implementation Rating
-
(0 ratings)
8.1
(3 ratings)
Configurability
-
(0 ratings)
8.2
(1 ratings)
Ease of integration
-
(0 ratings)
7.1
(10 ratings)
Product Scalability
-
(0 ratings)
9.1
(1 ratings)
Vendor post-sale
-
(0 ratings)
9.1
(1 ratings)
Vendor pre-sale
-
(0 ratings)
9.1
(1 ratings)
User Testimonials
Temenos QuantumTIS (Treasury Intelligence Solutions)
Likelihood to Recommend
Temenos
Improve performance while the app is in production. The init app development in planning, the testing stage is not an ideal scenario to use KDC yet.
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TIS Treasury Intelligence Solutions
TIS [Treasury Intelligence Solutions] is well suited for a company with multiple banking relationships in multiple countries. This can allow a treasury function to have better visibility and control over its daily cash management operations. It has very good report writing capabilities and dashboard functionality to customize a report for the end user.
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Pros
Temenos
  • Cross-platform mobile development - we used this for developing the app on a native platform (which could be iOS, Android). Kony offers tools that are useful because they decrease costs and increase the speed at which apps are developed. In addition, cross-platform mobile development tools are generally quite simple to use as they are based off of the common languages for scripting, including CSS, HTML, and JavaScript. It has become easy to find resources with the skill set especially because this is based out of common languages.
  • In Kony mobility platform Visualizer makes app development quick and easy. Tons of documentation online.
  • Used Kony to develop an amazing app that serves our customers well. WYSIWYG interface is great for building interfaces quickly. Build and test quickly for many different targets.
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TIS Treasury Intelligence Solutions
  • BTM MONITOR & Payment Monitor: we have a good view of the companies' bank statements & payments current status. Error tracking and issue logs can be found easily. In case of an error the error message describes it well so that we can act alone and solve the issues in most cases without further help. Speed is particularly important at month-end closes, you cannot be without a solution.
  • Payment files PAIN mapping. The Know-How of TIS and its expertise to PAIN file integration and possible options. We have not seen a case where our TIS Project Manager did not know the answer to an issue. Often it comes instantly. Sometimes they would of course investigate, but the root cause review of a technical issue is key to success here. These guys really know what they are doing.
  • Support Team of TIS. They have a very fast response time. I would point it out as being the key strength of the TIS package. You will never have critical items not addressed in due time. The speed and quality of their responses to issues is how it should be. From a financial operational point of view: It's important to ensure business continuity, which they do.
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Cons
Temenos
  • Manuals or instructions need to be streamlined with its high pricing.
  • It's a very intricate platform. It only performs moderately while the app is currently in operation.
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TIS Treasury Intelligence Solutions
  • Improved VaR risk module to apply to cash balances exposure
  • Currency risk controls - volatility forecast
  • Trading platforms connectivity - hedging capabilities for SWAPtions
  • Probable ripple integration to make settlemets faster versus t+2
  • Compliance: not only track sanctions, payment details but get Credit Score of counterparty
  • Chinease counterparties details (state banks do not share) - fraud risk depreciation
  • Loans offering page
  • Direct banks chats - push to send message to operator
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Likelihood to Renew
Temenos
No answers on this topic
TIS Treasury Intelligence Solutions
Depends on stage of the project if it will be postponed in 2023. Se la vie. Will be happy to go on.
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Usability
Temenos
No answers on this topic
TIS Treasury Intelligence Solutions
The main feature of usability is the outcome you get upon actions done. TIS is not complecated solution - it is rational and has most needed capabilites for cash management via multiple accounts in different jurisdictions. It works well for this task and evolutioning to the field of risk management to get all treasury job done well.
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Support Rating
Temenos
No answers on this topic
TIS Treasury Intelligence Solutions
Offered support information in the portal (knowledge base articles) as well members of the support provides a very good service level.
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Online Training
Temenos
No answers on this topic
TIS Treasury Intelligence Solutions
The training addressed our needs.
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Implementation Rating
Temenos
No answers on this topic
TIS Treasury Intelligence Solutions
The cloud connection meant less work for IT. The setup of the first 1000 accounts was very quick, so we went live after only 4 months.
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Alternatives Considered
Temenos
We evaluated variety of platforms like Xamarin, Sencha, PhoneGap. When we were initially evaluating Xamarin, it was not Microsoft and so the releases and features were not very streamlined. Also licensing was a issue with that. Sencha was a very attractive cross mobile platform but was expensive. Just for handful of developers price was high. Ours is big enterprise so licensing costs became huge. PhoneGap is based out of open source Apache Cordova project and is completely free to use, which goes some way to explain its popularity. The enterprise version boasts marketing features via Adobe’s Marketing Cloud, so when it launches it will probably be monetized. Comparing with the features platform has to offer and the price tag attached to it, we narrowed down to using Kony.
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TIS Treasury Intelligence Solutions
We have used bank applications and another large TMS provider based in the US. Our prior TMS was a full-scale system which was very robust and extremely complex. We were not using 3/4 of the functionality and we decided it made more sense to select a simpler system that met our core requirements which are connectivity and transaction & information support. TIS does this very well at a lower price point. In the end, TIS better suited our needs and was much simpler and more affordable.
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Return on Investment
Temenos
  • Positive on ROI. I'm constantly utilizing Kony since it's a robust tool capable of publishing.
  • It also shares prototype creations of apps in a highly intuitive and customizable environment. It provides a preview of apps in real-time. Collaboration is seamless. Important functionality includes smartphone features (without any written code involved) and accessibility to a browser, maps, and SMS.
  • Trying to understand the user manual can be challenging since there are way too many features available. All of them aren't really necessary for beginners. And they've yet to offer them in a "phased" approach.
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TIS Treasury Intelligence Solutions
In terms of risk mitigation of course we can reduce the number of people having access to banking if not needed. With dedicated teams and less people with access to individual Bank portals. Before access to bank portals were necessary for all sorts of manual payments and exceptions if we really implement the 100% of functions and dont leave exceptions that risk mitigation can be achieved and efficiency at automated payment runs.
  • At a large corporation with more than 60 entities and 400+ bank accounts, the savings and improvements are massive considering how time-consuming the manual work would be. I don't have any numbers to quote, unfortunately.
  • We are now massively expanding our TIS with the full integration of automated payment runs. This has larger operational impacts, like the possible consolidation of banking and dedicated payment teams.
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