We use TIS (Treasury Intelligence Solutions) as a payment monitor rather than a true TMS. All payments flow through TIS (Treasury Intelligence Solutions) and are approved/released in the production environment. The test environment is used for testing new payment methods. We also use TIS (Treasury Intelligence Solutions) to monitor account balances for cash pool accounts via our IHB.
Pros
User interface
Connectivity
Cons
Export data into different types
Chatbot
Ai
Likelihood to Recommend
TIS (Treasury Intelligence Solutions) works well for what we use it for, as a payment monitor. As a payment monitor and tracking account balances it works great.
I helped select TIS at one of my clients to solve the following: Mapping many different files from various ERP systems. Banking Connectivity. This was part of a project to set up a European cash pool with a single bank. TIS helped remove several hurdles to entities using new bank accounts and fitting them with current business processes.
Pros
Mapping of files from ERP systems to bank acceptable formats.
Connections with ERPs - SAP add on, TIS Agent, etc.
Assistance on the journey from configuration, through testing and into go-live.
Production support.
Cons
Some mapping had to be created.
Some errors hard to understand.
Some documentation could be clearer.
Likelihood to Recommend
TIS is excellent in a couple of scenarios: You have multiple ERP systems with different file formats and types and need to communicate with your banking partners in a common file format. TIS can do the mapping for you and manage automated connectivity with your bank(s). You have one ERP system and multiple banking partners and need a solution to manage the multi-banking connectivity. In whichever scenario, TIS provides a comprehensive suite of tools to meet your objectives. You can also decide how to configure this and the appropriate rules/access that need to be in place.
TIS is our global e-banking tool to manage B2B payments with SAP integration and connection with major global banks and some local banks. It addresses and replaces our existing process of uploading payment files on bank portal to an end to end compliant and integrated payment process with payment files transmitted through EBICS, SFTP and SWIFT connections. Primary objective was compliance as it eliminates the risk of any manual intervention to payment files. It bring efficiency through centralization of the banking landscape into a single payment portal replacing individual bank portals.
Pros
SAP standard IDOC to desired payment file conversion
Flexibility to adapt payment file structure for some fields at user level
Changes of payment formats done centrally
Payment formats repository
Cons
Speed of adjustment in non ISO XML formats
New payment methods eg. BPay or JomPay in Asia
Likelihood to Recommend
Experience with TIS for our Europe rollout was exceptional. Their support team is very professional and have great know how and always eager to support with new technologies and always up to date with innovative payment processes eg. API, file broker. Rollout for Non Europe was challenging due to existence of local banks having low experience with such project and need for extensive testing as the format specifications from bank and format readiness from TIS was not accurate and plug and play.
VU
Verified User
Manager in Finance and Accounting (10,001+ employees)
We plan to use Treasury Intelligence Solutions (TIS) as a Connectivity Hub, with all payments originating from various systems routed to Treasury Intelligence Solutions (TIS) before going to the banks. Also, Treasury Intelligence Solutions (TIS) will receive bank statements from banks and route those the systems that need to consume them. We are currently going through the implementation, which we expect to last another year
Pros
Connectivity
Payments Visibility
Cons
Swift Service Bureau
Likelihood to Recommend
Treasury Intelligence Solutions (TIS) helps centralize payment execution for a large organization like ours, which otherwise would have to work piecemeal to connect over a dozen systems to banks. Treasury Intelligence Solutions (TIS) provides good visibility and takes care of format transformations, although some restrictions exist due to bank reasons, usually not attributable to Treasury Intelligence Solutions (TIS) We are only at the beginning of the implementation, so we have to wait to assess how the system handles volumes and performs live. However, implementation is going very well, and we are very satisfied with their professional services team
As (co-)real estate investment managers, we have a lot of banks and accounts to manage. We were able to connect all banks and accounts via Treasury Intelligence Solutions. This not only simplified our daily cash management processes but also made them more efficient. The SAP add-on also increased security.
Pros
Simple account management
Comprehensive format database for payments
Very user-friendly userinterface
Very high availability through cloud connectivity
Always the latest version through automatic monthly update releases
Very high degree of automation through the connection of different accounting systems
Cons
The strengths lie in the connection of ERP systems, not in the creation of manual payments.
Likelihood to Recommend
The strengths of the cloud system lie in the wide variety of options for connecting banks/accounts. In addition, you have the possibility to increase the digitalisation between accounting and cashmanagent.
VU
Verified User
Manager in Finance and Accounting (501-1000 employees)
We experienced the serviecing customer project related to build of joint corporate treasury system. It was existing legacy system used FTP server connections and SAS Institute processing server to get for 12 reporting entities capability to consolidate data into net financial position. The task we had was a selection of treasury menagement system and Tresury Intelligence Solutions (TIS) was considered as compared to SAS, Sungard, Wall Street Systems, SAP which will lead not only for consolidated dash board tracking but to active use and adopt best risk management practise on market applicable for mining industry operating in 4 jurisdictions (UK, Switzerland, US, EU) and 7 countries. So the aim is to switch from passive to active cash flow management strategies and reduce manual data processing.
Pros
Based on experience of large insitutions (Deutsche Bank, UBS, HSBC)
Payment details verification of counterparty to avoid errors
Multiple account data consolidation
Compliance module: track data
More then 140 counties available to integrate accounts (local IBAN accounts)
Readable dash board
Different treasury roles set up
Cloud security
Available API
Master user account
Cons
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
Likelihood to Recommend
Treasury Intelligence Solutions is applicable to your corporate treasury financial position managment: 1) get consolidated data from more then 140 locations 2) distribute and allocate payments 3) available balances transfer to corporate center or an offshore cash accumulation center. Weak point is daily hedging capabilities: 1) see VaR simulation e-o-d 2) send request to get swaption line through blanc financing line 3) see credit limits for your entities 4) UST treasury bonds trading 5) counterparties credit risk search 6) offerings from insurance companies online - if you have entity acting in freight broker business.
It is being used by our largest business unit representing over 70% of sales. It addresses payments and visibility to our bank accounts.
Pros
TIS connection to banks is best in class.
TIS has an excellent user interface that is easy to navigate.
TIS has good payment functionality.
Cons
TIS could work on a app for the phone.
TIS could have more robust authentication of user.
Likelihood to Recommend
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.
Treasury Intelligence Solutions has features that increase the speed of making outgoing payments with financial data and prices. It is software that is capable of robust cash flow analysis and also improves liquidity and cash management. Financial risks are small thanks to the implementation of Treasury Intelligence Solutions, it is really possible to have a better financial status with this treasury tool. The data analysis is in real time and this is the reason for the current financial success.
Pros
Robust liquidity improvement.
Reduction of financial risks.
Cons
This treasury tool has guaranteed robust liquidity, cash management, outgoing payment compliance, real-time financial data analysis and this is enough to make you want to continue using this robust tool.
Likelihood to Recommend
With this robust treasury tool it is very easy to increase the speed of financial operations with, for example, outgoing payments and cash flow analysis management. Liquidity is not a problem thanks to Treasury Intelligence Solutions, we are confident in this tool to fulfill the most important operations of outgoing payments. I can also recommend it because it is very simple to use and it also has a very simple application.
We are using it across several companies codes. It was the key tool from Treasury. In order to combine all elements and functions from a treasury, perspective is needed. We are mainly working with H2H connections for reporting (CAMT.053 integration) and payments (PAIN file). The TIS interface allows us in the TIS web portal to have the H2H allow transactions for our banks. We are routing the SAP ERP mass payment through there. Flexible approving with 2 step approvals. We also now move our Excel-based Payroll uploaded files into TIS, being able to separate the approvers for this. One of the important pieces is the reporting part of MT940 & CAMT files. We need to somehow download daily thousands of files for our SAP, which are then automatically reconciled within SAP. Downloading 500+ bank statements would be impossible daily, or needs a larger workforce. Uploading Payment batch files or direct debit batch files manually to separate portals is either way the same time-consuming task. Further, other files with different purposes are also downloaded via the SFTP servers. For example, Lockbox files or Check images. These are items that have made us much more efficient.
Pros
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.
Cons
User-friendliness in some areas could be improved. A function that explains buttons would be nice, similar to how it is in SAP with F1. But indeed you can find this on the support portal.
It is missing the Business Discovery Manager. This will solve many questions, so I cannot complain if we are missing a critical dashboard part of TIS. The logic of Master data and download of the same is done nicely. I would like to build my own report with this, but we would be back to BDM functions.
The BTM transaction monitor is its greatest strength, but also is a large jungle of entries. You can get lost in there. The deletion function should be upgraded if possible, [because] it's not the easiest to do a mass deletion.
Filtering of accounts that need to be assigned to the BANK link. It's only a small thing but can be super annoying every time it selects the first bank entry by default.
Likelihood to Recommend
There are several types of server connectivities based on the companies' requirements for how TIS can be used. For example EBICS, FTP, SFTP for MT940, CAMT and PAIN file migrations, and many more. We are doing this, which helps the daily business and has solved the business need. TIS is well suited for all main treasury-related topics of reporting and payments integration. For some cases like Lockbox handling of BAI files, TIS is not able to display items, it is only a forwarding server agent. This does not matter though, as we are then forced to implement and read the file in SAP, which is the main purpose. Same with ZENGIN files in Japan or simply the image attachments of check files. We are not exploring PSP settlement file technology, [otherwise] we would potentially use TIS as a forwarding client. We are trying to map out of an excel file a CAMT.054. Many PSPs don't provide that service, which could be a market for TIS. This is particularly interesting when you are using CAMT.054 for the SAP reconciliation.
Treasury Intelligence Solutions (TIS) is our preferred tool for Bank connectivity globally.
Pros
Treasury Intelligence Solutions (TIS) system helps us standardize our payment processes.
Treasury Intelligence Solutions (TIS) reduces the admin task related to online banking/access to multiple banks and improves the overview at the same time.
Treasury Intelligence Solutions (TIS) is connected to a large number of banks and has a large format library that makes it fast and easy to connect to banks.
Treasury Intelligence Solutions (TIS) gives an overview of liquidity / Cash Positions on a global level.
Responsive support function.
Cons
The BAM module could be more flexible and easier to use.
Perhaps the system looks a little old fashioned.
Likelihood to Recommend
If you are in a situation where you want or need to get in control of the payment system and your company does not want or does not have the expertise to set up payment formats etc., Treasury Intelligence Solutions (TIS) is certainly a great option. We originally started with SAP connectivity. Today we have also connected Oracle, Navision, and a few other systems.
