TIS - Enabling European Cash Pooling.
I helped select TIS at one of my clients to solve the following: Mapping many different files from various ERP systems. Banking …
Overview
What is Treasury Intelligence Solutions (TIS)?
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…
Recent Reviews
How Treasury Intelligence Solutions (TIS) Differs From Its Competitors
Awards
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Popular Features
- Treasury Management Payments (5)8.181%
- Bank Account Management (5)8.181%
Reviewer Pros & Cons
Director and Founder
Huntergate Consulting (Information Technology & Services, 1-10 employees)
Pricing
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Unavailable
What is Treasury Intelligence Solutions (TIS)?
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…
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- No setup fee
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- Free Trial
- Free/Freemium Version
- Premium Consulting/Integration Services
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Features
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Product Details
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- Integrations
- Competitors
- Tech Details
- Downloadables
- FAQs
What is Treasury Intelligence Solutions (TIS)?
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 users to improve performance in key areas surrounding cash forecasting, working capital, outbound payments, financial messaging, fraud prevention, and payment compliance.
TIS boasts over 11,000 banking options, $80 billion in daily cash managed, and $2.5 trillion in annual transaction volume, and market expertise with tailored client and community feedback to drive digital transformation for companies of all sizes and industries. Organizations and practitioners use TIS with the goal of monetizing data, improving operational efficiency, and better managing risk.
For more information, visit tispayments.com .
Treasury Intelligence Solutions (TIS) Features
Treasury Management Features
- Supported: Cash and Liquidity Management
- Supported: Financial Fraud Prevention
- Supported: Treasury Management Payments
- Supported: Bank Account Management
- Supported: Treasury Risk Management
- Supported: Treasury Reporting
- Supported: Liquidity Forecasting
- Supported: Market Data
Additional Features
- Supported: Cash Forecasting
- Supported: Working Capital
Treasury Intelligence Solutions (TIS) Video
Introducing the TIS Service & Solution Suite
Treasury Intelligence Solutions (TIS) Integrations
Treasury Intelligence Solutions (TIS) Competitors
Treasury Intelligence Solutions (TIS) Technical Details
| Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Unspecified |
| Mobile Application | Apple iOS, Android |
Treasury Intelligence Solutions (TIS) Downloadables
Frequently Asked Questions
Kyriba, Bottomline Digital Banking and Payments, and GTreasury are common alternatives for Treasury Intelligence Solutions (TIS).
Reviewers rate Treasury Management Payments and Bank Account Management highest, with a score of 8.1.
The most common users of Treasury Intelligence Solutions (TIS) are from Enterprises (1,001+ employees).
Treasury Intelligence Solutions (TIS) Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 0% |
| Mid-Size Companies (51-500 employees) | 20% |
| Enterprises (more than 500 employees) | 80% |
Comparisons
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Reviews and Ratings
(24)Attribute Ratings
Reviews
(1-3 of 3)Companies can't remove reviews or game the system. Here's why
March 13, 2023
Happy Treasury Intelligence Solutions (TIS) customer
Treasury Intelligence Solutions (TIS) is our preferred tool for Bank connectivity globally.
- 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.
- The BAM module could be more flexible and easier to use.
- Perhaps the system looks a little old fashioned.
84%
8.4
- Treasury Intelligence Solutions (TIS) has made it possible to centralize bank connectivity and to connect to all major banks in close to all countries.
- On the negative side Treasury Intelligence Solutions (TIS) is getting more involved when payments go wrong - also in situations where the business should be able to manage and solve themselves...
- Treasury Intelligence Solutions (TIS) does not [have] a global (and instant) overview of all bank accounts in the group.
It has been easier to align processes and to centralize follow-ups.
It has been possible to limit the need for access to local banking platforms and to manage the majority of payments from a single platform.
Have used SAP BCM & Swift connectivity - Treasury Intelligence Solutions (TIS) is a lot easier to use from a user admin perspective.
200
Finance & Accounting across our global setup.
4
Treasury or Accounting background.
- Connecting ERPs to banks (Bank Connectivity)
- Managing Payment formats
- Global overview of bank accounts
- Global overview of users with access to bank accounts
- Treasury have full overview of global cash positions
- It has significantly reduced the need for access to banking portals.
Yes
TIS replace SAP BCM and SWIFT connectivity.
- Price
- Product Features
- Product Usability
I believe that there is more alternatives in the market today compared to when we decided to go with TIS, but at this point I don't think these options are at the same level.
- n.r.
- Implemented in-house
Yes
The initial setup was done Bank by Bank.
- Not all our needs was available when our implementations started, but this was solved within reasonable time.
- Online Training
No, don't see a limited need for configuring the system.
No - we have not done any customization to the interface
No - we have not done any custom code
No.
No.
No
Every time we have a question we get excellent support.
- Approval process
- Manual Payments
- Setup new banks is a little more complex than the ordinary use.
- SAP
- Oracle
- Navision
- Misc. Payroll systems/providers
All in all it has been easy to integrate to all systems - although with variations.
- not relevant
- File import/export
- Single Signon
Due to a large library of banks and payment formats, I would - as for all projects - recommend to make a clear scope before starting a connectivity project.
Yes.
Ensure you have a clear picture of your scope. You often get a better price if you by more in one go (does not only count for TIS).
Yes
TIS is a cloud based system why TIS is doing the upgrade on their side without us needing to be involved.
- Ongoing system improvements
- No particular expectations
- In general that TIS will continue update payment formats etc. when needed
No
No
February 27, 2023
Overall satisfactory. TIS supported e-banking global rollout
Score 9 out of 10
Vetted Review
Verified User
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.
- 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
- Speed of adjustment in non ISO XML formats
- New payment methods eg. BPay or JomPay in Asia
95%
9.5
- This was a compliance project for us. However it delivered some FTE savings. We are unable to quantify
Overall positive. Improved compliance and risk mitigation and it made the overall process more efficient
TIS was the only service provider who offered construction of payment formats based on SAP IDOC. All other service providers were offering only a central payment portal for approval workflow and banking connection leaving construction of payment formats with us.
February 03, 2023
Increasing efficiency through automation
Score 9 out of 10
Vetted Review
Verified User
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.
- 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
- The strengths lie in the connection of ERP systems, not in the creation of manual payments.
76%
7.6
- Through standardisation and automation, less human resource was tied up
- The daily transmission of data (e.g. account balances) to the treasury system has simplified and improved our liquidity planning.
Due to the real estate projects, many new accounts are opened during the month. The technical implementation in TIS is much faster than before. This has accelerated the whole process of connecting a new account.
200
Finances: Accountant, Fund Controller, Treasurer
Manging Directors
Manging Directors
2
- Cash Management
- Bank Account Management
Yes
We have previously used several banking portals as well as two cash management softwares.
- Product Features
- Product Usability
- Implemented in-house
No
Change management was a small part of the implementation and was well-handled
We were able to reflect all changes well with Treasury Intelligence Solutions.
No
Yes