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Happy Treasury Intelligence Solutions (TIS) customer
Updated March 13, 2023

Happy Treasury Intelligence Solutions (TIS) customer

Palle Dedenroth | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Treasury Intelligence Solutions (TIS)

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.
  • 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.
All in all the solution solves our needs.
Have used SAP BCM & Swift connectivity - Treasury Intelligence Solutions (TIS) is a lot easier to use from a user admin perspective.

Do you think Treasury Intelligence Solutions (TIS) delivers good value for the price?

Yes

Are you happy with Treasury Intelligence Solutions (TIS)'s feature set?

Yes

Did Treasury Intelligence Solutions (TIS) live up to sales and marketing promises?

Yes

Did implementation of Treasury Intelligence Solutions (TIS) go as expected?

Yes

Would you buy Treasury Intelligence Solutions (TIS) again?

Yes

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.

Treasury Intelligence Solutions (TIS) Feature Ratings

Treasury Management
8.4
Cash and Liquidity Management
8
Financial Fraud Prevention
8
Treasury Management Payments
9
Bank Account Management
9
Treasury Reporting
8

Using Treasury Intelligence Solutions (TIS)

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.

Evaluating Treasury Intelligence Solutions (TIS) and Competitors

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.

Treasury Intelligence Solutions (TIS) Implementation

  • 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.

Treasury Intelligence Solutions (TIS) Training

  • Online Training
The training addressed our needs.

Configuring Treasury Intelligence Solutions (TIS)

Fits fine to our needs.
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.

Treasury Intelligence Solutions (TIS) Support

ProsCons
Quick Resolution
Good followup
Knowledgeable team
Problems get solved
No escalation required
Immediate help available
Support understands my problem
Support cares about my success
Quick Initial Response
None
No.
Every time we have a question we get excellent support.
Response time is always quick.

Using Treasury Intelligence Solutions (TIS)

A well functioning system.
ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
Familiar
None
  • Approval process
  • Manual Payments
  • Setup new banks is a little more complex than the ordinary use.

Treasury Intelligence Solutions (TIS) Reliability

Integrating Treasury Intelligence Solutions (TIS)

Integration to SAP is easy. Integration to other systems involves a few more steps and more IT involvement, but once done it works well, too.
  • 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.

Relationship with Treasury Intelligence Solutions (TIS)

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).

Upgrading Treasury Intelligence Solutions (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