Treasury Intelligence Solutions (TIS) Review
Updated March 10, 2023

Treasury Intelligence Solutions (TIS) Review

Andrey Lokshin | TrustRadius Reviewer
Score 9 out of 10
Vetted Review
Verified User

Overall Satisfaction with Treasury Intelligence Solutions (TIS)

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
  • Neutral. The project of rebuilding and treasury automation for our client is ongoing.
  • We expect 10-20% less treaury headcount will be needed to process data.
  • No hardware costs needed for Treasury Intelligence Solutions (TIS) cloud.
We meet new offering from TIS which fit basic corporate treasury demand at moderate pricing level. It is cloud based, works stable and we suppose will evolve at full cycle treasury management solution (VaR simulations, counterparties rating, fixed income and swaption accounts use).
Neutrally. It just makes flow error less. Reduces risks of errors or inproper in terms of complience counterparty (sanctions lists) but it did not manage volatility (VaR, Montecarlo simulations and Swaptions use for credit lines ) neither manage counertparty credit risk. If it is not available to show banks credit list to 3 party, I guess it is possible to set marker f.e. L/C available (letter of credit counterparty can open at you behalf). That market will be worth of a thousand words and a couple of procedures.
We are planing 10% treasury department headcount decrease in 2024.
Depends on stage of the project if it will be postponed in 2023. Se la vie. Will be happy to go on.
Treasury Intelligence Solutions (TIS) is fully cloud based (versus Sungard, Wall Street Systems) and covers most cruicial functionality: cash collection from multiple subsidiaries and distribution. It does not fit well with cash balances risk management but the system (Treasury Intelligence Solutions (TIS) is evolving and will grow to full scale treasury tool. Best choise for middle sized company to manage flow for several subsidiaries via Master User role in system. There is API, it makes you plan further integrations and data connectivity.

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

Yes

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

No

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

Yes

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

No

Would you buy TIS (Treasury Intelligence Solutions) again?

Yes

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.

TIS (Treasury Intelligence Solutions) Feature Ratings

Treasury Management
8.5
Cash and Liquidity Management
10
Financial Fraud Prevention
8
Treasury Management Payments
10
Bank Account Management
10
Treasury Risk Management
7
Treasury Reporting
7
Liquidity Forecasting
8
Market Data
8

Using Treasury Intelligence Solutions (TIS)

5 - SAP emplementation outstaffed team (pm, ba, developers, strategy analyst) to serve out customer need of establishing treasury management function. The problematics have arrived to us is that problem is more in commercial field: 1) should you pay for 2 separate projects of ERP sytem and Treasury management system OR 2) should you buy ERP system which includes TMS functionality and risk management module. That is what sometime leads to mismanagement or delays in implementation we are witnessing in respect to TIS customer decision.
It is mostly for side of full time staff of our customer. We are remote ousourcing center with extensive expertise in treasury managemet, ERP systems, SCADA and big data processing. The main benefit of Tresury Intelligence Solution is that it is cloud native solution, so 1) the mainetnance of it is optimised for number of personnal versus on-premises system 2) TIS is expanding functionality organically [first payments and net position management next forecast and compliance tools], each step is well tested and all customer experience appraised before launch of next stage for improvment. It gives the most valuable for treasury feature - reliability, in brief - the cash balance you see is precision quality figure and you can trust it. TIS does not want to impress you with a kind of magic or promises, it gives you core functionality cruitial for tresury - money at the end of day, week, any eop. We will learn more about certifications and probably offer to help with support.
  • consolidated cash balances and net financial position monitoring
  • cross payments for the group of companies
  • control of payment function from joint corporate center
  • wide variety of bank accounts and regions are supported
  • SAP sertified partner / matches to existing ERP systems
  • we expect to deliver through API full connectivity to ERP
  • we expect to merge the custodian accounts functionality
  • we expect to estabish IFRS MATURITY reporting for A/P A/R
  • we expect to establisv IFRS FX Exposure for cash balances [prompt update]
  • we expect to establish CAPEX control module
  • we expect to establish working capital functionality to track logistical issues [Amazon Transportation Cloud]
  • we are going to set scenario management tools "what if"
  • looking for API to get credit risk tools imported

Evaluating Treasury Intelligence Solutions (TIS) and Competitors

Yes - We had as an outstaffed team to deal with separate options of systems been legacy one. We experiences migration from Oracle based TMS to TIS, migration from Bitrix to TIS, SAS Institute FTP exchange to TIS, SAP Small Business to TIS. Those systems does not have such extencive coverage of locations and banks to be integrated that is why it took time to add counterparty and lead to errors or missing data.
  • Price
  • Product Features
  • Product Usability
  • Product Reputation
  • Prior Experience with the Product
The most important factor is reliability of core treasury functionality - errorless, stable, cloud native and fast payments execution. The most important functionality for tresury is to make payments in rhytmic manner according to forecast, detect deficits and rapidly act to cover with credit facilities. The works well in TIS. The next stage TIS I suppose will improve risk management functionality.
No, it it true, but I would like to get a kind of wow fator to revert with TIS risk management updates. It would be great if implemented the functionality. So, less reliable on cost control companies (servieces, logistics) who does not need to implement ERP would focus more on Tresury Intelligence Solutions as core liquidity management provider. The industrial companies are more focused on ERP so it will be hard to choose two systems for one business process, meaning more time and money invested.
  • FinTech solutions: sold package of banking serviece and TIS SaaS
  • Ripple accounts integration
  • Custody accounts integration
  • Derivative accounts integration

Treasury Intelligence Solutions (TIS) Support

ProsCons
None
None
We are outstaffed team so we do not make final decision about premium support. I suppose it makes sence, but not only for technical issues but with the domain knowledge of bankig, treasury, GAAP, risk management and business intelligence. I would name in this case Support as a Serviece - customer will get ipact of a team member size but for the fraction or serviece price.
The main and exceptional support is - large quantity of users, so there is much of users who know the TMS and every your new team member with 50% is aquainted with it and ready to work from start reducing onboarding period.
We did not have any enquiery related to internal TIS business process application only for external integrations meaning customer satisfaction with current state.

Using Treasury Intelligence Solutions (TIS)

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.
ProsCons
Like to use
Relatively simple
Easy to use
Technical support not required
Well integrated
Consistent
Quick to learn
Convenient
Feel confident using
None
  • Cash management of group of companies
  • New accounts integration
  • Cash balances tracking and forecast
  • Manage payments from joint treasury
  • Spreadsheet formate and visualisation of data
  • Value at Risk
  • Derivatives exposure tracking
  • Automated financial instruments transactions
  • Scenario analysis

Integrating Treasury Intelligence Solutions (TIS)

Integration is at onging stage and facing copetitive offer from ERP system provider. It is more financial question and we expect the continuos use ot TIS until complete integration. It makes good cash management function but for the scenario updates you need to upload via API data and use for considerations. Parallel work - one in ERP or Excel, upload into second system for TIS.
  • SAP HANA
Full integrated, but 2 systems for 1 business process.
  • Custodian accounts
  • Derivatives accounts
  • Trading systems to import transactions
  • RPA automations for TIS
Yes, sure. The all of the best but depends on available budget.
  • File import/export
  • API (e.g. SOAP or REST)
Banking API with FIX/FAST protocol support. Trading platforms with Python API to automate transactions. Clearing member of ICE, CME, NYMEX to opt the use of currency options and track and automate securities transactions to trade overnight. Informationa systems providers with tick data for currencies to track exposure on accounts, with at least one hour delay or 15 minutes time frame.
Try it. Money never sleep so until you implement large, compatible ERP system you will enjoy your succesfull cooperation with TIS team and easy and reliable use of Tresury Intelligence Solutions. It is reliable to operate with cash flow of group of companies, has API capabilities, nice visualisation and efficient learning curve for your staff to be capable of quick and rational decision making with its help.

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