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Implementation underway, but so far so good
February 03, 2023

Implementation underway, but so far so good

Nicolas Garcia | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Treasury Intelligence Solutions (TIS)

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
  • Connectivity
  • Payments Visibility
  • Swift Service Bureau
  • reduced IT costs
  • increase payment visibility
It has reduced IT costs to configure transformation of payment files for multiple banks in a large number of countries. It will also reduce the reliance (and associated risks) with using bank portals for payments
It allows us to better understand volumes and payment types, that allows to better manage our working capital as well as the fees charged by banks to execute payments
It provides centralization for payment execution, simplifying workflows and simplifying training for users, as now it's only one system instead of multiple banking platforms
We evaluated a number of vendors including Kyriba, Fides and FIS-Trax. Ultimately Treasury Intelligence Solutions (TIS) was the solution of choice given a combination of better fit-for-purpose and pricing, although there are other technologies out there that could have supported our requirements

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

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

Integrating Treasury Intelligence Solutions (TIS)

So far we have only connected Treasury Intelligence Solutions (TIS) to one system (at least 4 more to come), but integration was relatively straightforward