Item: Treasury Intelligence Solutions (TIS)
Rating: 9
Author: Verified User

Use Cases and Deployment Scope

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 and Cons

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

Return on Investment

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

Likelihood to Renew

We are overall satisfied with TIS as our service provider

Alternatives Considered

Serrala

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.

Key Insights

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?

I wasn't involved with the selection/purchase process

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

Yes

Would you buy Treasury Intelligence Solutions (TIS) again?

Yes

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.

Implementation Rating

Usability

User interface is very easy to use

Overall satisfactory. TIS supported e-banking global rollout

Modules Used

Overall Satisfaction with Treasury Intelligence Solutions (TIS)