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TIS successfully concludes business year 2013 and sets trends in Treasury management for 2014

Many companies will remember 2013 as the "Year of the SEPA migration". One of those profiting from this is the Walldorf headquartered company TIS with its SEPA "Out-of-the-Box" solution. Early on, TIS foresaw the treasury trends of today and offered cloud-based payment transaction systems that include solutions matched to the current needs in mandate management, bank account management, bank transaction management and bank fee controlling. Numerous new customers confirm that the company chose the path to success.

TIS is the leading cloud platform for management of enterprise-wide payment processes ranging from liquidity control to bank relationship management. The SEPA "Out-of-the-Box" solution from TIS processes all major bank connection protocols, channels (Host-to-Host, SWIFT or EBICS) and formats and automatically converts these to conform to the applicable SEPA guidelines. An integrated Direct Debit mandate management system centrally monitors and controls all global mandate processes. In 2013, a great number of companies exploited this option to make themselves SEPA-ready without the need for tedious and complicated IT projects.

Globally active concerns, such as DACHSER, Fujitsu Technology Solutions GmbH, Heidelberger Druckmaschinen AG and Swiss International Air Lines, are already daily using TIS solutions and profit from decreased costs and increased transparency in their international payment transactions as well as in the administration of their bank accounts. Within the framework of its SAP roll-outs in 2013, the logistics service provider DACHSER implemented the TIS Cloud Platform for payment transactions with many countries – Switzerland, Denmark, Sweden, Norway, Austria, the Czech Republic and Hong Kong. Additionally undertaken was a SEPA project involving migration of a multitude of bank accounts, principally in Germany.

TIS was also able to win over many other well-known medium-sized enterprises as new customers in Germany during 2013. These companies employ the TIS Cloud Platform to centralise their payment transactions and thereby put into practice straight-through processing, cashflow transparency and adherence to compliance guidelines. TIS likewise augmented its international clientele, for example, when Tullow Oil in the UK opted for integration of TIS products in its operations.

Last year, TIS expanded its cloud-based payment transaction platform to include mandate management. In doing so, mandates are completely liberated from the ERP system(s) and bundled in a payment transaction solution that runs as a central process. The TIS Cloud Platform thus enables companies to centralise their mandate management in an audit-proof manner and irrespective of the ERP system(s) used.

The highest priority of TIS is the security of its cloud solutions: As a result of ISO 27001 certification, the TIS Cloud Platform meets the highest industry standards. Compliance to demanding international security standards is guaranteed by regular testing and auditing of an information security management system (ISMS).

In order to inform new customers and interested parties about current topics, TIS regularly stages webinars with external experts. Details and registration information are available at http://www.tis.biz/de/events/tis-webinare/.

About TIS

Founded in 2010, Treasury Intelligence Solutions GmbH (TIS) develops, sells and operates solutions for international payment transactions, liquidity management and bank relationship management. These are suited for companies with multiple bank connections who want to better manage their cash flow complexities. Thanks to complete implementation as Software as a Service solutions, the cloud solutions from TIS are simple to use and up-and-running quickly without any tedious IT projects or high upfront costs. Behind the scenes of TIS is a team of dedicated, competent and experienced Treasury experts, software architects, developers, sales professionals and SaaS solution operation specialists as well as managers with international experience. As an official SAP Partner, TIS is certified to ISO Standard 27001 (information security).

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