Digital Finance and TIS Become Partners
Spanish consulting firm supports companies in implementing digital transformation through the use of the TIS payment transaction platform
Walldorf, March 26, 2019. TIS is strengthening its commitment to the Spanish market by means of a partnership with Digital Finance, Madrid. The founders of Digital Finance, formed in 2018, have 20 years of experience in the areas of finance, treasury, and SAP consultancy. The firm supports companies in implementing the digital transformation of their financial systems, using new technologies as a supplement to classic ERP solutions. In the future, this will be TIS’ cloud-based platform when it comes to the management of company-wide payments, liquidity, and banking relationships. A corresponding partnership agreement has now been signed by both companies.
The advent of new cloud, artificial intelligence, and RPA technologies means that we are moving away from the traditional ERP system with its monolithic functional coverage toward open platforms for cloud solutions. These integrate easily into the ERP by means of open interfaces (APIs) and supplement it by means of best possible solutions. This results in a comprehensive solution to the problem as a whole for the customer (“best of breed”). The TIS cloud platform is a leading product in the area of payments. It standardizes and automates payment and statement processes, as well as providing the CFO and treasurer with reliable and timely information that can be used as the basis for automated and efficient financial practices. This enables CFOs to focus even more strongly on the strategic and analytical tasks of the company.
This was the reason why Digital Finance chose TIS as a strategic partner in the area of digital payments. Alberto Renedo, CEO of Digital Finance: “TIS fits the needs of our customers perfectly. The Cloud solution makes it possible for them to reduce risks, and to simplify and centralize payments. It gives you a complete overview of all your payments, regardless of complex corporate structures.”
All banks can be quickly and easily integrated into the cloud platform, without expensive implementation activities. This shortens the market launch time and maximizes the ROI. “We have found the perfect partner in TIS: a reliable, focused, and innovative company, whose origins, like ours, lie in SAP ecosystems,” explains Enrique Zorrilla, CSO of Digital Finance. “This means that the TIS platform is a product that is based 100% on SAP, which represents an additional guarantee for our customers, many of whom are SAP users.”
Jörg Wiemer, CEO of TIS: “We welcome the partnership with the experienced and well-connected experts at Digital Finance and are pleased to support Spanish partner with our solutions for the management of company-wide payments and liquidity. The partnership also means an expansion into southern Europe for us, which will further accelerate our strong growth.”
TIS (Treasury Intelligence Solutions GmbH) based in Walldorf has been combining experience and competence in financial planning since 2010, with particular expertise in cloud computing. The result is the TIS solution: a comprehensive, highly scalable cloud platform for managing company-wide payments, liquidity, and banking relationships worldwide. TIS enables SMART PAYMENTS to help the customer make better decisions by analyzing financial and operative performance on the basis of the real time of the payment flows. The TIS solution has been successfully used for years in medium-sized and large companies, such as Fresenius, DACHSER, BearingPoint, Heidelberger Druckmaschinen, Marquard & Bahls and Swiss Airlines. TIS provides Software-as-a-Service (SaaS) and offers internationally operating customers key advantages, such as lower costs, risk prevention, a higher degree of transparency, shorter integration times, fast worldwide roll-outs and smooth updates. The high level of security and deep integration of the platform with existing ERP systems are attested by the ISO-27001, SOC 1 and 2, as well as SAP certifications. Financial Times and Statista recognize TIS as one of Europe’s Fastest Growing Companies 2019.