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TIS acquires Lanxess as a new customer

LANXESS selected in May the TIS solution and will deploy the BAM (Bank Account Manager), BSM (Bank Statement Manager) and BTM (Bank Transaction Manager) modules throughout the Group.

LANXESS is a leading specialty chemicals group with a turnover of EUR 9.7 billion in 2017 and currently employs about 19,200 employees in 25 countries. The company is present at 74 production sites worldwide. The core business of LANXESS is the development, manufacture and sale of chemical intermediates, additives, specialty chemicals and plastics. LANXESS is also the leading supplier of synthetic rubber through ARLANXEO, a joint venture with Saudi Aramco. With annual sales of approx. 3 billion euros, in 2019 ARLANXEO will establish itself with an independent finance and treasury organization.

Digital transformation is high on the agenda at LANXESS and ARLANXEO. TIS will support both companies in this process.

We are very pleased to welcome LANXESS and ARLANXEO as two more of our Top Customers to our TIS community. Jörg Wiemer, CEO of TIS: “With our state-of-the-art technology, the format library, the deep SAP integration, the transparent pricing policy and the simple implementation of the SaaS solution, we were able to convince LANXESS and outperform our competitors in the selection process. We look forward to a long-term cooperation with our new customers.”

LANXESS recognized in the selection process that an integrable, secure and central cloud solution such as TIS can help reduce costs and reduce manual effort.

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