TIS and Ebury Join Forces
New partnership to achieve global visibility and transparency for growing companies´ payment processes in foreign currencies
Walldorf/London, April 2, 2019. TIS (Treasury Intelligence Solutions GmbH), a global leader in cloud-based corporate payments, today announced a partnership with Ebury, one of Europe’s fastest-growing FinTech companies. Together, both companies will develop an integrated solution comprising Ebury’s FX, payments and multi-currency accounts services and the TIS multi-banking platform.
The ideal corporate payments process is transparent and centralized – one ERP in the front end, a manageable number of bank accounts and affiliated banks, with vendors and customers using the same currency. We know that this is the objective of every finance organization but it rarely happens in reality.
In a globalized world, growing companies more often are running remote entities and de-centralized payment processes. Local subsidiaries do not always ask their headquarters for advice on how to settle a payment in a foreign currency they have no funds or no account for. As a result, the central treasury department has less control over the company-wide payment processes.
To achieve global visibility and transparency and to help corporates reduce FX spreads, TIS has teamed up with Ebury to settle these types of transactions at competitive rates, offering the option to save its customers millions of Euro per year across the whole customer base. With the joint offering, the TIS platform enables customers to manage all these transactions in a standardized and efficient way. Automated rule-based routing, determined by the currencies in use, enables customers to elevate hidden FX transactions to central treasury and redirects them to Ebury for standardized settlement at lower cost.
With the TIS platform, Ebury customers benefit from seamless straight through processing from various ERP Systems to Ebury. They will have full cost transparency, cost savings (fees and FX spreads) and fund payments from the original account in order to streamline reconciliation.
Jörg Wiemer, CEO of TIS: “We welcome the partnership with a successful, fast growing Fintech and are proud to achieve together global visibility and transparency as well as lower costs for our customers.”
Juan Lobato, CEO of Ebury: “We view the partnership with TIS as strategic where together we are offering a solution that helps corporations better manage multiple banks while having the integrated access to Ebury’s FX and international payments capabilities at competitive rates.”
Ebury, the global finance specialist, is empowering businesses to trade smarter with the world, using tailored currency services and flexible business funding.
Ebury is one of Europe’s fastest growing FinTech companies, employing over 800 staff across 22 offices. From offices in London, Dusseldorf, Madrid, Lisbon, Paris, Amsterdam, Brussels, Zurich, Milan, Warsaw, Athens, Toronto, Dubai and Hong Kong, Ebury can process transactions in more than 140 currencies – quickly and easily. Regulated as an Electronic Money Institution by the Financial Conduct Authority and backed by the most respected investors in new technologies, Ebury is a trusted partner to clients worldwide.
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.