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| ELG Haniel uses TIS Cloud-Platform for Payment ProcessesThe globally operating company from the steel industry chooses the cloud-based platform by TIS (Treasury Intelligence Solutions GmbH) for bank account management, payments, bank statement management and financial analysis.
By: Treasury Intelligence Solutions GmbH Previously, ELG worked with an external software vendor to organize its international payment transactions. The vendor, however, had difficulties with providing some of the payment formats that were needed. As a result, ELG's IT department and Treasury team had to develop the missing formats themselves. "After two years we decided to change over to TIS' cloud-based platform," says Christian Riha, Head of Treasury at ELG. "TIS is the best partner for companies with a variety of international payments needs." With its seamless ERP integration, connections to many banks and an extensive library of payment formats, TIS could offer ELG the solution that best fit its needs. The company acquired the full solution suite from TIS including Bank Account Manager, Bank Transaction Manager, Bank Statement Manager and Business Discovery Manager. The new solution connects a variety of ERP systems with 85 accounts from 32 banks around the world and forwards payments directly to them. With the new payment platform, ELG Haniel can centrally organize its bank communication, statements and payments with all financial institutions worldwide from a single point of contact. About TIS: TIS (Treasury Intelligence Solutions GmbH), founded in Walldorf, Germany in 2010, is a global leader in managing corporate payments. The Financial Times named TIS as one of "Europe's Fastest Growing Companies" for 2019 and 2020. Offered as Software-as- Your world of payments. ONE Login. https://www.tis.biz End
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