TIS launches Enterprise Payment Optimization (EPO)

A platform for global payments that breaks down business silos and provides needed visibility into people, processes, and data
By: Treasury Intelligence Solutions GmbH
Tis Logo June 2021
Tis Logo June 2021
CAMBRIDGE, Mass. - June 9, 2021 - PRLog -- TIS, the leading cloud platform for managing corporate payments and cash flows today announced the launch of Enterprise Payment Optimization, a smart platform ecosystem that increases capabilities and lowers risk for multinational corporations. Focusing on outbound payments and the data resulting from these transactions, EPO enables organizations to capture and manage real-time cash flows and information. EPO is the orchestration layer to support financial strategies, business transformation, and successful collaboration across an entire organization.

Reimagining the world of enterprise payments

Every day, global enterprises collect millions of inbound payments from customers around the world, while simultaneously generating massive volumes of outbound payments to suppliers, employees, as well as to settle treasury transactions. To complicate matters, these inbound and outbound payments can look very different across an organization, especially for those that operate in numerous countries, markets, and industry verticals. Different currencies may be involved, and enterprises with subsidiaries or localized business units may use a separate set of banks and systems to manage payments across each location. This all adds significant complexity each time a new business is acquired, established or sold.

In the world of payments, a lack of visibility and automation impacts liquidity, profitability, and increases risk exposure - including cybercrime and fraud – across all associated business units, departments, and systems. A systematically controlled payments workflow is managed by TIS for both inbound information and outbound payments. No matter where a corporation operates, TIS provides global payments connectivity by creating and maintaining compatibility with all required formats and banks, allowing organizations to connect with any bank partner or entity in the world. TIS's EPO platform is a global, multi-channel, and multi-bank connectivity ecosystem for payments while providing robust bank account management, cash management, compliance, and security features.

Jennifer Knutel
Location:Cambridge - Massachusetts - United States
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