NewTech Friday: TIS – Leading cloud-based payments, cashflow and liquidity

TIS (Treasury Intelligence Solutions) is a cloud-based software and service provider that helps organizations simplify and streamline their global payments and cash management operations. Their Co-Founder and Chief Strategy Officer Joerg Wiemer tells Qorus more about the company and shares his opinions and perspectives.


What led to the creation of TIS? 

Thinking back to my days as Global Head of Treasury at the enterprise software company SAP, I remember how a lack of transparency into company cash positions would keep me awake at night. As a treasurer, this was ultimately because I was responsible for managing billions of dollars of company cash, and it was my job to know where all of it was, all of the time. However, without sufficient technology to establish connectivity and automate the process of data collection across all of SAP’s banks, accounts and entities, this visibility component was a constant thorn in my side. 

Looking beyond pure cash visibility, similar issues can manifest themselves in a myriad of other treasury processes, including payment generation and execution as well as cash flow forecasting, working capital management, and more. In the modern ‘digital’ era of treasury and finance, the simple truth is that most pain points experienced by treasury and finance teams relate back to either the insufficient usage or deployment of technology. 

This is the main problem I sought to solve when founding TIS with my partner, Erol Bozak. Before founding TIS, Erol was a longstanding and recognized cloud expert at SAP. This was during the same period that I was serving as SVP and Global Head of Treasury. It was during this time together at SAP that Erol and I developed a shared vision regarding the future of cloud technology as the new standard for payments and cashflow management. This mutual understanding eventually led to our founding of TIS in 2010.

Drawing upon the technology prowess and subject matter expertise we had accumulated to that point, Erol and I began developing a cloud/SaaS platform capable of providing businesses with unprecedented control of, and visibility to, all their bank account information, financial transactions, cash positions and payment processes. 

Today, our vision has become reality, and the TIS solution is the embodiment of these efforts to alleviate the complexity that often comes with managing global payments and cash flows. And as we continue to innovate and grow, the benefits for our clients are proving to be transformative.