Treasury reporting experts TIPCO have partnered up with Treasury Intelligence Solutions (TIS), specialists in cash payments, liquidity and bank relations, to help corporate treasurers speed up communications with banks and subsidiaries.
The two companies intend to combine their specialisms in ERP integration and Treasury Information Platform (TIP) reporting, in order to make life easier for treasury management system providers. The aim is to increase cooperation and communication all along the chain, making payments and reporting easier and ultimately creating a win-win situation for central treasuries and their subsidiaries.
The partnership is seen as an important development for TIS, which has recently announced a string of high profile clients including VW, Staples and Fujitsu.
“For some time now we have been experiencing strong demand for a smart ‘Best of Breed’ solution, which draws on the complementary strengths of both TIS and TIPCO“, said Jorg Wiemer, CEO of the Germany-based TIS. “Our solution quickly reduces costs and risks without complexity, while also increasing the visibility and control of cash flows and other financial data.”
Hubert Rappold, Managing Director of TIPCO, added: “I consider TIS to be the perfect interface between companies and their banks”.
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