The partnership is designed to help customers to improve global payment processes and visualize, analyze, and act on their cash positions with secure and automated data integration between Yonyou and TIS.
Beijing/Walldorf, April 29, 2022 — Yonyou, the #1 Cloud Services and ERP Solutions Provider in Hong Kong, China, and Asia-Pacific, today announced its partnership with TIS, a leading cloud-based payment provider. The deal enables Yonyou and TIS customers to benefit from new global payment capabilities and data integration between Yonyou’s cloud-based ERP platform and TIS’s enterprise payment optimization (EPO) platform. The integrated workflow will help eliminate the challenges of relying on various siloed systems to accomplish business-critical payment, treasury, and accounting tasks.
With this partnership, the Yonyou platform will utilize an application programming interface (API) to exchange data with TIS’s payment platform. This data includes bank statements and payments (accounts receivable, accounts payable, payroll and treasury), along with bank confirmations, automated fraud detection, sanction screening and general ledger (GL) journal entries.
The integrated payment workflows and data visibility across cash balances and transactions gives Yonyou and TIS customers the ability to streamline processes, reduce risks and to make better decisions based on enhanced data visibility.
“As the office of the CFO accelerates risk reduction and digital transformation initiatives, Yonyou and TIS deliver an especially compelling cloud-based solution with new payment capabilities,” said Fang Yun, CIO of TOS Business Unit at Yonyou Group.
“TIS continues to leverage its well-earned reputation as a leading enterprise payment optimization platform. We are proud to partner with Yonyou and look forward to deliver efficiency and performance gains to a fast-growing customer community,” said Joerg Wiemer, Co-founder and CSO at TIS.
Founded in 1988, Yonyou Network Technology (600588.SS) has been leading the enterprise services market for 33 years. Yonyou is currently the No. 1 provider of enterprise cloud services in China and the world’s leading enterprise management software and cloud services provider, offering tailor-made Enterprise Resource Planning (ERP) software and Software as a Service (SaaS) solutions. Yonyou has been recognized by Gartner as the top 10 ERP providers in the world, and ranked by IDC as the largest enterprise management software provider in China.
TIS is reimagining the world of enterprise payments through a cloud-based platform uniquely designed to help global organizations optimize outbound payments. Corporations, banks and business vendors leverage TIS to transform how they connect global accounts, collaborate on payment processes, execute outbound payments, analyze cash flow and compliance data, and improve critical outbound payment functions.
The TIS corporate payments technology platform helps businesses improve operational efficiency, lower risk, manage liquidity, gain strategic advantage – and ultimately achieve enterprise payment optimization.
We’re on a mission to set a new industry standard for business-to-business payments. Since 2010, TIS has been combining its treasury management heritage with cloud architecture and bank connectivity expertise to help global corporations, banks and consulting firms optimize outbound payment processes.
TIS (Treasury Intelligence Solutions)
Stefan Kleine, Director of Marketing
m: +49 170 767 24 35