Access 140+ Currencies in 170+ Countries to Easily Manage FX & Cross-Border Payments
TIS offers a suite of cross-border FX payment capabilities for organizations directly within our online platform. Using the APIs and direct connections we’ve developed internally and with our partners, TIS clients can use our platform to execute payments across more than 140 currency options and 175 local market exchanges. Access to these currencies and markets is highly beneficial because using localized channels to execute and deliver cross-border payments can help companies to avoid the expensive FX fees and unfavorable exchange rates that are incurred when initiating international payments in USD or through the correspondent bank model.
Today, TIS manages more than $2.7 trillion in annual payments volume on behalf of our enterprise clients and connects to more than 85,000 bank accounts, 40,000 entities, and 35 million unique beneficiaries. The result is that organizations of any size, industry, or complexity can use TIS to automate, standardize, and simplify their outbound payments workflows.
140+ Global Currencies Supported
TIS currently supports more than 140 currencies and will continue to add new options as dictated by our clients’ requirements. Today, TIS manages more than $2.7 trillion in annual payment volume across SWIFT, EBICS, and many other channels.
175+ Countries & Local Format Support
TIS can execute payments across more than 175+ countries using local currencies, with streamlined processing via localized rails and channels. This includes compatibility with all required formats and standards in use across each associated country and region.
Reduced Processing & Conversion Fees
With the ability to conduct cross border payments in local currencies, TIS users can achieve significantly lower FX rates and conversion fees compared to traditional channels and transaction networks.
Cross-Border Data & Payments Automation
Regardless of the countries, currencies, or channels used by organizations to manage their global payments, TIS can manage connectivity on their behalf and streamline reporting of all data and analysis through our single, unified platform for easy visibility.
Intuitive & Visual Reporting Features
The TIS platform provides a singular interface for monitoring and visualizing payments activity and cashflows, but also can transmit payment files, bank statements, and financial reports to ERPs, TMSs, and other systems for further visibility across other teams.
Enable 360-Degree Payments Visibility & Control
The FX and cross-border payment solutions by TIS can be combined with our broader bank connectivity & financial messaging services for 360-degree visibility and control over all payments and cashflow activity.
Award-Winning FX & Cross-Border Payment Capabilities
TIS FX and cross-border payment solutions are actively leveraged by numerous Fortune 500 companies, many of whom have been recognized through recent industry awards ceremonies for their ability to transform their cross-border payment, bank connectivity, and financial messaging capabilities to save both time and money.
ContourGlobal Payments & Banking
See how ContourGlobal’s treasury team used TIS to complete a comprehensive bank connectivity project involving 60 banks and 800 accounts in under 9 months.
Siemens Gamesa Payments & Banking
See how Siemens Gamesa used TIS to harmonize their extremely complex and siloed Treasury system landscape on a global scale, across all 235 legal entities and 85 countries.
TeamViewer Payments & Banking
This success story showcases the technology transformation achieved by TeamViewer and their small 2-person treasury team. Project highlights include 96%+ daily cash visibility and 90%+ global payments automation.
“For several years now, we have been using TIS to manage global bank connectivity and payment workflows across 20+ banks and 40+ countries. Now with their integrated FX payment tools, IFAW can enhance our cross-border payments activity to incur less fees in each region we service. So far, we have been very satisfied with the results.”
John Kluza, Group Treasurer, IFAW
“The In-house Bank we built based on SAP APM and with the help of TIS has set a new benchmark in terms of automation and visibility of cashflows and payments. It allowed us to close down approximately 600 bank accounts. This whole project would not have been successful without the innovation skills and flexibility of TIS.”
Michael Faschang, Head of Treasury Systems at Siemens Gamesa
“With TIS, we found a flexible and scalable solution that addresses our global enterprise payments, bank connectivity, and cash management needs perfectly. Not only has TIS established seamless connectivity between all our existing banks, accounts, and back-office systems, but they’ve also introduced an easy integration approach for managing future M&A activity across new systems and banks. We are very satisfied with the result.”
Sabine Kießling, Director of Controlling & Treasury, TeamViewer
Frequently asked questions (FAQs) about our FX payment capabilities
The TIS team regularly fields questions from CFOs, treasury, and finance practitioners regarding the use of our FX payment solutions and the benefits and advantages they bring. More information about components related to hosting, configuration, setup, reporting, integrations, and more are covered in the FAQs below. We encourage you to contact our team with any additional questions to ensure you understand exactly how our solution can be applied in your unique environment.
