Structure Payment Approvals & Workflows to Match Your Company’s Exact Requirements
TIS provides flexible and customizable workflows for clients to structure their payment approvals exactly as they’d prefer. This includes supporting the pass-through of payment instructions from ERPs and TMSs, as well as the delineation of user authorizations directly within TIS for managing specific steps in the process.
Admins can add as many signers and approval designations as needed and may also create custom workflows to manage payment authorizations from specific systems and entities, or for certain payment amounts. Applicable users can also gain complete transparency into the status of payments throughout their lifecycle, including whether any potentially fraudulent or non-compliant data is identified.
Add as Many Users & User Groups as Necessary
Admins can specify which users have authority to manage various payment approvals and which users can execute certain payments. As many users and user groups can be added as necessary to support company policies.
Full Back-Office Integration for ERP & TMS Automation
Approvals can be structured to facilitate straight-through-processing from ERPs, TMSs, and AP or other payment systems for direct execution within TIS.
Customizable Approval & Signer Workflows
Customize workflows and approvals for specific users, payments, entities, banks, etc. This includes customization for certain payment amounts or thresholds.
Multi-Approval & Multi-Signer Setups Supported
Add as many signers and approvals as necessary to support company policies and procedures. Any configuration from zero approval to “n-eyes” approval is possible.
Streamlined Alert & Resolution Management
TIS provides automated workflows for authorized users to review payment alerts, address issue resolutions, and systematically monitor payments activity within the platform.
Support Industry-Leading Payment Security Standards
Leverage TIS’ innovative inventory audit features for improved security and monitoring over global system / user actions, payment workflows, and associated data handling.
In the past, our diverse manual payment steps presented a potential source of risk and error. Since we introduced TIS, all our payment runs are fully automated and standardized, which makes our work much easier and increases efficiency. Given that Swissgrid is a system-relevant company in Switzerland, for us the security aspects of an Electronic Banking solution is highly relevant. TIS completely fulfils these requirements.
Andreas Lützelschwab, Head of Corporate Finance & Treasury, Swissgrid
With the integrated solution from TIS, we have automated and centralized our payment processes while, at the same time, keeping control of our treasury data. There’s a whole host of efficient systems for individual tasks, but the TIS solution brings together by far the broadest functionality.
Dieter Bellinger, Head of Corporate Treasury, DACHSER
TIS has freed us from a significant amount of repetitive and manual work while also providing complete security and compliance across our globally automated processes. After operating with their cloud-based solution for several months, the efficiencies we achieved convinced us to further optimize our payment processes by adding additional TIS functions, such as a Flexible Approval Process. The results continue to speak for themselves.
Sabine Kießling, Director of Controlling & Treasury, TeamViewer
Frequently asked questions (FAQs) about our payment approval & workflow capabilities
The TIS team regularly fields questions from CFOs, treasury, and finance practitioners regarding the use of our payment approval and workflow capabilities. 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.
