A Diverse Group of Non-Profit, Mid-Market, & Enterprise Treasury Teams Recognized in Annual Industry Awards
2022 was an incredibly successful year for TIS and our community. In addition to our acquisition of Cashforce and the achievement of numerous other company milestones, the TIS team was also thrilled to be recognized alongside a select group of non-profit and corporate clients that won treasury, finance, and technology awards. These awards and their associated projects were spread across the continents of North America, Europe, and Asia, and the TIS clients recognized through them included global food brands provider Kellogg’s, innovative non-profit IFAW, and automotive provider Inchcape PLC.
IFAW – 2022 Alexander Hamilton Awards
In North America, IFAW (International Fund for Animal Welfare) and their Group Treasurer John Kluza were awarded in the 2022 Alexander Hamilton Treasury Awards for Best Practices in Emerging and Restricted Markets. Earlier this year, IFAW was awarded for their success integrating a global ERP system and new TMS with TIS’ cloud-based solution in order to streamline payments and connectivity across 20+ banks and 100+ accounts in over 40 countries.
The success of this project ultimately saw IFAW achieve 85%+ payments automation and 90%+ daily cash visibility globally, as well as over $150,000 in annual technology savings. According to John Kluza, “TIS provides us with a sophisticated yet easy-to-integrate cloud-based solution that provides end-to-end bank information and transaction management through a single platform. The embedded business intelligence feature is also a powerful reporting tool that supports C-level reporting and makes our tasks surrounding payments, bank connectivity, and cash visibility much easier and more streamlined.”
Kellogg’s – 2022 Working Capital Awards
Turning to Europe, the multinational food manufacturing company Kellogg’s and their treasury group have been awarded nearly a half-dozen times in the past year for a transformative cash forecasting and working capital project that focused on increasing the accuracy and automation of their analysis. To date, Kellogg’s new process has saved over $4 million in cash across their North America division, as well as over $6 million in Europe. These savings have been primarily achieved through the use of TIS’ cash forecasting and working capital solution and the successful integration of this solution with their ERP, banks, and entities globally.
Most recently, Kellogg’s was awarded with Best Cash Forecasting Initiative and Best Working Capital Funding Solution in the 2022 Working Capital Awards in Amsterdam.
Inchcape PLC – 2022 Adam Smith Awards Asia
Looking to Asia, TIS client Borneo Motors Singapore (an Inchcape company) was just named as a Highly Commended Winner in the “Harnessing the Power of Technology” category for the prestigious Adam Smith Awards Asia 2022. This award is globally recognized as the industry benchmark for best practices in using technology to transform offline to online Finance systems to deliver competitive advantages in payments, reconciliation, and reporting processes. For Borneo Motors Singapore, the automation achieved between their ERP, banking partners, and TIS brought about significant digital transformation and efficiency for their Finance team to streamline operations across the back-office.
According to TIS CEO Erik Masing, “The receipt of these diverse treasury, forecasting, and payments awards demonstrates TIS’ ability to drive superior technology automation and process efficiency for organizations on a global scale — regardless of their industry, complexity, or size. In the months and years ahead, we look forward to driving even more success for clients through the provision of our innovative cloud technology and exemplary support and service structure.”
For more information about these awards and the use cases for the TIS clients that won them, you can find additional insights using the resources in our success story library.
To learn more about TIS and our suite of solutions, we invite you to schedule a call with one of our experts. We hope to hear from you soon!