Collaboration made easy thanks to standardized processes and superior connectivity
Company Size
1,000+
Region
- Europe
Country
- Germany
- Hungary
- Sweden
- United Kingdom
Product
- TIS Platform
- SAP ERP
- Wall Street Systems
Tech Stack
- API Integration
- Cloud-based Payments Platform
- ERP Systems
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Application Infrastructure & Middleware - API Integration & Management
- Functional Applications - Enterprise Resource Planning Systems (ERP)
- Platform as a Service (PaaS) - Connectivity Platforms
Applicable Industries
- Utilities
Applicable Functions
- Business Operation
Services
- Cloud Planning, Design & Implementation Services
- System Integration
- Training
About The Customer
Uniper was formed in 2016 through the separation of conventional energy production (coal, gas and water) and global energy trade from energy group E.ON. With more than 11,800 employees in 40 countries, Uniper is one of the biggest companies for energy production and trade in Europe. Today, Uniper is providing innovative energy solutions for more than one hundred industry clients and partners. Core markets are Germany, the UK, Sweden, Hungary and the BENELUX countries. Recently, Uniper has focussed on digitalizing both its procurement and portfolio management offers for clients as well as processes within the company.
The Challenge
In 2017, Uniper decided to further optimize and standardize its payment processes. About 300 bank accounts were already managed with a payment solution, but it could not meet Uniper’s growing needs. The rest of Uniper’s bank accounts were still being managed via a range of e-banking tools, which required a lot of manual effort and hindered visibility of the company-wide cash positions. To change that, Uniper introduced the cloud-based payments platform by TIS (Treasury Intelligence Solutions), to set a company-wide standard for payment processes. Since then, data can be stored centrally, facilitating collaboration within the company, and allowing for better control and transparency over the company-wide finances and processes.
The Solution
Uniper introduced the cloud-based payments platform by TIS (Treasury Intelligence Solutions), to set a company-wide standard for payment processes. Since then, data can be stored centrally, facilitating collaboration within the company, and allowing for better control and transparency over the company-wide finances and processes. There were two aspects that the new solution had to excel in: connectivity and multi-bank capability. Thanks to TIS’ strong API strategy, it can integrate with a range of payment-related systems, winning on both accounts. TIS was a perfect fit for Uniper, who is operating under a Best-of-Breed approach: Instead of using an all-in-one solution, Uniper leverages the expertise of several specialized vendors to increase efficacy of treasury, finance and banking. Besides TIS, Uniper is also using SAP ERP and In-House Cash as well as Wall Street Systems for core treasury functions. With this strategy, Uniper can react quickly to shifting requirements.
Operational Impact
Quantitative Benefit
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