Case Studies > Modern Treasury for Future Growth

Modern Treasury for Future Growth

Company Size

1,000+

Region

Europe

Country

Germany
Luxembourg

Product

TIS Payments Platform

Tech Stack

Cloud-based Platform
ISO 27001 Certification
SOC 1 and SOC 2 Type II Reports

Implementation Scale

Enterprise-wide Deployment

Impact Metrics

Customer Satisfaction
Digital Expertise
Productivity Improvements

Technology Category

Application Infrastructure & Middleware - Data Exchange & Integration
Application Infrastructure & Middleware - Data Visualization
Platform as a Service (PaaS) - Connectivity Platforms

Applicable Functions

Business Operation

Use Cases

Regulatory Compliance Monitoring

Services

Cloud Planning, Design & Implementation Services
System Integration

About The Customer

CORESTATE Capital Group is an investment manager and co-investor with approximately 28 billion euros in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 42 offices, including locations in Frankfurt, London, Madrid, Singapore, and Zurich. The company employs around 800 people and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange.

The Challenge

CORESTATE faced a complex and heterogeneous IT and treasury landscape, lacking a unified platform to integrate third-party service providers and property managers for payments and reporting. This resulted in a lack of centralized information, process transparency, and cash visibility. The company had grown significantly, both organically and non-organically, leading to a tenfold increase in assets under management. The treasury tasks were previously handled by the Controlling and Accounting department, which was not sufficient for the growing needs. CORESTATE needed to restructure its treasury operations to make them future-proof, standardize processes, and improve cash management and liquidity planning.

The Solution

CORESTATE opted for a Best-of-Breed approach, breaking down the project into three phases and selecting the best solution for each phase. The first phase focused on improving payment processes and reporting. CORESTATE chose TIS' cloud-based payments platform, which could seamlessly integrate with their heterogeneous ERP systems and offer flexibility to connect and disconnect third parties. The platform also met regulatory requirements in Germany and Luxembourg. TIS' platform is certified according to ISO 27001 and offers yearly SOC 1 and SOC 2 Type II reports. The cloud-based nature of the platform meant no internal resources were needed for project maintenance and administration, making the implementation process straightforward and controlled by the treasury team.

Operational Impact

The implementation of TIS' cloud-based payments platform allowed CORESTATE to centralize its database for all bank accounts, significantly improving communication with third-party service providers and property managers.
The platform enabled real-time information sharing and data collection, which was previously difficult to achieve.
CORESTATE reduced the number of bank access points via EBICS from over 100 to 35, streamlining their payment processes.
The number of authorized persons per account was reduced from over 25 to four, enhancing security and control.
The cloud-based nature of the platform eliminated the need for internal resources for project maintenance and administration, allowing the treasury team to manage the implementation process independently.

Quantitative Benefit

Reduction of bank accesses (EBICS) from over 100 to 35.
Reduction of authorized persons (power of attorneys) from over 25 per account to four per account.