TIPCO
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The Treasury Information Platform TIP
TIP is an extraordinarily flexible and smart solution for Treasury departments. Whether the focus is on cash flow forecasting, cash visibility, risk management, guarantee management or bank fee analysis, TIP leverages data from various source systems, supplements these with information provided by local subsidiaries and offers a comprehensive toolbox for data analysis and reporting. More than 130 clients trust in TIP and in TIPCO’s ability to provide market-leading treasury innovation. Forecasts are only as good as the data on which they are based Leading corporations such as Lufthansa, Deutsche Telekom and REWE rely on the Treasury Information Platform TIP for their group-wide cash flow forecasting. Corporates of this size generally already use a ‘classic TMS’, but this is rarely able to meet neither the local requirements of their subsidiaries Group Treasury’s requirements regarding forecasting automation as well as flexible analysis & reporting. A good forecasting tool needs to be easy-to-use even at the local level in order to regularly compile forecasting data from all regions without the need to resort to using Excel files. Thanks to automated connectors to all relevant source systems, with the help of TIP, treasurers import and include these data at the press of a button.
Predicting the future by analysing the past with AI tools During the current COVID-19 crisis in particular, predictive analytics is the key to cash flow forecasting. Thanks to TIP’s in-built automation, treasury departments can integrate all influencing factors, ranging from economic data to sales market risks and trade restrictions as well as commodity prices, all of which significantly increase the quality of their forecasting. With the aid of simulations, treasurers can also analyse the effects of liquidity-related activities and evaluate best- and worst-case scenarios for their corporate group. Vertical Divider
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FEATURED SESSIONS
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Existing data: ERP systems, TMS, budgeting tools and other systems already contain much of the information you need for forecasting. TIP integrates these data via interfaces in order to replace manual data transfers. Master data such as those of group subsidiaries and the group structure also can be integrated from upstream systems, thereby reducing data maintenance work.
Flexibility: New forecasting categories or changes in terms of the corporate structure need to be easily taken into account. In the case of an acquisition, it is possible to easily and rapidly manage these changes through adaptions of the forecast structure.
Data quality: Users receive immediate feedback about possible incorrect entries and major deviations as soon as they input or submit the data. This allows them to react in a timely manner or to explain the deviations. Furthermore, they can compare their forecasting results with actual cash flow data and adapt their estimations to the learnings.
Smart logic: Cash flow mapping and distribution rules, historical distributions and predictive analytics are powerful AI tools and support users with precise suggestions.
Automation: TIP makes it possible to automate routine tasks such as sending reminders to users who miss deadlines, the distribution of reports, etc. and therefore relieves the burden on corporate treasury departments.
Reporting: Combine standard reports with tailored reports and benefit from the advantages of both. You prefer the ease-of-use of Excel when it comes down to reporting? Access all your current data with the TIP Cube directly in Excel and easily create adhoc reports by drag and drop.
Intuitive to use: End users get to grips with TIP after a one-hour training session and rarely have to address queries to system administrators. Administrative work can also be delegated to those responsible at the level of business units.
Flexibility: New forecasting categories or changes in terms of the corporate structure need to be easily taken into account. In the case of an acquisition, it is possible to easily and rapidly manage these changes through adaptions of the forecast structure.
Data quality: Users receive immediate feedback about possible incorrect entries and major deviations as soon as they input or submit the data. This allows them to react in a timely manner or to explain the deviations. Furthermore, they can compare their forecasting results with actual cash flow data and adapt their estimations to the learnings.
Smart logic: Cash flow mapping and distribution rules, historical distributions and predictive analytics are powerful AI tools and support users with precise suggestions.
Automation: TIP makes it possible to automate routine tasks such as sending reminders to users who miss deadlines, the distribution of reports, etc. and therefore relieves the burden on corporate treasury departments.
Reporting: Combine standard reports with tailored reports and benefit from the advantages of both. You prefer the ease-of-use of Excel when it comes down to reporting? Access all your current data with the TIP Cube directly in Excel and easily create adhoc reports by drag and drop.
Intuitive to use: End users get to grips with TIP after a one-hour training session and rarely have to address queries to system administrators. Administrative work can also be delegated to those responsible at the level of business units.
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Lufthansa Group
Implementation of a group-wide financial status and a cashflow forecast at the largest European airline… VIEW CASE STUDY > |
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