Temenos Quantum vs. TIS (Treasury Intelligence Solutions)

If your organization is smaller in nature and is looking for something out of the box, this platform may be for you. However if your organization is looking for something with added customization and a quick deployment, shift your attention in a different direction. The idea of the product is great and should allow for enhanced customization in the future; if it works properly. The analytics tools are promising but lack quite a lot.

Incentivized

With this robust treasury tool it is very easy to increase the speed of financial operations with, for example, outgoing payments and cash flow analysis management. Liquidity is not a problem thanks to Treasury Intelligence Solutions, we are confident in this tool to fulfill the most important operations of outgoing payments. I can also recommend it because it is very simple to use and it also has a very simple application.

Incentivized

• Cross-platform mobile development - we used this for developing the app on a native platform (which could be iOS, Android). Kony offers tools that are useful because they decrease costs and increase the speed at which apps are developed. In addition, cross-platform mobile development tools are generally quite simple to use as they are based off of the common languages for scripting, including CSS, HTML, and JavaScript. It has become easy to find resources with the skill set especially because this is based out of common languages.
• In Kony mobility platform Visualizer makes app development quick and easy. Tons of documentation online.
• Used Kony to develop an amazing app that serves our customers well. WYSIWYG interface is great for building interfaces quickly. Build and test quickly for many different targets.

Incentivized

• Bank connectivity is as simple as it can be. Well designed making a complex process a little less complex than other providers.
• Transaction support across 15 countries has been Steller. Broad support for methods and formats and issues were resolved quickly.
• Solid systems interface make connecting with ERP and other systems relatively painless.
• As noted earlier, quite flexible for a hosted service.

• Manuals or instructions need to be streamlined with its high pricing.
• It's a very intricate platform. It only performs moderately while the app is currently in operation.

Incentivized

• User-friendliness in some areas could be improved. A function that explains buttons would be nice, similar to how it is in SAP with F1. But indeed you can find this on the support portal.
• It is missing the Business Discovery Manager. This will solve many questions, so I cannot complain if we are missing a critical dashboard part of TIS. The logic of Master data and download of the same is done nicely. I would like to build my own report with this, but we would be back to BDM functions.
• The BTM transaction monitor is its greatest strength, but also is a large jungle of entries. You can get lost in there. The deletion function should be upgraded if possible, [because] it's not the easiest to do a mass deletion.
• Filtering of accounts that need to be assigned to the BANK link. It's only a small thing but can be super annoying every time it selects the first bank entry by default.

Incentivized

Depends on stage of the project if it will be postponed in 2023. Se la vie. Will be happy to go on.

The main feature of usability is the outcome you get upon actions done. TIS is not complecated solution - it is rational and has most needed capabilites for cash management via multiple accounts in different jurisdictions. It works well for this task and evolutioning to the field of risk management to get all treasury job done well.

Offered support information in the portal (knowledge base articles) as well members of the support provides a very good service level.

Incentivized

The training addressed our needs.

Incentivized

The cloud connection meant less work for IT. The setup of the first 1000 accounts was very quick, so we went live after only 4 months.

We are using KDC to migrate EPIC applications. So far, we are using it for our projects, billing and finance apps. We are also working on extending it to other departments. It is being used by an entity (TSO).

KDC got the best score in the PoC.

Incentivized

The implementation team is strong and supportive of your needs which was important. The solution fit the needs of company very well with many ERP systems and bank accounts. The company was continuing to improve its product based on customer feedback. Strong IT background at the top

Incentivized

• Positive on ROI. I'm constantly utilizing Kony since it's a robust tool capable of publishing.
• It also shares prototype creations of apps in a highly intuitive and customizable environment. It provides a preview of apps in real-time. Collaboration is seamless. Important functionality includes smartphone features (without any written code involved) and accessibility to a browser, maps, and SMS.
• Trying to understand the user manual can be challenging since there are way too many features available. All of them aren't really necessary for beginners. And they've yet to offer them in a "phased" approach.

Incentivized

In terms of risk mitigation of course we can reduce the number of people having access to banking if not needed. With dedicated teams and less people with access to individual Bank portals. Before access to bank portals were necessary for all sorts of manual payments and exceptions if we really implement the 100% of functions and dont leave exceptions that risk mitigation can be achieved and efficiency at automated payment runs.

• At a large corporation with more than 60 entities and 400+ bank accounts, the savings and improvements are massive considering how time-consuming the manual work would be. I don't have any numbers to quote, unfortunately.
• We are now massively expanding our TIS with the full integration of automated payment runs. This has larger operational impacts, like the possible consolidation of banking and dedicated payment teams.

Incentivized