Case Study: Medtronic achieves centralized, secure global treasury and AP payments with TIS (Treasury Intelligence Solutions)

Medtronic - Customer Case Study

Medtronic, a global medical device company with 90,000+ employees, hundreds of legal entities, ~100 bank relationships and nearly 1,000 accounts, faced decentralized, error-prone AP and treasury payment processes, failed transactions, poor payment visibility and limited IT bandwidth—challenges amplified by large M&A activity. To address this, Medtronic selected TIS (Treasury Intelligence Solutions) and its cloud payments/connectivity platform to centralize bank connectivity and standardize SAP-driven payment workflows.

TIS implemented a tiered rollout of its cloud platform with pre-built SAP plugins and bank connectors, remapping US bank codes in under six weeks (versus the prior 3–4 months), completing phases in roughly one-third of expected time and eliminating over 50% of expected IT hours. As a result (per Medtronic), AP now gains 24 extra hours to review payments, and Medtronic expects TIS to standardize 95%+ of payments and route 85%+ of manual payments through the platform, improving automation, security, compliance and global visibility.

Medtronic

Todd Olson

Senior Treasury Manager