Case Study: OSRAM achieves centralized account transparency and standardized workflows with TIS (Treasury Intelligence Solutions)

OSRAM - Customer Case Study

OSRAM, a global lighting and semiconductor company, faced fragmented account and payment data, paper-based account openings/closings, and time-consuming, error-prone processes that limited central monitoring and compliance. To achieve group-wide transparency and standardised workflows for tasks like quarterly CFO bank account attestations, OSRAM selected TIS (Treasury Intelligence Solutions) and its SaaS Bank Account Manager (BAM) as the vendor/product to centralise bank-account information and automate processes.

TIS implemented the web-based BAM platform as a central database with workflow-based standardisation, fast roll-out without internal IT, and role-based access for other departments. As a result, TIS enabled unitary data management for all bank accounts worldwide, transparency and full control over account changes, automated CFO attestations (first live attestation in March 2014), and increased efficiency with lower Corporate Treasury costs.

OSRAM

Tim Geissler

Treasury Consultant