Categories: News

Miltenyi Biotec Standardizes Corporate Payments and Bank Management with New Payments Platform

Globally operating biotech company consolidates its banking landscape and creates more transparency and security in finance and international payments with TIS (Treasury Intelligence Solutions).

Walldorf, Germany, November 12, 2020 –(PR.com)– Miltenyi Biotec, headquartered in Bergisch Gladbach, Germany, has selected the TIS payments platform to manage all its bank accounts, bank statements, payments and conduct detailed financial analyses. The decision for TIS was made after thorough market observation. Its usability, high security standards, and effective SAP integration clearly stood out.

Miltenyi Biotec has grown steadily in recent years, especially in international markets. The company was founded in 1989 in Bergisch Gladbach, Germany, and specializes in products and processes for cellular research and cell therapy applications. Today, it has more than 3,000 employees worldwide, with 700 employees in research and clinical development. Miltenyi Biotec distributes its products through direct sales in 28 countries. The company�s ongoing growth, increasing number of affiliates, banking partners and accounts led to a need to standardize the company’s finance processes and to make them more efficient.

Besides accounts and payments consolidation, the company also wanted to make its payment processes more professional. In Germany, payment processes were structured with the Treasury Management System. Internationally, however, subsidiaries and affiliates used SAP and other ERP systems for payments and connected to banks via different online banking tools.

Daniel Pier, Group Leader Treasury at Miltenyi Biotec: “For our renewed banking landscape we looked for a centralized payments platform to make international payments more transparent and secure. With TIS, we can automate and standardize payments and monitor the processes from group treasury whenever necessary. For us, the core value of this solution is to enable us to follow closely the company-wide liquidity status at the push of a button.”

Jörg Wiemer, co-founder and Chief Strategy Officer at TIS: “For fast growing companies, it is especially important to manage resources efficiently and meanwhile also ensure security and transparency in corporate payments and liquidity management. With its effective SAP integration and extensive bank connectivity, TIS offers powerful benefits to its customers. We are happy to welcome Miltenyi Biotec, a leading innovator in biomedical research and cellular therapy, to the TIS community.”

Let’s block ads! (Why?)

Miscw.com

Recent Posts

Assure Medical Imaging Commemorates Grand Opening Ceremony

Providing High-end Imaging Services: Establishing a New Benchmark for Personalized Medical Imaging Services HONG KONG…

6 hours ago

VinFast officially delivers VF 5 electric cars in Indonesia

JAKARTA, INDONESIA - Media OutReach Newswire - 22 November 2024 - VinFast Auto has officially…

24 hours ago

AlphaX Makes Crypto Easier with Email Login and USDT Memecoins

SYDNEY, AUSTRALIA - Media OutReach Newswire - 22 November 2024 - The global cryptocurrency market…

24 hours ago

Vincom Retail: A Catalyst Driving Vietnam’s Retail Future

HANOI, VIETNAM – Media OutReach Newswire - 22 November 2024 - By capitalizing on its…

1 day ago

How 5G Transforms Life: A Foreigner’s Journey Through East China’s Digital Revolution

HANGZHOU, CHINA - Media OutReach Newswire - 22 November 2024 - As the 2024 World…

1 day ago

Explore Life for A Shared Future: 2024 Beijing Changping Forum on Life Science was successfully held

BEIJING, CHINA - Media OutReach Newswire - 22 November 2024 - The 2024 Beijing Changping…

1 day ago