Case Studies Modern Treasury for Future Growth

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	Modern Treasury for Future Growth

Modern Treasury for Future Growth

Technology Category	Application Infrastructure & Middleware - Data Exchange & Integration Application Infrastructure & Middleware - Data Visualization Platform as a Service (PaaS) - Connectivity Platforms
Applicable Functions	Business Operation
Use Cases	Regulatory Compliance Monitoring
Services	Cloud Planning, Design & Implementation Services System Integration
Challenge	CORESTATE faced a complex and heterogeneous IT and treasury landscape, lacking a unified platform to integrate third-party service providers and property managers for payments and reporting. This resulted in a lack of centralized information, process transparency, and cash visibility. The company had grown significantly, both organically and non-organically, leading to a tenfold increase in assets under management. The treasury tasks were previously handled by the Controlling and Accounting department, which was not sufficient for the growing needs. CORESTATE needed to restructure its treasury operations to make them future-proof, standardize processes, and improve cash management and liquidity planning. Read More
About Customer	CORESTATE Capital Group is an investment manager and co-investor with approximately 28 billion euros in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 42 offices, including locations in Frankfurt, London, Madrid, Singapore, and Zurich. The company employs around 800 people and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange. Read More
Solution	CORESTATE opted for a Best-of-Breed approach, breaking down the project into three phases and selecting the best solution for each phase. The first phase focused on improving payment processes and reporting. CORESTATE chose TIS' cloud-based payments platform, which could seamlessly integrate with their heterogeneous ERP systems and offer flexibility to connect and disconnect third parties. The platform also met regulatory requirements in Germany and Luxembourg. TIS' platform is certified according to ISO 27001 and offers yearly SOC 1 and SOC 2 Type II reports. The cloud-based nature of the platform meant no internal resources were needed for project maintenance and administration, making the implementation process straightforward and controlled by the treasury team. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Data Exchange & Integration

Application Infrastructure & Middleware - Data Visualization

Platform as a Service (PaaS) - Connectivity Platforms

Applicable Functions

Business Operation

Use Cases

Regulatory Compliance Monitoring

Services

Cloud Planning, Design & Implementation Services

System Integration

Challenge

CORESTATE faced a complex and heterogeneous IT and treasury landscape, lacking a unified platform to integrate third-party service providers and property managers for payments and reporting. This resulted in a lack of centralized information, process transparency, and cash visibility. The company had grown significantly, both organically and non-organically, leading to a tenfold increase in assets under management. The treasury tasks were previously handled by the Controlling and Accounting department, which was not sufficient for the growing needs. CORESTATE needed to restructure its treasury operations to make them future-proof, standardize processes, and improve cash management and liquidity planning.

About Customer

CORESTATE Capital Group is an investment manager and co-investor with approximately 28 billion euros in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 42 offices, including locations in Frankfurt, London, Madrid, Singapore, and Zurich. The company employs around 800 people and is listed in the Prime Standard (SDAX) of the Frankfurt Stock Exchange.

Solution

CORESTATE opted for a Best-of-Breed approach, breaking down the project into three phases and selecting the best solution for each phase. The first phase focused on improving payment processes and reporting. CORESTATE chose TIS' cloud-based payments platform, which could seamlessly integrate with their heterogeneous ERP systems and offer flexibility to connect and disconnect third parties. The platform also met regulatory requirements in Germany and Luxembourg. TIS' platform is certified according to ISO 27001 and offers yearly SOC 1 and SOC 2 Type II reports. The cloud-based nature of the platform meant no internal resources were needed for project maintenance and administration, making the implementation process straightforward and controlled by the treasury team.

Impact #1	The implementation of TIS' cloud-based payments platform allowed CORESTATE to centralize its database for all bank accounts, significantly improving communication with third-party service providers and property managers.
Impact #2	The platform enabled real-time information sharing and data collection, which was previously difficult to achieve.
Impact #3	CORESTATE reduced the number of bank access points via EBICS from over 100 to 35, streamlining their payment processes.

Impact #1

The implementation of TIS' cloud-based payments platform allowed CORESTATE to centralize its database for all bank accounts, significantly improving communication with third-party service providers and property managers.

Impact #2

The platform enabled real-time information sharing and data collection, which was previously difficult to achieve.

Impact #3

CORESTATE reduced the number of bank access points via EBICS from over 100 to 35, streamlining their payment processes.

Benefit #1	Reduction of bank accesses (EBICS) from over 100 to 35.
Benefit #2	Reduction of authorized persons (power of attorneys) from over 25 per account to four per account.

Benefit #1

Reduction of bank accesses (EBICS) from over 100 to 35.

Benefit #2

Reduction of authorized persons (power of attorneys) from over 25 per account to four per account.

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Overview

Modern Treasury for Future Growth

Operational Impact

Quantitative Benefit