Treasury Intelligence Solutions vs. PromisePay

Numerous companies have made substantial investments to improve their inbound payment processes in order to enhance cash inflows. Conversely, many of these organizations have overlooked the opportunity to upgrade their outbound payment strategies, leading to disjointed functions, inconsistent systems, and localized operations that obscure cash flow visibility and paint an inaccurate picture of liquidity—putting the business at risk. TIS tackles this challenge by automating five critical outbound payment capabilities while promoting a culture of ongoing improvement. Businesses often encounter difficulties stemming from disparate systems, multiple data sources, and limited visibility within their global payment networks. To address these issues, TIS has developed a maturity model grounded in best practices that seamlessly integrates with their outbound payment technology platform, directing clients toward realizing Enterprise Payment Optimization. Given that both inbound and outbound payments play a significant role in the overall cash flows of multinational corporations, organizations worldwide are increasingly prioritizing the refinement of their payment processes and transaction efficiency. This dedicated push to enhance payment methodologies is essential for sustaining a competitive edge in an ever-changing financial environment, where adaptability and efficiency are paramount. Furthermore, companies that invest in optimizing both aspects of their payment processes will likely see improved financial health and operational effectiveness over time.

Promise significantly reduces delinquencies and increases revenue while helping individuals pay off their debts more swiftly and with fewer penalties. Our straightforward approach, featuring zero-interest installment plans and relief distribution, encourages higher participation and has achieved an impressive recovery rate exceeding 95% for timely payments. Nevertheless, many people find it challenging to engage with traditional government payment programs and affordability initiatives due to poor awareness and accessibility. To address this issue, Promise uses cutting-edge outreach methods to reach customers in their environments, resulting in remarkable enrollment numbers. We firmly believe that making payment solutions accessible is essential, so we offer users multiple payment options, allowing them to pay online, by phone, or in person through a diverse array of both conventional and modern billing systems. This strategy not only assists municipalities in enhancing collections on overdue parking tickets and tolls by providing flexible and user-friendly payment alternatives but also fosters a sense of community support. Consequently, through these efforts, Promise not only promotes individual financial wellness but also plays a vital role in uplifting the economic health of the communities we serve, ensuring that everyone has the opportunity to succeed.