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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
The 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 The 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.
The 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.
Operational Impact
Quantitative Benefit
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