OSRAM, a global lighting leader with €5.1 billion in revenue and 33,800 employees, faced inefficiencies from scattered bank account data, paper-based approvals, and limited transparency after its separation from Siemens. To address these issues, OSRAM adopted TIS Bank Account Manager, a SaaS solution providing a centralized platform for all bank account and payment information. The system standardized workflows, enabled secure online attestations, and gave treasury full transparency while allowing other departments like IT, audit, and accounting direct access to relevant data. This reduced errors, improved compliance, streamlined processes, and lowered costs through efficient, fully web-based deployment.

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