Optimize your funds management.
Design an efficient funds management system using one or several of our concentration services.
Sweep Account
Automatically invests excess balances on an overnight basis as per standing instructions of the client. Interest is calculated and paid daily.
Concentration Account/Zero Balance
Consolidates funds from all subsidiary accounts into a concentration account for a centralized control of excess balances.
An electronic payment system which permits debits and credits transactions in a paperless fashion used for collection and disbursements of funds. ACH transactions can be transmitted to the bank using various electronic means.
Positive Pay & Payee Authentication
Provides even greater control over payments, enabling to monitor and approve checks presented for payments on a daily basis. This substantially decreases the potential for check fraud. This service entails an electronic transmission from the customer to Citibank® on each day when checks are issued.
Reverse Positive Pay
The bank transmits a file of checks presented for payment to the client on a daily basis. The customer matches the file to its list of issued checks and notifies the bank of any items they wish to have returned.
Statement Imaging
Technology replaces paper documents with digitized replicas that can be stored, retrieved, and printed. Checks images are stored in a CD-ROM for a relative ease and speed searching with a self-installed software. These images can be further used for reconciliation purposes and investigation.
Mass Payment
Is an electronic file delivery service that allows the customer to originate a single file with payments such as checks, ACH & wire transfers. Also support the integration with customers ERP systems using several standard file formats. Allows fully automated end to end process by providing electronic file acceptance and transaction reconcilements.
Commercial Cards
At Citi®, we know managing and monitoring the details of your organization’s travel and entertainment (T&E) expenses is just as important as providing your employees with a convenient and comprehensive Corporate Card. That’s why we created the Citi Corporate Card — so you can track company spend, set credit limits, improve compliance requirements and let your employees focus on the important business matters.
Citi Purchasing Card
A Citi Purchasing Card puts you in complete control of your procurement process. It can be used for any procurement expense - from buying office supplies to paying for professional services and everything in between - ultimately helping you streamline your purchasing and payment processes to improve operational efficiencies and save money.