Managing a complex global supply chain remains a top challenge for many organizations. To turn such. challenges into a competitive advantage, leading-edge companies increasingly are working to better align Treasury, Procurement, Shared Services and operating business units on a cohesive approach to supply chain management.
Citibank Integrated Payables Solutions is a holistic suite of leading-edge analytics, core and emerging payment services, supplier enrollment and other capabilities to help optimize working capital and maximize efficiencies across an organization's complete supply chain.
This strategic data-driven approach allows companies to identify and execute on opportunities to drive measurable financial benefits and efficiency gains by optimizing B2B payments across the full continuum of their supplier base. For successful companies, Citi Integrated Payables Solutions can extract greater value from once-overlooked payables operations and help convert them into a potential source of competitive advantage.
Benefits at a Glance:
- Generate financial returns through payables optimization
- Increase free cash flow by optimizing days payable outstanding
- Reduce costs and improve processes through payment digitization
- Reduce risks across the financial supply chain
- Convert payables processes into potential sources of competitive advantage
Citi Integrated Payables Solutions draws on analytics teams, product experts and supplier-enrollment consultants strategically positioned around the globe. Key components of the offering include:
- Citi Working Capital Analytics, a marketing-leading diagnostic tool that leverages proprietary algorithms to analyze an organization's financial supply chain
- Innovative Payment Services, reflecting Citi's global leadership in Supplier Finance and B2B Commercial Cards, as well as mass payment solutions, such as ACH, Controlled Disbursements, Wires and Cross-Border payments. Also included are innovative solutions to address particular client pain points, such as Citi Payment Exchange to support payment digitization, and Citi Integrated Freight Processing to help optimize management of logistics spend
- Supplier Enrollment Services, dedicated onboarding teams that manage the end-to-end process of enabling suppliers for B2B payments, help minimize required client resources, and help maximize hard-dollar benefits seen by the client
- Channel and Connectivity Services to enable seamless client-bank connectivity and file processing
- Advisory, Partnership and Servicing: From analytics to implementation to ongoing servicing and support, Citi's Treasury and Trade Solutions business has on-the-ground experts in more than 100 countries and provides banking, payment and trade services to more than 80% of the Global Fortune 500 companies