Citi has announced the launch of Citi Integrated Payables Solutions, a combination of payment and analytics services that will help organizations optimize their supply chains.
The services included in the new offering include core payments, supply chain finance and commercial cards, as well as proprietary analytics, advisory services, client-to-bank connectivity channels and universal supplier on-boarding mechanisms,
The services advertises itself as being able to help organizations lower working capital costs, and minimize supply chain risk. All of this taken together allows buyers and suppliers to transact better together.
Naveed Sultan, Global Head of Treasury and Trade Solutions at Citi commented: “The launch of Integrated Payables Solutions will benefit our clients greatly, allowing them to identify new opportunities to create value within their business systems. Citi is among the industry leaders in designing adjacent and disruptive solutions that not only create significant value for our clients, but continue to scale globally to transition banking to a digital world,” reports Finextra.
