It enables enhanced control over clients' payment flows.
Citi Treasury and Trade Solutions (TTS), a division of the Institutional Clients Group, announced the launch of Citi Payments Risk Manager. Here's more about Citi's new product:
ABF: What spurred the launch of this product?
In today’s business environment, corporations with large, multinational transaction flows, particularly those with shared service centers or BPO units, need improved visibility into their accounts payable processes in order to effectively mitigate risk.
Citi Payments Risk Manager is the ideal solution for clients looking for efficient payment trend and outlier detection capabilities.
ABF: What's new about it for Citi and your customers?
Citi Payments Risk Manager aggregates payments data across countries, currencies, payment methods and beneficiaries to derive the client’s normal patterns of payment activity and highlight transactions that fall outside of those trends.
It presents the data it collects in a user-friendly, configurable dashboard easily accessible from the CitiDirect BE portal. In addition to the highlevel dashboard, Citi Payments Risk Manager provides a convenient drilldown data view and customizable reports, allowing the user to interact with their data easily and efficiently.
ABF: What do you hope to achieve with this initiative?
This new functionality gives clients enhanced visibility and control over their payment flows by providing aggregated payments data, reporting and trend detection capabilities to facilitate the clients’ investigation of potential outlier transactions.
With the release of this latest analytical tool, Citi further distinguishes itself from its competitors by providing an innovative account payables risk management solution available through the award- winning CitiDirect BESM platform.
ABF: Anything you'd like to add?
This solution provides the visibility and control needed to operate efficiently in today’s fast-paced business environment. Citi Payments Risk Manager was first piloted in India followed by a launch in select Asian countries and North America with plans to expand globally.
Do you know more about this story? Contact us anonymously through this link.
Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.
To get a media kit and information on advertising or sponsoring click here.
No jobs posted.