Citi have launched a new analytical tool for use by its specialists to advise global institutions and help them identify efficiencies in their use of banking channels and connectivity options for their treasury and shared service centre operations, thus enhancing a company’s ability to manage their cash and risk, and providing valuable strategic input to develop a more secure and efficient treasury environment.

The new Connectivity module is part of Citi Interactive Solutions and enables institutions get real-time, in-depth analysis and overview of their treasury and shared service centre processes, with the aim to enable greater efficiency and control. It combines data diagnostic capabilities, with innovative visualization and real-time interactive features.

Overcoming complexity and inefficiency

Citi have found that corporate clients typically face challenges around the complexity and inefficiency in banking integration, resulting in sub-optimal cash management operating models. The unique analytical tool delivers enhanced visibility and insights across a company’s banking integration framework, helps treasurers and finance managers to identify opportunities to improve financial and operational efficiencies through the conversion of manual processes, greater end-to-end automation, achieve enhanced bank reconciliation and elevate control through overall visibility. 

Recommendations are based on the company’s preferred levels of connectivity sophistication and treasury priorities, geographic areas of operation, even readiness to deploy proprietary versus bank agnostic capabilities and makes explicit factors that should be considered - from holistic cost management to digital security.

Connectivity module rollout

Citi unveiled this new capability at its annual Asia Pacific Treasury and Finance Conference in Shanghai in October. The new module will be rolled out globally over the next few months. 

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CTMfile take: Overcoming complexity and inefficiency in banking integration is one of the key challenges for corporate treasury departments. It will be interesting to see how much impact this new module has.