Citi launches Treasury Vision Liquidity Manager with daily visibility into Citi accounts and balance
by Kylene Casanova
This week Citi has launched TreasuryVision® Liquidity Manager, a key component of Citi’s TreasuryVision Analytics toolkit providing interactive balance visibility via the CitiDirect BE online banking platform which complements Citi’s suite of global liquidity management solutions.
TreasuryVision Liquidity Manager’s analytic dashboard enables many views of cash positioning and risk reporting with summarized and detailed views of end-of-day aggregate balances and analytic trending, grouped by header accounts in their Citi liquidity structure, including multi-currency notional pooling and global cash concentration accounts.
The TreasuryVision Liquidity Manager provides an analytic dashboard including a Balance Summary view, which provides a summary table of a company’s liquidity structures and their aggregated cash balances. The client is further able to view a drill-down list of underlying accounts that feed the structures through the Account Details view. Balance-based alerting can be used to notify users when any of the accounts breaches its threshold balance, see figure below:
Source & Copyright©2014 - Citi
The TreasuryVision Liquidity Manager is available via mobile, and also enables visual analysis through graphs and visualization tools. In order to facilitate graphical analysis, Trend Analysis Graph View provides an insightful graph showing individual structure balances or a grand total balance. The Tree View displays the accounts and their hierarchical relationship to each other within Citi branches throughout the world, see figure below:
Source & Copyright©2014 - Citi
Users and installation
TreasuryVision Liquidity Manager is now available world-wide for Citi’s liquidity management users. Citi says that the demand for TreasuryVision Liquidity Manager through their EB service CitiDirect BE has been phenomenal. DENSO, a leading supplier of advanced automotive technology, systems and components for the world’s major car makers, was the first client to pilot the TreasuryVision Liquidity Manager solution.
“As businesses expand across multiple geographies, aggregating balances within a liquidity structure becomes increasingly important, particularly for the purpose of improving overall control of daily liquidity, optimizing global cash allocations and credit usage,” stated Cindy Gerhard, Managing Director and Head of Liquidity Management Solutions Product Management for Citi Treasury and Trade Solutions. “As the first client to pilot TreasuryVision Liquidity Manager, DENSO has been an important pioneer and partner in helping us refine this innovative solution.”
“Prior to piloting Citi’s TreasuryVision Liquidity Manager, we faced a cumbersome manual process to obtain end-of-day balances from our notional pooling accounts,” explained Gyongyi Kis, an Assistant Manager in Treasury at DENSO Europe. “With TreasuryVision Liquidity Manager, now we can simply log in to view a report on all of our approximately 103 accounts across 21 structures and seven Citi branches. Using the solution’s Tree View functionality, we can easily see how our accounts are linked and check if bank fees are correct in terms of target balancing indices. During the pilot, we were extremely pleased with how Citi listened to our recommendations and then modified the solution to meet our needs.”
A typical installation of TreasuryVision Liquidity Manager takes less than five days and is available to all Citi clients using liquidity management structures.
Future development
The planned enhancements, based on customer feedback, that will expand the solution include:
- intra-day updates to balances and stand-alone accounts
- inclusion of Citi Intraday Sweeps
- expanded email alerts
- drill-down to SWIFT statements.
CTMfile take: This is a classical example of the latest electronic banking services from the major cash management banks: easy to install and adding much more new analytical functionality. For some users there will be significant functionality overlap between TreasuryVision Liquidity Manager and their TMS, while for others it could put off the need to install a TMS. Global liquidity management just got easier.
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Is good to note that this is no longer a concept but operationally tool simplifying consolidated accounting as well as auditing for efficient and effective management.