Citi has launched Citi Consolidate™, a new invoice processing solution powered by Infor, the Industry Cloud Complete company. Citi Consolidate™ streamlines and digitises the invoice approval, purchase order, and payables processes. It creates a fully end-to-end digital solution for clients leveraging Infor Nexus, Infor’s multi-enterprise supply chain business network.
Historically, invoice creation, reconciliation, and payment approvals were fragmented manual processes and could take weeks. Previously buyers could be left without access to critical data. On top of this, suppliers could be unable to access needed financing to support their operations. The new Citi Consolidate™ solution will help Citi’s corporate clients enhance straight-through processing, minimise invoice approval time, and accelerate access to working capital.
“Citi Consolidate demonstrates our relentless commitment to driving innovative solutions to help our clients advance their digital journeys.” said Adoniro Cestari, Global Head of Trade and Working Capital Solutions at Citi Services. “This new capability will help our clients realise their goal of eliminating paper processes, while also optimising their working capital. It will also provide accessible and actionable data that our clients can use to help manage their businesses more efficiently.”
For buyers
- One-Stop Access to Data – A single, shared repository for purchase orders, invoices, and transportation documentation within a structured data environment.
- Process Automation and Acceleration – Automated document matching, invoice approval, and discrepancy resolution workflows streamline processes and compresses cycle times.
- Enhanced Cash Flow Visibility – Efficient order management and streamlined invoice approvals provide buyers with improved visibility, allowing for better cash flow management.
- Risk Mitigation – Citi Consolidate™ can help buyers to mitigate supplier risk, helping ensure their businesses have required inventory.
For suppliers
- Access to Needed Financing – Citi Consolidate™ accelerates invoice approval timeframes and provides suppliers with earlier access to financing.
- Improved Transparency – Suppliers gain visibility into the status of their invoice approvals and payments.
- Financing Flexibility – Suppliers can now access a wider array of finance solutions, including Purchase Order Financing, Deep-Tier Financing, and Dynamic Discounting.
“Infor has been bridging physical and financial supply chains for two decades. We are excited to work with Citi to further automate customers’ trade flows across industry verticals,” said Gary Schneider, VP, Financial Services at Infor. “Infor Nexus’ network capability will help drive data management, leading to harmonized invoice processes and improved cash flow visibility. Meanwhile Citi’s global network and advisory services optimise the use of capital across a company’s supply chain. Together, we will digitally transform an organisation’s financial supply chain.”
Additionally, Citi recently commenced as a Financing Service Provider to Infor Nexus clients in the United States. With Citi acting as a Financing Service Provider on Infor Nexus, Citi clients will no longer juggle multiple platforms.
Citi Consolidate™ is currently available to Citi’s clients in the United States and Canada. There are plans to expand to additional countries in 2026.
