Citi & TIS Launch Next-Generation Cash Flow Forecasting & Working Capital Insights
(3 May 2023 – United States) Citi’s Treasury and Trade Solutions (TTS) has expanded its relationship with Treasury Intelligence Solutions (TIS) to enable access to TIS' cash forecasting and working capital platform.
The relationship expansion follows the joint successes Citi and TIS have achieved supporting companies become more digital, efficient, and automated in managing cash and working capital. TIS provides an innovative platform with rich data analytics and streamlined workflows to drive enterprise cash management, forecasting, and working capital optimization. Smart logic provides users with deep insights to their cash flows, invoicing cycles, payment trends and vendor behaviour on a global scale.
Citi and TIS aim to collaboratively help advance the client treasury journey from historic reporting to predicting a company’s future cash position and working capital needs through a fully automated, integrated and intuitive workflow.
As a result of the expansion, Citi clients may now gain streamlined and direct access to the TIS platform, in addition to Citi's extensive banking network and global cash management and working capital solution suite. Companies can use the insights provided by TIS through Citi to optimize liquidity more effectively, strategically manage working capital deployment across suppliers and customers, and improve treasury funding and investing activities.
“Against a challenging global environment, corporate treasuries and finance teams are focused on improving liquidity and working capital management. The TIS platform, now available through Citi, supplements our solutions by integrating with client ERP systems to help deliver dynamic visibility over working capital, cash forecasts, and enhanced decision-support for strategic liquidity and working capital optimization” commented Citi TTS Global Head of Liquidity Management Services, Stephen Randall.
"Strengthening our strategic relationship with Citi has already helped create significant advantages for the many treasury and finance professionals who rely on our services. Having seen firsthand how our integrated solutions are driving automation and efficiency across the office of the CFO, we are confident this relationship is an effective channel to further bolster our clients’ cash forecasting and working capital capabilities” stated TIS CEO Americas, Chris Calhoun.
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