Citi's Treasury and Trade Solutions expanded its partnership with Treasury Intelligence Solutions, which specializes in cloud-native cashflow and payment solutions.
As part of the partnership, joint clients now have access to TIS' cash forecasting and working capital platform through Citi, according to a May 1 news release.
“Against a challenging global environment, corporate treasuries and finance teams are focused on improving liquidity and working capital management," TTS Global Head of Liquidity Management Services Stephen Randall said in the news release. "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."
The move is promoted as a means to enhance Citi's end-to-end solution suite for global banking and enable clients to optimize their liquidity, working capital and treasury funding and investing activities, the release reported. Companies can also use the insights provided by TIS through Citi to optimize liquidity more efficiently, better manage working capital deployment across suppliers and customers and improve treasury funding and investing activities.
"TIS provides an innovative platform with rich data analytics and streamlined workflows to drive enterprise cash management, forecasting and working capital optimization," the news release said. "Smart logic provides users with deep insights to their cash flows, invoicing cycles, payment trends and vendor behavior on a global scale."
"Strengthening our strategic relationship with Citi has already helped create significant advantages for the many treasury and finance professionals who rely on our services," TIS CEO Americas Chris Calhoun said in the release. "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."