Citi said that the web-based TreasuryVision platform provides a single window for global visibility into aggregated account information for cash, investments and debt. Corporations use it to view cash positions, create cash flow forecasts and manage global liquidity and counterparty risks more effectively.
According to the Citi, the newly added module captures funding activity in one globally accessible on-line system, and streamlines the tracking and reporting of financial flows and makes it easier to control and monitor related activities.
Through this new module, corporations can now also process internally managed intercompany funding activity through TreasuryVision.
Citi claims that it’s TreasuryVision platform already provides clients with on-line reporting on their automated global concentration and notional pooling activity through its Global Liquidity & Investments services.
Citi’s Global Transaction Services Global Head of Liquidity and Investments Elyse Weiner said that Intercompany lending is an important source of funding for global firms. A well-run program gives a company greater control over funding sources, tax liabilities, repatriation and foreign exchange exposures, all of which reduce its risk profile.
Global Transaction Services Global Head of TreasuryVision Cindy Gerhard said that this new service provides a well-defined loan management process. It simplifies the complexities of coordinating even the most elaborate cross-border lending activities, without requiring an investment in technology. It eliminates less efficient tracking via spreadsheets and off-line archives of loan agreements.
Citi added that intercompany lending management solution is available as part of its on-line banking package and available globally across the Citi footprint of over 160 countries, as with all other TreasuryVision functionality.
