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Optimize Working Capital — Achieve Supply Chain Efficiency
Citi®
Integrated Freight Processing
2
Trends in Transportation Spend ManagementOrganizations are focused on reducing costs and improving working capital by managing freight processing spend.
What is Citi® Integrated Freight Processing? Citi® Integrated Freight Processing is a collaborative SaaS solution designed to streamline transportation payment process, reduce costs and improve working capital.
Did you know... • Best-in-class companies spend
an average of $9.81 to process a freight invoice*
• Citi® Integrated Freight Processing saves over 90% in processing cost—over $1 MM on a $100 MM transport spend
What companies are doing to optimize working capital and reduce risk?• Automating processes
• Reducing cost
• Enhancing audit and compliance
• Consolidating with trusted providers
*Source: Aberdeen Group
Citi® Integrated Freight Processing is a collaborative SaaS solution designed to streamline transportation payment process, reduce costs and improve working capital.
Shipper (Buyer) Challenges
•Improveworkingcapital—extendDPO
•Complianceriskwiththirdpartyproviders
•Improvecashforecasting
•Significantauditexpenses
•Real-timevisibilityinsupplychainbusiness intelligence
Carrier (Supplier) Challenges
•Acceleratecashflow
•ImproveDSO
•ReduceARcarryingcost
•Eliminatepaperinvoices
4 1
2Data Exchange
Audits and Approvals
Integrated Business
IntelligenceGenerate Journal Entries
Citi
Contract Management
Invoices
5
Payment
3
Single Monthly Invoice with Journal Entries
and Accruals
X
Payments 4 Day Average
Online Collaboration (Dispute Resolution)
Shipper
• Improve working capital (ExtendDPO)
• Enhance audit and compliance
• Mitigate risk
• Reduce cost
Carrier
• ImproveDSO
• Accelerate cashflow
XXX
3Citi Integrated Freight Processing | Optimize Working Capital — Achieve Supply Chain Efficiency
Value Proposition and Finance BenefitsOrganizations are focused on reducing costs and improving working capital by managing freight processing spend.
Citi® Integrated Freight Processing vs. Third Party Payers (3PPs)Improve your cash flow and reduce the credit risks of working with third party payers.
Real-time Business Intelligence
Generate JournalEntries and Accruals Mitigate Risk
Enhance Audit and Compliance
Improve Working Capital
Risks with 3PPsBenefits with Citi® Integrated Freight Processing
Prefundingvs. Financing
•Pre-funding
•Shipperpre-fundsthe3PP
•Shipperisobligorineventof3PPdefault(missedpaymentsorfraud)
•Financing–DPOextension
•ShipperreimbursesCitiwithsinglemonthly payment
•Carriersreceivefundsinaverageof 4 days delivering significant improvementinDSO
Compliance •3PPsnotrequiredtobecompliant •SSAEcertified(formerlySAS70)
Reduced Expenses•Somethriveonmultipleauditsand
post audits•Citionlychargesforaudited,approved
and paid transactions
•Eliminatesneedforpostaudit
Real-time Visibility in Financial Supply Chain
•Mostof3PPsdonothavereal-timevisibility in financial supply chain
•Real-timevisibilityinaccrued freightexpense
•Standardizeddataandconsolidatedsupply chain reporting
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Value Proposition and Supply Chain BenefitsImprove working capital, processes, service levels and visibility to reduce costs.
Real-time BusinessIntelligence
Reduce Costs and Simplify Processes
Improve CarrierWorking Capital
Enhance Audit
Automate andSimplify Processes
Business Analytics Citi® Integrated Freight Processing Business Analytics help you thrive by enabling you to
discover real-time opportunities to strategize, plan and optimize supply chain.
Data Exchange
Audits and Approvals
Generate Journal EntriesCiti
Contract Management
Ad-hoc queries
Reports SchedulerStandard Reports
Personalize Reports
Logistics—Supply Chain Analytics
Real-time Actionable Analytics
Finance— Spend Analytics
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5Citi Integrated Freight Processing | Optimize Working Capital — Achieve Supply Chain Efficiency
Mechanics and Structure Citi® Integrated Freight Processing is a collaborative SaaS solution designed to streamline transportation payment process, reduce costs and improve working capital.
Next Steps What are the next steps?
InviteCitiforaComplimentaryAnalysistoExploreBenefitsofCitiIntegratedFreightProcessingthatinclude:
–Improveworkingcapital
–Reducecostsandsimplifypaymentsprocessing
–Enhanceauditandcompliance
PleasecontactyourCitirepresentativeorourCitiIntegratedFreightProcessingspecialists(below)foracomplimentaryanalysis.
Hero Changlani Director,TradeSalesConsultant +1(646)725-0604 [email protected]
Jeffrey Carlson VicePresident,TradeSalesConsultant +1(612)840-5051 [email protected]
4
7
3
6
Data Exchange
Audits and Approvals
Integrated Business
IntelligenceGenerate Journal Entries
Citi
Contract Management
Single Monthly Invoice with Journal Entries and Accruals
Contracts
8
Business Intelligence
Invoices
Payments 4 Day Average
Payment
1
2
Bill of Lading
X
5 Manual Exception Approval
Online Collaboration (Dispute Resolution)
Shipper
• Improve working capital (ExtendDPO)
• Enhance audit and compliance
• Mitigate risk
• Reduce cost
Carrier
• ImproveDSO
• Accelerate cashflow
XXX
Notes
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