Citi Global Transaction Services (GTS) has launched Citibank Commercial Cards for corporate clients in Thailand. Citibank Commercial Cards provides the benefit of an integrated cash management solution that strengthens financial operations and control over expenses.
By using Citibank Commercial Cards, corporate clients in Thailand will be provided with comprehensive, customised and online consolidated statements for expense analysis. Powered by Citibank Custom Reports System (CCRS), clients will receive the benefit of direct and seamless integration of card transaction data into expense management systems including CONCUR, SAP, Oracle or Citi’s Global Card Management System (GCMS).
The Citibank Commercial Cards solution benefits clients by providing:
- Real-time spend visibility and reporting through multiple expense control options and by limiting exposure by user.
- Simplifying and automating travel, entertainment and procurement expenditures management and reconciliation.
- Maximising global data and systems integration of spend data, which helps to automate card spend direct to clients’ accounting/general ledger systems.
- Promoting a paperless work environment through a consolidated e-statement and limiting reliance on traditional paper-based individual bank statements by providing summaries, statements and additional information about transactions are all available online.
“This is start of a new journey for corporate and institutional cash management in Thailand,” said Sandip Patil, director, treasury and trade solutions head, GTS, Citi Thailand. “As pioneers of cash management, we are confident our corporate clients will welcome this next generation product from Citi. Cards platforms are known for convenience, speed, visibility and efficiency. By embedding cards into to our leading cash management solutions, our corporate clients can get best of both the worlds. With proven success across multiple markets globally, this will go a long way in improving order-to-pay cycle KPIs and more importantly, provide an online analytical tool to control and reduce expenses for our corporate clients in Thailand.”
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