Citi’s Global Transaction Services (GTS) and GT Nexus have partnered to deliver an electronic invoice presentment and payment (EIPP) solution to the ocean logistics industry. The partnership will leverage Citi’s existing electronic invoice (e-invoice) settlement expertise, currently offered to the air logistics industry, with the connectivity and standardisation technology of the GT Nexus trade and logistics portal. The solution is designed to provide ocean carriers and their freight forwarder customers a fully electronic means to present and pay ocean freight invoices.
By automating invoice processes, Citi says that its clients will benefit from a fully electronic option to present, approve, adjudicate, pay and reconcile ocean freight invoices that will result in improved cash-flow visibility, accelerated payment settlement and lower costs.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more