Global Finance Magazine recognized Citi as the Best Global Supply Chain Finance Provider for the fourth consecutive year. In addition, Citi was named the best in Trade Document Management at a global level, as well as Best Supply Chain Finance Provider in both North America and Latin America.
Global Finance’s editorial team, with input from industry analysts, corporate executives and technology experts, selected the best providers of supply chain financing and management services. A variety of subjective and objective criteria were used for choosing the winners. Factors considered included: market share and global coverage, product innovation, customer service, technology, execution skills and client-specific implementations.
Citi has been implementing Supply Chain Finance solutions for over ten years, with more than 850 established programs with buyers in 76 countries, supporting over 65,000 suppliers globally.
John Monaghan, Global Supply Chain Finance Head, with Citi’s Treasury and Trade Solutions, said: “These awards are a reflection of Citi’s partnership with clients. At Citi, we ensure that each Supply Chain Finance program achieves, and often exceeds, companies’ working capital, efficiency and supply chain objectives. We are committed to continue providing the best supply chain finance services available to our clients throughout the globe.”
Citi Treasury and Trade Solutions (TTS), provides integrated cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. With a full range of digital and mobile enabled platforms, tools and analytics TTS continues to lead the way in delivering innovative and tailored solutions to its clients. It offers the industry’s most comprehensive suite of treasury and trade solutions including cash management, payments, receivables, liquidity management and investment services, working capital solutions, commercial and prepaid card programs, trade finance and services. As of the first quarter of 2013, average deposits and other customer liability balances were $415 billion.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.