NEW YORK--(BUSINESS WIRE)--Citi Treasury and Trade Solutions has won the 2015 Celent Model Bank award for innovation, effective use of technology and integration excellence for the CitiConnect ERP Integrator. The award recognizes Citi’s business strategy to deploy a flexible, cost-effective, and non-intrusive integration solution across all regions to provide global products and services.
The CitiConnect® ERP Integrator is Citi’s innovative offering for integration between a corporate client’s enterprise resource planning (ERP) system and Citi, via an accommodating, economical, seamless solution. It leverages existing ERP capabilities with no additional required development and enables the ERP to automatically extract all required payment details in a predetermined format that can be immediately accepted for processing. The CitiConnect ERP Integrator allows client onboarding up to 60% faster since no file programming is required and there is no impact to the internal processes within SAP.
"Being recognized with this prestigious award is a strong testament to our client-focused digital strategy and commitment to innovation. The CitiConnect ERP Integrator was designed to be a creative and innovative technology solution that exemplifies Citi’s willingness to partner with our clients." said Naveed Sultan, Global Head of Citi's Treasury and Trade Solutions business. “This tool helps our clients get integrated with Citi faster, which in turn reduces project costs and complexity, and improves the client experience.”
"Celent is pleased to present this award for the CitiConnect ERP Integrator," said Gareth Lodge, Senior Analyst with Celent’s Banking Group. "We had many excellent nominations this year, but Citi’s innovative integration solution stood out, as it not only solves a significant challenge for clients, but does so by utilizing the tools and capabilities already available to the corporate user, minimizing the impact on the client."
The CitiConnect® ERP Integrator is an ERP integration extension of CitConnect®, Citi’s industry leading connectivity platform, and is part of the omni-channel electronic banking product suite that also includes CitiDirect BESM, CitiDirect BESM Mobile and CitiDirect BESM Tablet. All payment instruments across the 100+ countries supported by Citi through the CitiConnect platform are available.
Citi Treasury and Trade Solutions (TTS) enables our clients' success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organizations across the globe. Based on the foundation of the industry's largest proprietary network with banking licenses in over 100 countries and globally integrated technology platforms, TTS continues to lead the way in offering the industry's most comprehensive range of digitally enabled treasury, trade and liquidity management solutions. www.transactionservices.citigroup.com
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.
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