With its transportation payment solution, Syncada directly addresses the needs of companies facing the challenges of managing large supply chain operations via its online collaborative system.
It removes the paper from invoicing and payment processes by converting all invoices into electronic data and routing those invoices through an electronic workflow.
Plus, through audits, Syncada addresses the complex audit needs requirement to manage transportation payments.
Syncada said Citi can also offer its clients a series of financing programs via Syncada to better manage their cash flows.
Syncada CEO Kurt Schneiber said adding Citi to the Syncada network is significant forthem. Citi has a well-founded reputation for smartly introducing innovative products and operating as a global bank with an operational presence all over the world.
"Citi’s decision is a validation of our strategy in the financial supply chain market. We look forward to working closely with Citi to enhance the service offering for their customers," Schneiber said.
