Citi is launching Citi Consolidate™, an invoice processing solution designed to digitize parts of international trade workflows for buyers and their suppliers. Multiple outlets report that the offering is powered by Infor Nexus, Infor’s cloud supply chain business network. Citi Consolidate™ focuses on streamlining document and transaction steps that connect buyers, their suppliers, and Citi’s processes.
The solution is positioned as an end-to-end digital workflow that supports invoice approval as well as purchase order and payables processing. According to the reports, it is intended to reduce manual document handling by simplifying invoice creation and reconciliation, and to improve straight-through processing by enabling more automated matching and workflow routing across the parties involved.
Both sources describe the announcement as a collaboration between Citi and Infor, with Citi Consolidate™ built to integrate into the Infor Nexus environment used for supply chain and trade-related coordination. The updates do not specify pricing, customer rollout details, or specific technical implementation timelines beyond the solution being made live at the time of the announcement.
