24 June 2017
download the report now

Citi launches payroll payment offering

27 September 2012  |  1349 views  |  0 Source: Citi

Citi is launching a suite of payroll payment solutions to further bolster its global payment capabilities.

The new offering will enable clients to standardize, centralize and automate their payroll payments, which makes it possible to reduce overhead costs, increase payment control and achieve higher straight-through processing rates. Clients can access the payroll payment solutions through a range of market-standard and proprietary channels.

The launch underscores Citi's commitment to providing innovative and market-leading propositions for shared services centers and is another step in Citi's long-term strategy to support our clients' goal of improving efficiency by standardizing processes.

"Payroll is an area that has traditionally been handled in a fragmented, decentralised manner" says Karin Flinspach, EMEA Head of Payments and Receivables, Citi Transaction Services. "We are seeing an increasing trend for companies to rationalise the number of payroll processes, providers and systems to yield significant cost savings, visibility and control in HR - an area many corporations view as their largest and most critical cost centre. Citi's new service provides our clients with the opportunity to streamline and standardise their payroll payment processing, thereby allowing them to achieve greater efficiency."

"Through Citi's unique breadth of proprietary solutions and global network, we are able to offer a flexible multi-country payroll payment offering which is locally relevant," says Ebru Pakcan, Global Head of Payments, Citi Transaction Services. "This new offering demonstrates our commitment to providing holistic solutions supporting our clients' full range of payment flows and cash management needs."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.finastra.comvisit www.events.sap.comvisit www.response.ncr.com

Top topics

Most viewed Most shared
Live: EBAday 2017, day twoLive: EBAday 2017, day two
9162 views comments | 4 tweets | 5 linkedin
Worldpay pilots app-only mPOS for small retailersWorldpay pilots app-only mPOS for small re...
8970 views comments | 17 tweets | 27 linkedin
Live: EBAday 2017, day oneLive: EBAday 2017, day one
8344 views comments | 3 tweets | 4 linkedin
UK banks will need to change one million sort codes under ring-fencing rulesUK banks will need to change one million s...
7964 views comments | 8 tweets | 25 linkedin
What Banks and their customers can expect for the futureWhat Banks and their customers can expect...
6669 views comments | 7 tweets | 10 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job