Citi wins federal agency mandate to streamline transportation payables

Source: Citigroup

Citi today announced that it has been selected by the U.S. General Services Administration (GSA) to support the launch of a new service, PayPort Express, to help federal agencies streamline the management of transportation payables.

Citi 's Global Transaction Services is the solution provider for PayPort Express which eliminates manual processes by automating the complex audit, approval and payment requirements associated with transportation-related expenses. This processing and payment capability is a key component to modernizing GSA's end-to-end transportation solution and enhances strategic sourcing.

PayPort Express utilizes Citi's global supply chain network in partnership with Syncada®, a specialized payment platform for managing transportation payables. PayPort Express delivers to U.S. Federal agencies a web-based system for automating transportation audit and payment processes, removing manual labor and paper from the work environment, as well as enhancing the vigor and accuracy of payment and accounting. Additionally, this new, electronic service delivers robust data mining to help agency shippers elevate visibility into their supply chain. The invoice and payment review, negotiation and approval steps are also improved through online collaboration between agencies and shippers. PayPort Express was launched November 1st, 2011.

"We are excited about our mission to help government manage transportation services more efficiently and source more strategically. We listened to our customers and through PayPort Express federal agencies will be able to consolidate and manage freight expenses, reduce costs and are already gaining visibility into spend through data management enhancements," said Tim Burke, Director Office of Travel and Transportation Services, GSA

"At Citi, we realize that government agencies are under tremendous pressure to do more with less and we are particularly pleased to be working with the GSA to help agencies achieve their cost containment and productivity improvement goals," said Kevin Fitzgerald, Managing Director, Head of North America Public Sector, with Citi's Global Transaction Services. "PayPort Express is a field-tested solution that both meets the spece specific needs of government entities and provides best-in-class tools for increasing efficiency and driving down processing costs for transportation invoices and payments -- a winning proposition for U.S. government agencies and their transportation service providers."

Citi is a leading transaction services provider to the U.S. Treasury Department, the U.S. Department of State and the U.S. General Services Administration. Citi supports the U.S. Federal government with its global reach and on-the-ground presence in more than 95 countries.

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