Citigroup Streamlines Bill Discounting with New Paperless, Digital Solution For Clients

Citigroup, Inc. (NYSE:C) launched Citi Digital Bill (CDB), which is a modernized digital bill discounting solution that streamlines a historically paper-intensive process.

CDB removes the need for physical documents, couriers, and the manual handling of paper across various locations.

For sellers, this provides a quicker, more transparent receivables management process, reducing the time to monetize receivables from a week to under an hour.

CDB is a paperless solution within CitiDirect, replacing traditional Bills of Exchange by allowing digital signing, endorsement, and financing of receivables.

This innovation reduces delays and manual handling, accelerating receivables monetization and enhancing transaction transparency for all parties ...