Citi has introduced the Citi Digital Bill (CDB), a cutting-edge, fully integrated digital bill discounting solution designed to streamline receivables monetisation.
Traditionally paper-based, Bills of Exchange (BoEs) can now be handled on a secure end-to-end digital platform, replacing manual processes with CitiDirect, Citi’s proprietary receivables finance system.
With CDB, sellers, buyers, and Citi can digitally sign, endorse, and finance bills, significantly reducing the complexities and operational risks inherent in traditional trade finance.
The solution allows for quicker access to working capital, moving from a weeks-long timeline to mere minutes.
Additionally, it offers sellers enhanced security over document management, minimizing risks associated with handling and storing paper.
