Citibank^® Receivables Consolidation and Matching

Citibank® Receivables Consolidation and Matching solution enables you to streamline your receivables processing when your customer pays using Checks from Lockbox or paper/electronic ACH, SWIFT™ or Telex. Checks and electronic payments are passed as consolidated entries into your Citibank accounts, maintaining valuable remittance information in one file for uploading into your accounts receivable system. This consolidated file can then, if desired, be matched against open items in your accounts receivable file sent to us in advance. All matched/exception data is transmitted back to you, where your accounts receivable/enterprise resource planning systems can be automatically updated.

Easily interfacing with your existing systems, Citibank Receivables Consolidation and Matching solution helps you process helps you:

• Streamline processes for accelerated collections and allocations
• Lower processing costs and save time
• Reduce errors by eliminating data entry
• Free resources to focus on exceptions