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Citi&rsquo;s global network and cash pooling solutions are designed to work seamlessly with TIS&rsquo; analytics and forecasting tools to help improve your cash and working capital management. Working together, Citi and TIS aim to advance the smart treasury journey from historic reporting to predicting liquidity and working capital through a fully automated, integrated, and intuitive workflow. 
Citi &amp; TIS At-a-Glance
<ul>
<li>A Multi-Year Partnership</li>
<li>Award-Winning Solutions</li>
<li>Easy Setup &amp; Onboarding</li>
<li>Focus on Cash Forecasting &amp; Working Capital Solutions for Treasury &amp; Finance Teams</li>
</ul>
Value Delivered
Citi and TIS can help companies automate the aggregation and analysis of their global banking, treasury, sales, AP/ AR, and P&amp;L data to maximize the accuracy and completeness of their cash forecasts. At the same time, treasury can use advanced, smart-logic enabled tools to evaluate their data and identify gaps in reporting to improve accuracy over time. Analyzing the cashflow data captured by TIS can help uncover unique supplier or vendor payment behaviors, invoicing cycles, and liquidity trends across the business. It can also help companies determine how these behaviors and cycles are evolving over time.
Cash Forecasting
<ul>
<li>Advanced Workflow Setup</li>
<li>Smart-Logic to Improve Forecast Accuracy</li>
<li>Dynamic &amp; Visual Reporting Interfaces</li>
<li>Effective Variance &amp; Scenario Analysis</li>
<li>Extensive Drill-Down Features</li>
</ul>
Effective Automation of forecasting &amp; cashflow analysis to reduce manual &amp; error-prone workflows. 
Working Capital
<ul>
<li>AR &amp; DSO Metrics</li>
<li>AP &amp; DPO Metrics</li>
<li>Payment Behavior Trends</li>
<li>Invoice Drill-Downs</li>
<li>Net / Days Working Capital Analysis</li>
<li>Flexible Reporting Dates / Windows</li>
</ul>
Tailored Pricing ensures that teams only pay for the exact scope of what they purchase. 
Technology Setup
<ul>
<li>100% Cloud-Based</li>
<li>99.95%+ Uptime</li>
<li>API-Enabled</li>
<li>Simple Onboarding</li>
<li>Dedicated Support</li>
<li>Customizable Configuration</li>
</ul>
Assisted Management of major software &amp; IT functions to simplify system configuration &amp; support.
NEXT STEPS FOR LEVERAGING THE TIS &amp; CITI SOLUTION
To learn more about the Citi and TIS partnership and how to benefit from it, contact your Citi representative.
<ul>
<li>Discuss with your Citi rep</li>
<li>Determine scope of needs</li>
<li>Receive a tailored demo</li>
<li>Decide on next steps</li>
</ul>

Corporate treasuries and finance teams face multiple challenges driven by fragmented technology infrastructures, numerous ERP Systems, incomplete data, and inefficient manual processes.

To help resolve these challenges, Citi is working with TIS, a cloud-based provider that specializes in cash forecasting and working capital solutions for CFOs, treasurers, and finance teams, to provide an automated digital treasury solution. Using TIS, companies can effectively track, aggregate, classify, and analyze vast amounts of financial, cash, and payments data across their global banks, entities, vendors, and partners. With access to this data, companies can get deeper insights into their needs and realize the promise of fully automated treasury operations. 

Citi & TIS Drive Cash Forecasting & Working Capital Efficiency for Treasury

This publication will provide Asian corporates telling insights from research conducted on leading businesses in the region. The research, carried out by Citi in partnership with East &amp; Partners, identifies companies&rsquo; principal concerns as they look towards 2023 and beyond. The following articles also offer clear and practical steps that companies should consider to overcome today&rsquo;s most pressing challenges. 
Costs are rising, liquidity remains stretched and supply chains suffer disruption from a myriad of factors, including geopolitics. But strategies and solutions are at hand to manage these hindrances. Throughout this magazine, we have presented unique findings on how companies can discover ideas for improving credit terms and using structured products to lower their cost of capital and manage risk simultaneously. They can also learn how to invest effectively in digitalization and optimize working capital by improving efficiency via active payables and receivables management. 
Put together, the data from our survey and the practical advice from some of our trusted partners can help companies define and activate the quickest route out of today&rsquo;s complexity; for a route that offers greater clarity of the future and sets companies up for better times ahead.

The corporate landscape across Asia has rarely appeared more complex. Companies, big and small, face significant challenges; and how they go about overcoming them will determine their success or failure over the coming years.

Supply Chain Synergy

Britt Jensen

Britt Jensen, Principal, Client Advisory, Treasury and Trade Solutions, Citi

Additional Attributions from TTS Client Advisory

with contributions from Sofia Putri, Advisor, Client Advisory, Treasury and Trade Solutions, Citi and the Citi TTS Client Advisory Team

2022 was the first year post-pandemic when the world was supposed to return to normal. It began with countries opening, trade picking up, people resuming travel and life beginning to return to a new normal. Then came an increase in geopolitical unrest, trade tensions, supply chain challenges, soaring inflation, rising interest rates, FX volatility and an energy crisis.
So what is the backdrop for treasury in 2023? How does that shape priorities this year?
We do not make prognostications on economics and geopolitics or recommend when to do a trade based on the latest market conditions. We do see a backdrop of many companies starting the year with very positive business projections, allied to a generally constructive macroeconomic outlook. Within the first quarter, however, we experienced second-order impacts of the central bankers&rsquo; fight against inflation, changing geopolitical dynamics between major world powers and climate and energy strains. At the risk of recency bias, our take in Client Advisory is that volatility may not subside in 2023, and treasurers may be best off being ready for more stormy weather ahead.
On a positive front, today, many of us work in ways we much prefer to our old office-bound routines. We all read of groundbreaking advances in technology on what seems like an almost daily basis. Closer to home, leading treasurers are taking advantage of new opportunities to support their companies&rsquo; revenue growth while ensuring financial efficiency, managing risk and optimizing capital.
With all that said, we see three themes arising as top treasury priorities for 2023:
<ol>
<li>Treasury as value generator.</li>
<li>New ways of working and enhancing the treasury skillset.</li>
<li>Continued focus on fundamentals.</li>
</ol>
Treasury as value generator
The pandemic highlighted the importance of having available cash at the right time and at the right place. Treasury was recognized as a critical resource and a trusted partner to the C-suite. This year, leading treasuries should seize the opportunity to embed their roles as value generators by supporting business growth and development.
With the dramatic rise in the cost of capital, at many companies the biggest opportunity may be in creating focus on preserving capital and reducing reliance on external funding. A key aspect is improving working capital management and accelerating cash conversion cycles. Since unilaterally delaying supplier payments or trying to forcibly shorten days receivable carries significant business risk, what is needed is a strategic and thoughtful approach that identifies and eliminates inefficiencies across the cash conversion cycle. This is where treasury can create value. It can drive a cash culture across the organization to influence a broader understanding of how liquidity and working capital utilization impacts financial performance. It can help ensure that departments across the finance and business organization understand the impacts of inefficiencies in end-to-end operations impacting working capital needs. And it can be a catalyst for aligning policies, procedures and technology with working capital KPIs, thereby creating discipline on the use of cash.
Each company is unique, and each treasurer is best placed to identify the most material opportunities for their company. Our point is that treasurers should leverage the momentum to become more than a support function and demonstrate the tremendous value add for firms in engaging treasury across financial and operational decision-making.
New ways of working and enhancing the treasury skillset
The second theme on the priority list this year is the complex combination of juggling new ways of working with building the future skillsets needed in treasury.
Last year&rsquo;s top treasury priorities touched on the topic of attracting and retaining talent within the organization. This year, treasury organizations will need to settle on the best ways of remote working in a function that is such an information nexus.
Hybrid and remote working create opportunities, including boosting employee morale and creating the potential for treasury organizations to source the best talent without geographical limitations. Remote working can also create challenges. This can include a loss in productivity if staff are not physically working together and creating synergy off each other&rsquo;s ideas, and the risk of being exclusionary for those whose personal circumstances are less suitable for remote working. Nevertheless, with the rise in alternative operating models, and hybrid and remote working options, we see a trend toward the treasury workforce increasingly being recruited globally rather than locally. This is where the concept of 24/7 treasury takes on a new dimension to include the element of people.
With the added focus on treasury being a value-generating partner to the business, treasurers also need to build the skills that will be vital for the years ahead. The pace of technology development is heightening the need for tech-savvy treasury staff, with team members at all levels comfortable at deciding how business requirements can be addressed through technology solutions. Skills likely to become increasingly in demand include coding, data science and analytics, AI and machine learning, and understanding system architecture and integration management.
At the same time, softer skills including strategic thinking on their firms&rsquo; changing businesses and industry dynamics (and potential demands on and opportunities for treasury), and influencing and communication skills will be important additions to an already complex role, where core finance and accounting competencies remain essential. The challenge for treasury is that these skills are highly desirable and transferable to other parts of the business and across most industries.
In an already highly competitive market, where attracting and retaining talent is an imperative, each treasurer will need to find the right mix of incentives, flexibility and development opportunities for their organization.
&nbsp;
"The choice for treasurers now is how to be more intentional in evolving their function to support their&nbsp; firms&rsquo; growth as the world enters a new phase of&nbsp; dynamic change."
&nbsp;
Continued focus on fundamentals
The third theme focuses on treasury fundamentals. The market outlook, and even recent attention on counterparty risk, is a reminder that it is as important as ever to ensure the fundamentals are strong.
From our engagement at many companies, fundamental areas that still require focus are:
<ul>
<li>Cash visibility and accessibility.</li>
<li>Liquidity centralization.</li>
<li>Rationalization of bank accounts and relationships.</li>
<li>Automation.</li>
</ul>
Treasurers can close gaps in full visibility and accessibility of cash by leveraging readily available technology. Multibank reporting is available through many alternatives, including information aggregators. TMS and ERP platforms should be upgraded to support the newest connectivity, including APIs and Swift connectivity.
It is also a good time to evaluate existing cash centralization and pooling structures if this has not been done for a period. The goal should be to optimize liquidity globally by maximizing the participation of legal entities, countries and currencies within the limits allowable by regulations. Even enhancing intraday liquidity management &mdash; for example, leveraging recent advances in open banking and instant payments to concentrate cash faster from local collections banks &mdash; helps both liquidity management and counterparty risk management. It may also call for looking again at regulated markets. Historically, many companies left Emerging Markets out of pooling structures due to FX and capital controls. The reality is that regulations evolve, and many markets become more flexible as part of the effort to attract FDI. Liquidity optimization should be treated as a continuous process of assessing changes in the company&rsquo;s operating business, regulations and tax considerations.
This leads to reviewing bank account structures to rationalize and simplify where accounts no longer serve a strong business purpose. By adding KPIs along with rationalization, treasurers can actively work to reduce the number of banks and accounts &mdash; lowering cost, risk and operational complexity.
Finally, treasurers should vigorously pursue opportunities to automate manual tasks. Automation is critical to reducing people-dependency and ensuring end- to-end efficiency in centralization of cash for intercompany funding, paying down debt or investing to take advantage of higher interest rates. Upgrading systems and automating processes helps treasury organizations free up resources, reduce risks, and avoid process redundancy.
Watchlist
ESG remains of interest to treasurers. Based on data from Citi Treasury Diagnostics, our global benchmarking survey, for 70% of companies ESG was extremely, very or moderately important. However, only 20% have treasury KPIs associated with ESG objectives. With the introduction of Scope 3 emissions and reporting standardization, we believe that ESG will be one to watch in the future for treasury with a potential shift in focus from E to G.
<img style="float: right;" src="https://icg.citi.com/rcs/v1/media/icgPublic/akpublic/storage/retrieveMediaFile/64876730c2fbaf78fbc8934a" alt="TTP" />
Aftermath
Treasurers often see themselves as risk managers, assessing all scenarios to identify and set a path to risk mitigation. The disruptions of recent years have given them new opportunities to create significant value for their firms. We noted that leading treasurers are adopting a broader outlook &mdash; supporting their companies&rsquo; revenue growth, as well as ensuring financial efficiency, managing risk and optimizing capital. Has the time now come for all treasurers to stake this new ground?
Client Advisory will continue to offer our research and perspectives for treasurers throughout the year. Please reach out to your Citi Representative for further updates.

Over the last few years, unforeseen challenges have placed a spotlight on treasury as a critical resource for the firm. What should be on treasurers’ minds as they venture forward this year?

2022 was the first year post-pandemic when the world was supposed to return to normal. It began with countries opening, trade picking up, people resuming travel and life beginning to return to a new normal. 

The top treasury priorities of 2023: Key themes for treasury

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As our premier thought leadership product, Citi Global Perspectives & Solutions (Citi GPS) is designed to help our clients navigate the global economy’s most demanding challenges, identify future themes and trends, and prosper in a fast-changing and interconnected world. 

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