Citi® Working Capital Analytics (CWCA): A tool to unlock opportunities to drive card spend for Accounts Payable and optimize your Commercial Card programs.

Citi Working Capital Analytics can help your organization realize potential cost savings and greater efficiency within your Accounts Payables processes while maximizing financial rebates. CWCA is an analytics tool, which conducts in-depth analyses across all spend categories to provide visibility into your overall expenses. You will receive actionable reporting and benchmarking data to help you better understand how and where you are spending.

Participating in a Working Capital Analytics review is easy and completely confidential. Here are the steps to perform a CWCA diagnostic:

  1. We provide you with a data request form to pull from your Master Vendor File within your Enterprise Resource Planning (ERP) or Accounts Payable (AP) system
  2. You send the AP data file to us and participate in an interview before we perform the analysis
  3. We complete an analysis of your supplier base and spend, including credit card acceptance and adoption probability
  4. We recommend payment methods and a strategic approach to managing your financial supply chain, including developing a list of suppliers to pursue and ways to streamline your entire procure-to-pay process
  5. We work with you to assess the recommendations, align them with products and services we offer, and develop an action plan for unlocking opportunities within our Commercial Cards set

CWCA is an important tool to optimize your Virtual Card Accounts (VCA) program, providing additional insight to enable you to capture more spend. The CWCA report will identify and target suppliers likely to convert to single-use virtual cards for Accounts Payable spend. It draws on your existing data, such as transaction size, payment frequency, supplier industry, and payment terms to design strategies that will help maximize virtual card acceptance.

CWCA is just one aspect of the Citi Integrated Payables solution. Citi will also work with you to develop and communicate marketing campaigns to target suppliers, enroll them, and simplify reconciliation of the payment for suppliers with online historical data. To learn more about the Citi Working Capital Analytics tool, please contact your Citi representative.