CitiConnect_API_Case_Study_Book

35 Enhancing Operational Efficiency | API Playbook Credit Notification API The Company Our clients is a leading global automobile manufacturing company with diverse portfolio including an extensive range of cars, sports utility vehicles, trucks, and buses. It is India’s one of the largest original equipment manufacturer (OEM) offering extensive range of integrated, smart and e-mobility solutions. • Improved collections credit notification flow from 2-hr batch to near real-time • Reliable and secure info flow for massive distribution network • Enabling a new level of inventory management The Benefits • Credit notification for upstream and downstream payments to improve overall inventory value chain effectiveness • Extended application of credit notification API in financing activities as well as operating activities Potential Uses Our Clients works on cash-and-carry model. The client receives collections from a massive network of dealers & distributors. Upon confirmation of collections receipt, the client will authorize its inventory management unit to release the goods. The process of recording the collections is currently not real-time and there is a considerable lag between receipt of collections and release of goods. The Challenge The Solution The solution is powered by the following CitiConnect APIs: Credit Notification API Original Solution Client has an existing system, which enables batch confirmation every two hours for all the collection receipts from its nationwide dealership / financing entity networks. Citi Solution Using Credit Notification API, the client can achieve near real-time push credit notifications capability for the collections received and for subsequent release of goods, greatly increasing the inventory management responsiveness.