Oracle ERP Cloud Customers Get Direct Connection to Citi Treasury Service
The Citi and Oracle ERP Banking-as-a-Service (BaaS) Connector is now available, speeding integration and time to payment for the companies’ joint customers.
With this, the organisations will be able to access Citi’s Treasury and Trade Solutions services via the Connector.
Using the CitiConnect application programming interfaces (APIs), Oracle ERP Cloud customers can connect to the suite of Citi Treasury and Trade Solutions. This enables integration with Citi’s core treasury management functionality, which currently allows payment initiation and is soon expected to extend to transaction status inquiry and balance inquiry.
The Connector uses existing functionality within Oracle ERP Cloud to send payment information securely and directly to Citi without leaving the application. By simplifying these treasury operations, the companies say that corporations can reduce the need for specialised development resources and complex integrations. And with processes, payment instruments, and country-specific rules built in, customers can cut the overall time it takes to connect Oracle ERP Cloud and Citi, while delivering a seamless corporate payments experience.