Based on the marketplace success of the Citadel platform in securitisation transactions and supply chain financing, Demica have developed a specific solution, Citadel ID, which offers significant benefits to players in the Invoice Discounting market.

Citadel ID is an innovative risk management solution that offers providers of Invoice Discounting solutions the ability to access invoice-level control for all related transactions – driving overall business performance. The Citadel ID solution enables clients to:

• Generate additional revenue through business expansion



• Increase operational efficiencies, generating significant cost savings



• Introduce greater risk management capability

• The ability to migrate existing factoring clients to lower-cost, higher-margin Invoice Discounting



• Reduced risk through management of debtor concentration risk



• Transparency and clarity in relation to the "ownership" of invoices



• Complete visibility of all invoices via a secure, robust online solution with historical views



• Risk mitigation with up-to-date client ledger files



• Complete automation of real-time balances for client payments and factoring

Download a full report (pdf) on the evolving invoice discounting market in Northern Europe and associated technology requirements.