Demica's Citadel platform is a real-time reporting solution designed to monitor and report on invoice based transactions. Invoice based transactions for a diverse range of multi-national clients are processed on Demica's Citadel platform, which is considered the most trusted and proven, independent reporting solution in the marketplace.

Designed to operate seamlessly across multiple jurisdictions, time zones, currencies, languages and operating systems, the rich functionality and high volume capacity of Citadel facilitates the complex nature of trade receivables securitisation transactions and supply chain finance solutions alike. Demica’s Citadel ID solution offers significant benefits to players in the Invoice Discounting market.

Citadel offers fully-hosted secure ASP technology, accessed and operated by a web interface and requiring no IT installation or development by our clients. The platform offers high volume, dynamic asset-processing capacity. Citadel’s secure connections ensure data security and integrity.

The Citadel Platform: a demonstration

Online demonstrations of Citadel SCF (Demica's Supply Chain Finance Platform), Citadel ID (Demica's Invoice Discounting Platform) and Citadel ASP (Demica's Trade Receivables Securitization Platform) are available for viewing here.

Citadel ASP for trade receivables transactions

Citadel ASP has the functionality to monitor and report on the substantial volumes of trade receivables information required to facilitate successful securitization transactions. The web-based platform offers the ability to track individual invoices across multiple sales ledgers, facilitating client reporting to rating agency standard, with minimal disruption to local operating companies.

The Citadel ASP solution supports the consolidation of trade receivables data from multiple operating companies into a single database, applying highly automated tools and workflow processes to consolidate, monitor and report on the data. What differentiates Citadel ASP from other market solutions, is the level of control, flexibility and visibility it offers clients, through its comprehensive working capital management drill-down capability.

Across multiple jurisdictions, invoices are consolidated from all securitization programme participants from a multitude of operating systems. Citadel ASP consolidates this data, facilitating the rating agency standard reporting required for each individual securitisation transaction. Built-in reporting functionality generates customised bank reports, head office reports, operating company reports and back-up servicer reports.

You can read a working capital management case study on the implementation of a Securitization programme here.

An online demonstration of Citadel ASP, Demica's Trade Receivables Securitization Platform, is available for viewing here

Citadel SCF for supply chain finance solutions

Citadel SCF enables any or all of the parties in a supply chain financing solution (the lender, the buyer and its suppliers) to track invoices, their performance and the funding in a consistent format. It offers suppliers and lenders the option to select eligible invoices for funding. Invoice data is collected and displayed through Citadel SCF.

If invoice eligibility is predetermined under the commercial terms of a deal, Citadel SCF will apply those eligibility, limit and selection criteria and process and display the invoice data, providing on-line visibility to the process from daily (or any other frequency) submission of the invoices into the programme; through to daily (or any other frequency) automated settlement instructions. For historic record and audit purposes, data on each invoice is retained in the system even after final settlement.

You can read a case study on the implementation of a Supply Chain Finance programme here.

An online demonstration of Citadel SCF is available for viewing here.

Citadel ID for invoice discounting solutions

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; and introduce greater risk management capability.

You can read a case study on how Close Invoice Finance have used Citadel ID to gear up for growth here.

An online demonstration of Citadel ID for invoice discounting is available for viewing here.

Citadel ASP -Demica's Trade Receivables Securitisation Platform for trade receivables securitisation and asset based lending