Citi, CredAble partner for digitalised invoices, trade finance controls

The platform can validate invoices by verifying over critical fields such as values, dates, amongst others.

Citi and CredAble partnered to digitise its trade finance controls and post-disbursement invoice validation across global markets.

A white-labelled platform by CredAble can add a verification layer to Citi’s digital trade loan tools, CredAble said in a release.

The platform is designed to validate invoices against government-backed digital public infrastructure, and detect inconsistencies by verifying over 10 critical fields such as invoice numbers, values, dates, and transport data, it added.

With a single administrative view for corporates, the platform reduces manual follow-ups and improves the quality of financed invoices, leading to more predictable capital flows.

Established in 2017, CredAble is India’s largest working capital technology platform, enabling more than $11b annually in working capital for large, mid, and emerging corporates, MSMEs, and financial institutions in the country, the firm said.