GTreasury

GTreasury Helps GE Win 2012 SWIFT Implementation of the Year Award

General Electric

Learn how GE solved the problem of accessing and retaining bank account statement information for 14,000 accounts, across more than 100 banking relationships and 98 countries. Through GTreasury's customization of GE's workstation, GE is now able to retrieve, process, store, and pass along these statements in an electronic format.

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Highlights:

  • How GE solved the problem of accessing and retaining bank account statement information for 14,000 accounts, across more than 100 banking relationships and 98 countries
  • Dramatically reduce the effort needed to ensure compliance with internal rules and processes around risk and security by introducing automation and standardization
  • GE has already realized process efficiency cost savings of approximately US $200,000 in one year
"The corporation successfully introduced an electronic statement (eStatement) solution this year, working with GTreasury, SWIFT, and its key banking partners at Bank of America Merrill (BofA Merrill) and JP Morgan (JPM) to develop it."

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