eStatements


eStatements

Audit requirements force organizations to retain bank statements and other documents for a certain number of years.  As a result, many organizations—especially larger ones – are bogged down with the sheer volume.  At most companies, treasury professionals must log in to numerous bank systems, manually download and print reports, and then store them somewhere.  Aside from the expense and energy involved in these tasks, retrieving statements from banks involves a fee.  And overlapping statements across many entities results in redundancies and excessive duplicate fees.  It’s a mess.

GTreasury’s eStatement functionality is the solution to these issues.  A green initiative, initiated by General Electric with support from SWIFT and Bank of America, eStatements allows organizations to automatically download these statements, organize them into the GTreasury TMS, and then store and sort them for future reference.  With GTreasury’s eStatements, organizations now have a single secure, electronic location for all their bank statements, alleviating costs and saving paper and storage space.  Statements may be retrieved quickly and at any time by users with the proper permissions. No more retrieving and printing out large volumes of statements, then figuring out where to store them. 

Key Benefits:

  • Centralized location for all bank statement information
  • Greatly reduced time and cost for statement management, allowing personnel to focus on higher-value activities
  • Support of green initiatives and environmental protection
  • Easier compliance with audit controls
  • Enhanced security by keeping data stored in the GTreasury environment

Contact us to learn more about GTreasury’s Banking solutions, or read our case study on how GTreasury Helped GE Win 2012 SWIFT Implementation of the Year Award.

Audit requirements force organizations to retain bank statements and other documents for a certain number of years.  As a result, many organizations—especially larger ones – are bogged down with the sheer volume.  At most companies, treasury professionals must log in to numerous bank systems, manually download and print reports, and then store them somewhere.  Aside from the expense and energy involved in these tasks, retrieving statements from banks involves a fee.  And overlapping statements across many entities results in redundancies and excessive duplicate fees.  It’s a mess.

GTreasury’s eStatement functionality is the solution to these issues.  A green initiative, initiated by General Electric with support from SWIFT and Bank of America, eStatements allows organizations to automatically download these statements, organize them into the GTreasury TMS, and then store and sort them for future reference.  With GTreasury’s eStatements, organizations now have a single secure, electronic location for all their bank statements, alleviating costs and saving paper and storage space.  Statements may be retrieved quickly and at any time by users with the proper permissions. No more retrieving and printing out large volumes of statements, then figuring out where to store them. 

Key Benefits:

  • Centralized location for all bank statement information
  • Greatly reduced time and cost for statement management, allowing personnel to focus on higher-value activities
  • Support of green initiatives and environmental protection
  • Easier compliance with audit controls
  • Enhanced security by keeping data stored in the GTreasury environment

Contact us to learn more about GTreasury’s Banking solutions, or read our case study on how GTreasury Helped GE Win 2012 SWIFT Implementation of the Year Award.

Download

DOWNLOAD NOW