Creating A "Green" Treasury Operation Is Easier Than You Think

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When a large U.S. insurance company, with a presence in eight states and a nationwide customer base, analyzed its paper-intensive receivables process, it determined that three areas were in need of improvement:

Reducing paper-related bank fees and avoiding a pending increase in bank charges,
Mitigating the risks inherent in paper-reliant processes, and
Shoring up its business continuity plan.

How the company met these objectives, streamlined its receivables process and created a sustainable treasury operation is just one of several case studies in a new report by J.P. Morgan Treasury Services - "Sustainable Treasury Management: It's Easier Than You Think."

The report also explains how several leading private and public organizations, including J.P. Morgan, developed successful business cases for building "green" treasury operations that help:

Reduce bank fees and offsite storage costs by moving to electronic environments
Accelerate the cash application process
Give treasury staff easy, searchable access to customer data
Decrease the impact of mail float
Minimize risk by removing the paper flow.

The report also includes:

An outline of the steps necessary to build a "green" treasury operation,
Practical worksheets to help treasurers around the globe perform "eco" analyses of receivables, disbursements and information reporting areas,
Recommendations on consolidating receivables management and collections, eco-friendly disbursements processing, bringing paper reports and DDA statements online, and protecting and managing documentation, and
Questions to ask internally to make sure your organization will be able to fully realize the benefits of a "green" treasury operation.

Download the report here

Creating A "Green" Treasury Operation Is Easier Than You Think

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