J.P. Morgan has been on the forefront of the sustainability movement since we began our "Go Green" initiative in 2007. We have helped more than 10,000 clients worldwide transition their paper-intensive treasury functions into leaner, greener, higher performing electronic operations. Among the obvious reasons is that the cost of processing paper checks has increased 543% since 2006*. It's no surprise: organizations that have adopted electronic treasury functions are generating financial and productivity efficiencies on a number of fronts:
Reducing transaction fees
Lowering indirect business expenses
Saving labor costs and time
Improving efficiency, transparency and security
As part of our commitment to advancing eco-friendly treasury practices, we have created the Go Green Resource Center. On this site, organizations of all sizes can learn about the latest developments in the global "Go Green" initiative and how they can implement sustainable, market-leading treasury solutions that streamline receivables and payables and efficiently manage documents, elevating customer service and delivering significant savings in the process.
*BluePoint Solutions, "In-House Item Processing: A Closer Look at the Benefits and Costs," 2010