GE Goes Green Using SWIFT - Treasury Strategiesw w w . T r e a s u r y S t r a t e g i e s . c o m 4...
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© 2010 Treasury Strategies, Inc. All rights reserved. GE Goes Green Using SWIFT April 22, 2010
Transcript of GE Goes Green Using SWIFT - Treasury Strategiesw w w . T r e a s u r y S t r a t e g i e s . c o m 4...
© 2010 Treasury Strategies, Inc. All rights reserved.
GE Goes Green Using SWIFT
April 22, 2010
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Top Issues for Treasurers
Financial Insights/Treasury Strategies Survey 2009
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SWIFT Corporate Connectivity
TMS system developments• Workflow transparency• “Light” internet deployment for business units• Document attachments• History and audit trails• What-if and scenario planning• Flexible reporting• Management dashboards
Specialized applications• Bank account administration• FX exposure tracking
Online trading platform integration with internal systems
Trends in Treasury Technology
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SWIFT Lessons Learned
• First look at Corporate need should be holistic– Think big but take baby steps– Have a vision
• SWIFT is a commitment
• Embrace the options– Be creative
• Establish a support model as soon as you can
• Remember to ask for help
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SWIFT for Corporates
Leveraging a single, standardized pipeline for bank communication
SWIFT
Information Reporting Payments Transaction Matching& Confirmations
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Disbursement Data FilesTreasury Payments
Account Information
Bank Statements
AR Customer Files
Paid Checks Files
Securities TradingReceivablesFiles
Payroll Files
AcknowledgementFiles
Disbursement Files
Treasury Confirmations
Industry Issues: Increasing Role of SWIFT
Electronic BankAccount Management
Letters of Credit
CorporateSWIFTFileAct/FIN
OutboundUSD Wires
Online Portal ForDisbursements: - Pay/No Pay - Stops/Voids - Manual Check Issuance - Check Images - ContingencyReceivables:Check Images
OnlinePortal
4. Payment FilesOutbound AP
FCY
OutboundChecks
OutboundACHs
InboundLockbox
8. ACH Data Files
8. ACH Receipts File
3. SWIFTNET FIN
5A. File ACK
8. ACH Data Files
6C. FCY POC File
CorporateBusiness
Units
BankAccountPosting
InboundACHs
7A. LBX Receipts Format 1
BankA, B, C
AccountInformation
2. Other Bank Reporting
CorporateTreasury 2. Other Bank Reporting
4A USD Wires
4B ACHs
4. Payment Files
4C/4D/4E Payment/Issuance
4F FCY Payment Files
3. SWIFTNET FIN MT101, MT210
1. Account Information
Bank Front-end
1. Account Information
1. Account Information
LEGEND:1. Account Information2. Other Bank Reporting3. SWIFTNET FIN – Treasury Transactions4 . Outbound Payment and Issuance Info
– 4A. USD Wires– 4B. ACHs– 4C. Checks-In house– 4D. Checks-Outsourced– 4E. Issuance Info– 4F. FCY Process– 4G. Paid Checks File5. ACK & Reject Files
– 5A. File ACK – 5B. Item ACK Accepts – 5C. Item ACK Rejects
MT101, MT210
5. ACK and Reject Files
7. Lockbox Receipts File
7. Lockbox Receipts File
1. Account Information
LEGEND:6. Disbursement Data Files – 6C. FCY POC File7. Lock Box Receipts File – 7A. Format 1 – 7B. Format 28. ACH Data Receipt Files9. Bank Statements
5B. Item ACK Accepts
5C. Item ACK Rejects
1. Account Information
9. Online Banking Interactive Reporting
2. Other bank Reporting
2. Other bank Reporting
7B. LBX Receipts Format 2
2. Other Bank Reporting
6C. FCY POC File
6C. FCY POC File
Paid checksfile
4G. Checks Paid File
4G. Checks Paid File
4G. Checks Paid File
3. Confirmations MT3XX
ConfirmationMatching
3. Confirmations MT3XX
Securities Counterparty
3. Buy/Sell/Confirm MT502, MT515CorporateTreasury/Pension
3. Delivery/Receipt Instruct MT54X
3. Securities Statements MT535
3. S
ecur
ities
MT5
XX
CorporateSWIFT
FIN
BankStatements
9. Bank Statements
