In a new whitepaper from Aite Group, Research Director Christine Barry provides guidance to banks and financial institutions seeking to better understand the environmental benefits associated with Web-based cash management products and services.
By choosing a banking partner offering cash management products and services through a Web-based solution, corporate treasurers can quickly adopt electronic processes for domestic and international payments, and balance and transaction reporting. Eliminating the paper traditionally associated with these processes can have a significant impact on the environment through the conservation of natural resources.
For example, converting just 25% of the average number of business payments issued each month could conserve more than 900 lbs. of paper and prevent the consumption of nearly 11,500 gallons of gasoline1.
"In a competitive marketplace, demonstrating customer value in multiple ways is critical to success," said Michael Lane, Senior Vice President and General Manager of Bottomline Technologies. "Our cash management platform provides the breadth of functionality banks and financial institutions require to compete globally and helps them bring added value to their client relationships in the form of greener business practices."