2008
2008 Winner Profile
SunTrust Enterprise Information Services
- Project Description: SunTrust designed an image-based check-processing system to support implementation of Check 21, a law that allows banks to exchange checks electronically, rather than send paper back and forth. SunTrust uses Viewpointe Archive Services for the storage, retrieval, and sharing of check images with partner banks and ImageShare to share these images with exchange partners. In 2007, SunTrust saved nearly $2.1 million for incoming cash letters (groups of checks with processing instructions), $2.4 million for float, and $500,535 in fees and transportation savings.
- Project type: E-Business, Image Exchange, Partner/Vendor
- Business Functions: Sales, Customer service/support, Operations
- Business Goal: Strategic /Competitive Advantage
- CIO: $model.cio100.cioFirstName Sullivan, Corporate Executive VP& CIO
- CEO: James Wells, President & CEO
- Headquarters: Atlanta
- Industry: Financial Services
- Website: www.suntrust.com
