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
CEO:
James Wells, President & CEO
Headquarters:
Atlanta
Industry:
Financial Services
Revenue (2007):
Website:
www.suntrust.com
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