As deputy treasurer at $156.7 billion General Electric, Dennis Sweeney has a string of technology achievements under his belt: He implemented the first Web-enabled treasury workstation, pioneered corporate use of SWIFT and has been a key advocate of the TWIST BSB standard for electronic invoicing of international bank fees.

These days he sees working to improve corporates' communications with their banks as his best shot at improving productivity. “Having access to information and being able to process that through my bank in a straight-through process is where I'm going to get value,” Sweeney says. “These days, it's much less 'can I negotiate a better price to clear a check,' than 'can I get out of clearing checks at all, can I move people to e-payments.'”

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Susan Kelly

Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.