Thoughtware Worldwide’s clients use these fact-based research reports to help their end customers reap additional value from their investments. Using our proprietary research database and our extensive network of industry leaders, we:
Here's how we measure success:
|SWIFT and General Electric Corporate Treasury
Thoughtware Worldwide, LLC, completed a study that measured the value achieved by General Electric’s Corporate Treasury unit after implementing the SWIFTNet Corporate-to-Bank (C2B) solution from the Society for Worldwide Interbank Financial Telecommunication.
Thoughtware Worldwide also provided prescriptive guidance on the value still to come from further automation of GE’s payments value chain.
In 2004, GE Corporate Treasury (a unit of General Electric Company, a diversified technology, media and financial services company) was, like most large multi-nationals, wrestling with multiple banking relationships and connections to execute their cash-management strategies.
GE Corporate Treasury’s information technology group was maintaining multiple systems across 200 banks in more than 30 countries. The limitations of a disparate, fragmented and constrained technology infrastructure impeded GE’s ability to execute the millions of payments it makes each year to its customers and suppliers.
Optimizing this daunting task required a new, industry-leading solution. GE evaluated its banks’ own systems and was ultimately introduced to the SWIFTNet C2B solution.
Thoughtware Worldwide’s study findings showed an impressive 406% Return-on-Investment for GE after implementing the SWIFTNet C2B solution, The study found that the increased reliability, security, and controllership of SWIFTNet allowed GE to free up IT and business resources for more value-added activities, creating opportunities for GE to optimize its working capital for greater financial efficiency.
GE Corporate Treasury used the study to drive further consolidation, centralization and cash pooling. Leveraging Thoughtware Worldwide’s findings, GE and SWIFT are now identifying additional opportunities to collaborate and further optimize GE Treasury management.
To view the comprehensive GE-SWIFT ROI study by Thoughtware Worldwide, LLC, please select one of the following...
Arcelor Corporate Treasury
Thoughtware Worldwide also provided prescriptive guidance on the value still to come from further automation of Arcelor's cash aggregation and reporting.
In 2002, Arcelor Corporate Treasury recognized a fundamental need to streamline its infrastructure to achieve greater visibility into cash receipts. The Arcelor Treasury was spending significant time in maintaining multiple systems and connection points (ETEBAC 3,5, ISABEL, proprietary bank system, fax, telephone, Internet) each with totally different characteristics (i.e., processes, data quality, availability, timeliness, security level). Additionally, Arcelor was spending an inordinate amount of time and money on maintaining Security protocols for the various connections, which were not consistent and required a growing level of resource commitment. Moreover, any expansion process proved to be tedious. New links with banks were difficult to implement, both in terms of time and cost. Finally, Arcelor Treasury had a Disaster Recovery (DR) plan per geographic location. Testing and maintaining each location’s DR plan was both costly and time consuming. It was impossible to plan for the infinite combinations of bank availability.
Thoughtware Worldwide’s study findings showed an impressive 605% Return-on-Investment for Arcelor after implementing the SWIFTNet C2B solution, The study found that the increased reliability, security, and efficiency of SWIFTNet allowed Arcelor to increase exceptions management activities, simplify IT security levels and optimized their working capital through better cash pooling.
Arcelor Corporate Treasury used the study to drive further consolidation, centralization and cash pooling. Leveraging Thoughtware Worldwide’s findings, Arcelor and SWIFT are now identifying additional opportunities to collaborate and further optimize Arcelor Treasury management.
To view the comprehensive Arcelor-SWIFT ROI study by Thoughtware Worldwide, LLC, please select one of the following...
Hewlett Packard and Helvetia Patria
In 2000, Helvetia Patria Versicherungen (HPV) recognized a fundamental need to conduct business differently. Historically, HPV operated regionally in an autonomous fashion, but HPV saw an opportunity to move away from these regional silos, to centralize and collaborate across the organization. Given HPV’s large geographic footprint (different languages, cultures, and business practices), HPV envisioned a centralized Internet-based platform (the eBusiness Center) as a way to bring people together while leveraging technology to standardize and open new distribution channels. Additionally, HPV wanted to expand data sharing and process automation, while maintaining strict data security. HPV saw the eBusiness Center as a way to improve consistency and high-touch quality service, its core differentiators. Given the magnitude of investment, HPV was concerned that any decision could lock them into obsolete technology and become a barrier to future opportunities.
Thoughtware Worldwide’s study findings showed an impressive 201% Return-on-Investment for HPV after implementing the industry leading e-insurance solution, The study found that the expanded partnerships, lower transaction costs and enhanced development and maintenance created synergies between HPV's disparate subsidiaries.
To view the comprehensive Helvetia Patria-Hewlett Packard ROI study by Thoughtware Worldwide, LLC, please select one of the following...
FileNet and the Belgian Ministry of Finance
In 2002, BMoF realized it was time to do things differently. Facing an
ever increasing backlog of tax reclaims, fragmented across multiple tax
regions and with limited visibility into the process, resolution or citizen
communication, BMoF knew there had to be a better, more efficient way. The
physical aspect alone of creating and moving citizen files through the
process made it quite difficult for BMoF to track — file location, status,
resolution or volume of claims. This ever increasing problem was further
complicated by new legislation and restructuring (“Copernicus Project”)
mandating that the taxpayer be placed in the center of the process.
Historically, BMoF had been a very decentralized organization, which
resulted in the unique treatment of each case by location, constantly
‘reinventing the wheel’ without the
In searching for a solution, BMoF turned to FileNet, a proven
partner used elsewhere within the ministry and its partner, Getronics, to
develop a complete integrated solution for tax administration. Working with
FileNet and Getronics, BMoF outlined a detailed step-by-step process,
looking at how to remove bottlenecks, improve business processes and the
underlying activities by integrating content with other applications. BMoF’s
strategy was to pilot the solution in two regions and then roll it out
across the country. With the FileNet solution, BMoF is now better able to
manage the complete information lifecycle, eliminating double coding, while
collecting new statistics that allows BMoF to manage claims as a group. This
new approach presents BMoF with opportunities to learn from claim filings,
creating better alignment
Thoughtware Worldwide’s study findings showed an impressive 173% Return-on-Investment for BMoF after implementing the FileNet solution, The study found that the improved claims processing, lower operational costs and increased its visibility to better align the interests law and compliance.
To view the comprehensive
Belgian Ministry of Finance-FileNet ROI study by
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