Tips on Going Paperless from J.P. Morgan

A new report by J.P. Morgan, “Sustainable Treasury Management: It’s Easier Than You Think,” can be used as a guide by paper-intensive corporate treasury operations to move toward a sustainable future. Each component of treasury operations is examined in the report—from cash and receivables collection to disbursements processing and storage of reports and other financial data—and best practices are outlined that are good for business and the environment. Specific case studies are presented in each section that demonstrate the benefits of electronic treasury solutions. Function-specific Eco Analysis Worksheets are also provided to help corporate treasurers calculate the benefits of going green.

According to J.P. Morgan, electronic treasury processes can have an impact on a corporation’s carbon footprint, as large treasury operations can easily generate 5.5 tons of paper each year—the equivalent of 143 trees and 106 tons of greenhouse gasses. Since 2007, when J.P. Morgan’s Treasury Services’ “Go Green” campaign began, the bank has helped treasury clients eliminate more than 101 million paper documents and save three million pounds of paper annually.