This Financial Insights report reviews the research conducted by Financial Insights and Treasury Strategies on North American corporate treasurers and provides a framework for corporate use of SWIFT. SWIFT for corporates has been a viable offering for years, yet it needed a catalyst to prompt swift action, and that catalyst has come in the form of the financial crisis. SWIFT is aggressively courting corporates, and they are eager as well to take advantage of the efficiencies SWIFT connectivity can provide.

According to Jeanne Capachin, research vice president, "Forty-eight percent of North American treasurers surveyed are implementing or investigating use of SWIFT. Information reporting is a 'killer app' for corporate treasurers. With the need for global cash visibility — to mitigate counterparty risk, self-fund financial obligations, or increase process efficiency — standardized balance reporting is more important than ever."