News Column

GE Capital Receives Two Prestigious CIO 100 Awards from CIO Magazine

June 3, 2014

Honorees to receive awards during CIO 100 Symposium & Awards Ceremony

NORWALK, Conn.--(BUSINESS WIRE)-- IDG’s CIO magazine announced that GE Capital (NYSE:GE) received two notable CIO 100 awards for its innovative programs and solutions that help customers across the globe achieve their business goals in 2014.

The 27th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT). GE Capital, which provides the know-how of GE to help customers grow, was recognized for two innovative IT projects—one using big data and analytics to improve commercial fleet management and the other introducing new technologies to drive consumer adoption of mobile payments.

Fleet Optimizer for Commercial Customers in the U.S.

Based in Eden Prairie, MN, GE Capital’s Fleet Services business provides commercial car and truck financing and fleet management services. Fleet Optimizer—a software application that combines predictive analytics, geospatial visualization and an enhanced user experience—helps optimize spending and utilization for vehicle fleets. Fleet managers will be able to mine historical data and forecast future costs such as those related to fuel and maintenance. From there, they can drill down to perform “what if” analyses to model alternative outcomes. By easily identifying potential problem areas before they occur as well as potential cost savings and performance-improvement opportunities, fleet managers can take actions that may improve the return on investment of their fleets.

“Our business customers increasingly want better analytical data to help them make more informed decisions, identify growth opportunities and optimize their assets. By bringing together our core big data and advanced analytics capabilities, we’re helping customers transform that data into a competitive advantage,” said Sigal Zarmi, CIO, GE Capital, Americas.

Payment Innovation Program for Consumers in the Czech Republic

GE Capital’s Payment Innovation Program, launched in the Czech Republic, introduced a series of mobile payment methods to consumers in that market, providing a more convenient way for them to conduct daily financial transactions, including Contactless Cards (no PIN required) and Payment Stickers (attachable by glue or keychain to a mobile phone). This new payment program not only offered these customers convenience, choice and flexibility to manage their financial transactions with the method of their preference, but also, through improved security, it lowered the amount of fraud losses for the company. GE Capital is the only commercial organization to currently offer all contact-less payment options to the Czech market.

Kevin Griffin, CIO, GE Capital International, added, “It’s rewarding to see GE Capital make such an impact on customers across the globe. By educating the Czech population about new opportunities in payment technology, we brought them more convenience while also helping to minimize errors, because currency doesn’t need to change hands between the customer and the merchant. This effort has further positioned GE Capital as an innovator in the Czech financial market, ensuring more benefits to customers and increasing the adoption of mobile payments in the country.”

The 2014 awards mark the sixth consecutive year, and 18th year in total, that GE has been acknowledged for its innovative use of technology to drive value for customers and make a positive impact on businesses and consumers’ lives.

“For 27 years now, the CIO 100 awards have honored the innovative use of technology to deliver genuine business value,” said Maryfran Johnson, Editor-in-Chief of CIO magazine & Events. “Our 2014 winners are an outstanding example of the transformative power of IT to drive everything from revenue growth to competitive advantage.”

About CIO 100

The recipients of this year's CIO 100 awards were selected through a three-step process. First, companies filled out an online application form detailing their innovative IT and business initiatives. Next, a team of judges reviewed the applications in depth, looking for unique practices and substantial results. Finally, CIO editors reviewed the judges' recommendations and voted on the final 100.

Complete coverage of the 2014 CIO 100 awards will be online at http://www.cio100.com/ on August 1, 2014 and in the August 1st issue of CIO magazine.

About CIO Magazine

CIO is the premier content and community resource for information technology executives and leaders thriving and prospering in this fast-paced era of IT transformation in the enterprise. The award-winning CIO portfolio—CIO.com, CIO magazine (launched in 1987), CIO executive programs, CIO custom solutions, CIO Forum on LinkedIn, CIO Executive Council and CIO primary research—provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT’s role in achieving business goals. Additionally, CIO provides opportunities for IT solution providers to reach this executive IT audience. The CIO Executive Council is a professional organization of CIOs created to serve as an unbiased and trusted peer advisory group. CIO is published by IDG Enterprise, a subsidiary of International Data Group (IDG), the world’s leading media, events, and research company. Company information is available at http://www.idgenterprise.com/.

About GE Capital

GE Capital is one of the world’s largest providers of credit and expertise. For more than 1 million businesses, GE Capital provides financing to purchase, lease and distribute equipment, as well as capital for real estate and corporate acquisitions, refinancings and restructurings. GE Capital is a leader in a number of industries, from airlines, healthcare and energy financing to fleet, franchise and middle market corporate finance. For approximately 60 million consumers, GE Capital offers credit cards and retail sales finance programs. GE Capital is an extension of GE's rich heritage of building and supporting growth, providing customers with insight, knowledge and expertise in addition to financing. Learn more at www.gecapital.com.

GE (NYSE: GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company's website at www.ge.com.

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Lois Paul and Partners

Grace Ames, 617-986-5766

grace_ames@lpp.com

Source: GE Capital


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