Wells Fargo is reporting it has signed up more than 13,000 companies to its Commercial Electronic Office (CEO) Internet portal, representing a three-fold increase on last year, up from 4529 customers.
The Wells Fargo CEO online portal offers middle-market customers a range of Web-based financial services, including credit and loan services, procurement online, international services, trust and investment services, and cash management and treasury services.
The bank now has more than a third of its commercial banking customers enrolled on CEO.
Steve Ellis, executive vice president, Wells Fargo's wholesale Internet solutions, comments: "With CEO, we are setting the course for the next stage of wholesale banking by offering customers every possible channel to do business."
Chris Afarian, treasury operations manager for Network Appliance, a Wells Fargo CEO customer, says: "Before CEO, we had to generate statements daily, download them into Excel and perform a manual position analysis. Now all we need to do is open our browser, sign on once to the portal, and view all our positions in any form we want. The real beauty is that we can do all this from home or while on the road, as CEO is accessible 24 hours a day, every day, from anywhere."