J.P. Morgan Launches 2009 Podcast Series Designed to Help Businesses Better Navigate Economic Environment
Two New Sessions include Chief Economist Bruce Kasman’s “Economic Outlook for Treasurers” and Payless ShoeSource’s Successful Order-to-Pay Initiative
NEW YORK - J.P. Morgan Treasury Services has launched a new podcast series designed to help businesses better navigate the current economic environment. The first new podcast features leading retailer Payless ShoeSource describing how the company reduced accounts payable operating costs by nearly 80 percent and eliminated paper invoices after implementing J.P. Morgan’s Order-to-Pay service. Order-to-Pay enables customers to automate electronic purchase order delivery, invoicing and payments across a shared supplier network of more than 70,000 suppliers.
In the second new podcast, J.P. Morgan’s chief economist Bruce Kasman speaks on the “2009 Economic Outlook for Treasurers” and provides insight into the grips and depth of the economic global downturn, the path to recovery and a scenario for growth.
Bruce Kasman is managing director and head of Economic Research for J.P. Morgan. He is also the editor of Global Data Watch, a J.P. Morgan publication providing economic forecasts covering 35 countries each week. In his session, Kasman states: “I think that the good news from our point of view is that we do see a path towards the start of recovery in the second half of the year. I think that part of that path is coming from very aggressive actions on policy makers across the world to try to heal the crisis mode in funding markets and try to provide opportunities for credit to flow. There is some beneficial improvement we have already been seeing on that front. We think there are more initiatives to come.”
J.P. Morgan’s free podcast series, available at www.jpmorgan.com/podcasts, was launched in 2006 - the first of its kind in the treasury management industry. J.P. Morgan’s online archive now includes more than 30 recordings and over 500 minutes of treasury insight and business advice. Featuring leading financial experts and well-known corporate practitioners, the podcasts cover the latest regulations, trends and issues facing the treasury services industry, with topics ranging from consumer fraud to payment solutions. To date, more than more than 27,000 listeners have accessed J.P. Morgan’s podcast series.
Additional podcasts planned for 2009 include practical advice and case study presentations on how treasury products are helping businesses cut costs, save time and reduce risk. To receive monthly e-mail notifications when new podcasts are posted, visit www.jpmorgan.com/visit/podcastsubscription.
About J.P. Morgan Treasury Services
The Treasury Services business of J.P. Morgan is a top-ranked, full-service provider of innovative payment, collection, liquidity and investment management, trade finance, commercial card and information solutions to corporations, financial services institutions, middle market companies, small businesses, governments and municipalities worldwide. With more than 50,000 clients and a presence in 39 countries, J.P. Morgan Treasury Services is one of the world’s largest providers of treasury management services and a division of JPMorgan Chase Bank, N.A., member FDIC. More information can be found at www.jpmorgan.com/ts.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.2 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and WaMu brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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