J.P. Morgan Launches a Fully Integrated Online Receivables Management Solution in Asia Pacific
Hong Kong - J.P. Morgan today announced the launch of its enhanced Web-based accounts receivable management application, Receivables EdgeSM in the Asia Pacific. With this new product, J.P. Morgan becomes the first bank in Asia Pacific to offer a fully integrated Web presentment solution featuring invoice matching with same-day exception management, tracking and repair.
J.P. Morgan’s Receivables EdgeSM provides an integrated receivables management tool that enables the firm to automatically and manually match open invoice records to bank captured payments, including electronic and paper payments. The solution was first developed for the manufacturing, distribution and service industries in the U.S. to provide a cost-effective solution for receivables management.
“With Receivables Edge, J.P. Morgan is able to assist clients in consolidating and better understanding their receivables management and collection processes through sophisticated trend analysis, enabling significant operational savings,” said Linda McLaughlin-Moore, managing director of Product Management and Delivery for J.P. Morgan Treasury Services Asia Pacific. “The consolidated view of receivables creates numerous efficiencies, including better exception management and enhanced information to understand receivable flows and identify delays across currencies and geographies. The solution also helps in better management of working capital, which has become an area of focus for many organisations given the current market conditions.”
The Receivables EdgeSM proprietary online browser combines advanced data capture and processing technology with the power of the Internet to deliver a consolidated and timely view of electronic and paper remittance information directly to client desktops. All payment activity is merged into a single repository that can be navigated from a convenient dashboard home page.
According to independent research firm Celent Communications, J.P. Morgan’s Receivables EdgeSM is the best example of a fully leveraged integrated receivables solution with an ideal blend of technology, workflow automation, client self-service and receivables outsourcing.
J.P. Morgan is well positioned to address the changing nature of payer payment practices and to provide the expert guidance that clients have come to rely on. For more information on J.P Morgan’s Receivables EdgeSM solution, please visit www.jpmorgan.com/visit/receivablesedge.
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 the world’s largest provider 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 Washington Mutual brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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