online-solutions-for-receivables-continue-to-grow

Online solutions for receivables continue to grow

J.P. Morgan joins other banks offering online receivables management solutions in the region.

Launching its web-based accounts receivable solution in Asia-Pacific, J.P. Morgan joins a field of banks offering various electronic receivables products to the region's corporate treasurers and financial institutions.

Other banks, including Citi, BNP Paribas, Deutsche Bank, HSBC and Standard Chartered, already offer online receivables solutions in the region. All of the solutions provide some form of automatic or manual invoice matching, the ability to process various types of payments, and same-day management services.

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, says Linda McLaughlin-Moore, Asia-Pacific managing director of product management and delivery at J.P. Morgan Treasury...

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