The Order-to-Pay Rapid Deployment is targeted toward mid-size companies with limited technology resources that want an AP automation solution that is as easy and quick to implement as it is to use.
With new configuration tools and pay-as-you-go model, it offers the benifits such as reduction of AP processing costs and cycle times, the reduction of paper invoices, and the ability to maximize early payment discount opportunities.
Organizations can choose to begin with total settlement for payment automation that includes commercial card, ACH, wire transfer and check. Beyond payments, discounting capabilities are offered to optimize working capital or to complete invoice automation via paper and electronic invoice processing.
Eduardo Vergara, global commercial card executive of JP Morgan Treasury Services, said: “JP Morgan continues to invest in invoicing and payment capabilities that enable our clients to operate more efficiently. With Order-to-Pay Rapid Deployment, JP Morgan is helping mid-size companies take advantage of accounts payable automation they can afford.”
