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Order-to-Pay

Payment Processing

J.P. Morgan's Payment Management tool, Total SettlementSM, facilitates the elimination of paper check processing and simplifies the payables reconciliation process by channeling invoices and payments through a central, electronic system. Through an easy-to-use Web portal, Total Settlement extends existing ERP systems and other back-office applications to foster supplier collaboration.

Total Settlement supports a rapid deployment approach to Accounts Payable automation by processing all payments via a single channel.

Payment Management Benefits

  • Remits the exact payment amount as instructed by an ERP system and reduces occurrence of lost checks
  • Employs digital signatures to help ensure only authorized payments are processed
  • Provides configurable payment controls (e.g., routing high-dollar payments for second signature or security audit review)
  • Provides multiple payment options, including ACH, paper check, card and wire
  • Downloads and delivers remittance detail in EDI 820, CSV, XML or native ERP formats for Oracle, SAP and others
  • Automates remittance delivery, via the supplier portal, direct integration or a variety of protocols and standards, including secure FTP, HTTPS, AS2 or Corporate Trade Exchange (CTX)

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