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In the July edition of CDHC Solutions™ magazine David Josephs, a founding member of JPMorgan Chase's Healthcare Solutions group, describes how consumer-directed health care (CDHC) programs coupled with health savings accounts (HSAs) offer employers and their employees' access to new financial management structures to address health care expenses.
More»Jim Nelson, Senior Product Consulting Manager for JPMorgan Chase Commercial Card Solutions, recently sat down with purchasing card coordinators from three very diverse industries to learn what tactics users are taking to increase their PCard volume and adoption rate.
Corporates will benefit from SEPA when the standards are implemented in 2008, but the advantages will only be realised if corporates move towards becoming SEPA compliant and start looking at the ways in which they will be able to take advantage of the SEPA Schemes. What should they be aware of as Europe moves towards SEPA and what should they be doing now?
Today's most profitable and successful organizations share a common trait - they operate on a holistic enterprise basis and fully understand the power of integrated solutions across a business.
Learn how an integrated, electronic approach can improve your company's payment processes. Includes a case study showing how one client optimized its payment process with ExacTracSM, JPMorgan's electronic payment tool that expands the reach of card-based systems.
For much of the past ten years, a key philosophy underlying developments in the trade finance world has been that of "dematerialization". Advances in communications technology and a related re-examination of the role played by financial service providers in the trade sphere have led to wide acceptance that the future direction of the business would be predicated upon the ability of firms to drastically reduce the amount of paper documents used in their day-to-day servicing and financing activities.
Events of Sept. 11, 2001 and recent hurricanes may have served as a wake-up call for financial professionals, yet many believe their organizations are only somewhat prepared to meet disasters, according to a survey conducted onsite at the AFP Annual Conference in San Antonio, TX.
It is a new age in disaster preparedness, and the financial community is redoubling efforts towards readiness. But the banking community can succeed in doing what is necessary only if each participant stands ready to respond.
Linda McLaughlin-Moore is a Senior Vice President of JPMorgan Treasury Services and is the executive who heads the Global Clearing business.
For the treasury, disaster recovery/business continuity is not just a matter of maintaining and monitoring internal systems and processes. Nor is it solely a question of ensuring back-up facilities can be depended upon. It is also important to guarantee that the treasury has options in the event of a serious outage by primary banking providers.
Every day, the treasurer balances credit, counterparty, interest rate and foreign exchange risks with treasury goals. But maintaining multiple operating relationships may not be the best approach for managing execution risk.
In the constant push to improve financial performance, treasurers are seeking a new plateau from which they can strategically manage the entire receivables process. Driven by design requirements outlined by its clients, JPMorgan Chase has employed the latest technologies in its quest to achieve this ambitious plateau.
As payments convergence builds momentum, companies are seeking a new plateau from which to strategically manage the entire receivables process for improved financial performance. In parallel, JPMorgan Chase is working at the industry level to drive systemic efficiencies and extend the benefits to its clients. Our leadership within the industry affords the opportunity to be at the vanguard of payments transformation, and, from that position, contribute to shaping its development.
What can importers and exporters do to prepare better for natural disasters, port strikes, and other factors beyond their control? What emergency planning considerations should be in place to better ensure that a company’s supply chains operate in tough times? How can manufacturers and retailers better weather the storm? Check out these tips from the global trade management experts at JPMorgan Chase Vastera.
As corporate treasurers pursue end-to-end automation for treasury and supply-chain activities, they understand that to achieve straight-through processing — and the subsequent optimization of working capital globally — they must integrate the payment and information components of a transaction. Based on this drive for efficiency, three interrelated trends are shaping North America’s cash management landscape today.
Now that CLS is settling 40% of all value relating to the 15 CLS eligible currencies and over 60% of trades in the interbank market, Mark Garvin talks about the need to ensure that CLS settlement is widely available and used to its full extent by members and third parties alike.
Financial institutions today are focused on setting strategies that hold the promise of raising stockholder returns. This means transforming themselves into entities that will emerge as winners in an industry that is consolidating in-country and cross-border — either by positioning themselves as a strong acquirer or by raising their value as an acquisition target.
Since foreign earnings repatriation legislation under the American Jobs Creation Act (AJCA) took effect on October 22, 2004, many companies have begun the repatriation planning process. The act includes a temporary tax provision allowing U.S. companies to repatriate accumulated foreign earnings currently outside of the U.S. as a cash dividend at a tax rate reduced by 85%. The opportunity's limited time window intensifies the treasury-related challenges of achieving repatriation efficiently with maximum benefit. Like global treasury management, an end-to-end approach that integrates the component parts of the process will be key to success.
As U.S.-based companies do more import/export business internationally, they need integrated solutions that address a broad spectrum of needs and desires, from cash management and compliance to traditional trade finance and logistics. Answer this self-assessment questionnaire to find out if you're using all the best tools and processes the industry can offer.
Today, treasurers seek a new plateau from which to strategically manage the entire receivables process for improved financial performance. JPMorgan Chase has built its vision for reaching this plateau, driven by client requirements and enabled by the latest technology.
The challenge of achieving 2005 objectives is top of mind as second quarter fast approaches. How can you wring out more operational efficiencies after years of focusing on efficiency gains? Which areas afford the best opportunity for further enhancing working capital? Given Sarbanes-Oxley requirements, how can you create transparency across a broad range of business activities to ensure the integrity of financial reporting?
Technology and advanced communications have improved efficiencies in almost every business process. Yet the trade processes that account for the buying and selling of goods and raw materials — which are at the heart of a business — are still largely manual processes. David Matthews, senior vice president for JPMorgan's global trade systems, discusses how financial institutions can take advantage of innovative technology to improve the trade processes that they offer to their clients.
The payments world is changing. From determined early adopters come tales of promise, while some are taking more of a wait-and-see approach. While everyone debates image exchange and its benefits, a new world of image-enhanced payments is emerging.
JPMorgan Solution Drives Revenue Growth, Deepens Client Relationships, and Supports Sustained Profitability.
Cathy Duffy gives a risk manager's view of how your company can best protect itself. She is Senior Vice President, Strategic Risk Management, at JPMorgan Treasury Services.
In these days of increased emphasis on profitability, both variables of the equation — revenue and expense — can be levered through a white-label partnership.
New developments are spurring growth in the use of prepaid debit cards. A recent study by Pelorus Group indicates that more than 22 million prepaid cards will be issued in 2004, and cards in circulation will rise to over 50 million within five years.
Striking the right balance between adequate liquidity levels and maximizing short-term investment opportunities has become an important business objective.
In the world of financial services, where terms such as global infrastructure, global connectivity and global reach are kicked around as often as a kid's football. But what does it truly mean to be a 'global liquidity provider'?
Growth opportunities in recent years have come from new markets, such as Eastern Europe; from recovering economies, such as Latin America and Southeast Asia; and from the economic transformation of India and China. However, these opportunities have come at some risk.
This article explores the alternative options for centralisation as well as the approaches to consider for their successful and effective implementation.
Traditionally, the global supply chain has not been considered the domain of the treasurer. But within the increasingly complex business environment that is the hallmark of globalization, the supply chain stands front and center among the treasurer’s concerns.
Retailers, merchants and billing companies seek more cost-efficient and reliable methods for processing checks. With Accounts Receivable Check (ARC) conversion, both billers and consumers may now reap the benefits of electronic payments.
As the payment and processing landscape continues to evolve, billers will increasingly need to renovate their payment processing. As a result, competition among financial institutions offering innovative ways to process payments will intensify.
Iraq, one of the world’s most interesting new trade-finance markets, offers untold opportunities and challenges for cross-border trade. An effective structure for doing business in the country is rapidly being developed.
With China continuing to emerge as an economic powerhouse, Bruce Alter, Zeno Chow and Astar Saleh, vice presidents at JPMorgan, explain how and why the bank is gearing up to meet the challenges and opportunities of China trade.
Designed to address the longstanding goal of automating paper payments, Check 21 creates as many questions as answers. As competing and complementing options for automation emerge, banks and companies alike are struggling to assess how best to achieve the cost and efficiency savings that migrating from paper to electronic payments promises to deliver.
More corporate treasurers are turning to Web-based solutions such as electronic payables discounting. JPMorgan’s Craig Weeks, senior vice president and head of Western Hemisphere trade-finance sales and Latin American cash management sales, and Alexander Lara, vice president and Latin America north sales head, explain how it can be used to optimise working capital and why it is particularly well suited to the Latin American market.
Whatever kind of business and however volatile the cash flows, treasurers can maximize the value of their cash holdings by more accurately identifying and predicting positions throughout the day to enhance investment or borrowing opportunities and therefore overall returns. But forecasting corporate cash flows even for 'today' can be like trying to predict the weather.
All schools have tight operating budgets these days, and you need to ensure your school spends every dollar properly. No matter the size of your school or the amount of your budget, a purchasing card program could fit with your procurement goals and — moreover — help you achieve the bigger benefits of time and cost savings.
Pressures to achieve greater efficiencies in corporate business operations are relentless. One area of particular importance, and challenge, is the automation of Accounts Payable and Receivable functions and related communications.
CLS has been effectively used by banks to mitigate settlement risk in their FX trades and has been adopted by corporate and non-bank financial institutions via CLS third party providers like JPMorgan Treasury Services.
The concept of a single European payment area is intended to reduce complexity and costs within the payments environment by creating a market where money could move as efficiently and inexpensively as possible throughout the European Union. However, progress in implementing this new efficient clearing environment has been slower than expected because there is little in the way of standards to guide this shift toward SEPA.