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Beam Global sought to further improve its successful corporate card program in order to reduce late fees, achieve superior spend control and visibility, and satisfy travelers with a quick and easy reporting and reimbursement process.
More»The University of Arizona, a top public research university, had recently switched providers and turned to JPMorgan Chase’s Expansion Services team soon after implementation to help them achieve the benefits they had only envisioned in a card program that supports their thousands of faculty and staff.
In July 2006, the Italian pension entity, Istituto Nazionale Previdenza Sociale (INPS), sent public notices to all Italian financial institutions requesting their participation in a bid for executing pension payments to 409,000 Italian pensioners in 134 countries. Paolo Raffone, ICBPI pension payment project manager and Angela Lupi, First Line Bank manager, looked to JPMorgan Treasury Services. "We chose JPMorgan because of their US footprint, as they had many branches. We wanted our project to be with a very solid institution" said Mr. Raffone.
ServiceMaster worked with JPMorgan Chase's Expansion Services — a specialized group within the bank's Commercial Card unit — to review the card program and look for ways to increase control while still enjoying the benefits of the card program. ExacTracSM turned out to be just the solution ServiceMaster was looking for.
In response to this ongoing challenge, Embryon has created proprietary platforms to streamline its products and services, most notably its Speakers Bureau offering. These innovations resulted in sales levels that grew in excess of 75% in the 2004- 2005 time frame. However, along with this success came yet another challenge. Embryon now needed to manage the Speakers Bureau credit card activity, a growing administrative and financial burden, with greater efficiency. They evaluated several solutions, ultimately selecting ExacTracSM from JPMorgan Chase.
As with any marketplace, customers in Hong Kong demand excellent service with clearing and settlement. The Bank of East Asia has reaped tangible business benefits in the straight-through processing and excellent service they have experienced with JPMorgan Chase. These benefits have translated into time and manpower savings the bank was able to redeploy to other initiatives.
Cook Children's patient accounting group was using time-consuming, manual processes to post healthcare claims for its Physician Network. They needed a better way.
JPMorgan Chase's Healthcare Link streamlined these complex claims management processes. It helped dramatically reduce administrative posting expenses, accelerate payment collection cycles, and improve tracking research, and customer service capabilities.
As a flexible total program management system, PaymentNet allowed Moen to create a hierarchy to match their organizational structure. With detailed reporting from JPMorgan Chase and Gelco, Moen is able to assess spend data by vendor, category, and division in order to identify questionable charges and audit for compliance. Gelco's CardLink makes it virtually impossible to hide transactions; automatically reports all un-submitted credits; and requires reconciliation of outstanding transactions which has increased both accuracy and compliance.
By centralizing and standardizing its diverse system of receivables, Textron Inc. was able to speed its collections process, which led to reduced borrowing costs and days sales outstanding. A major factor in the success was the implementation team at JPMorgan Chase, which helped Textron implement the system quickly and seamlessly.
What keeps you up at night? In a recent poll conducted by gtnews and JPMorgan Chase, over 500 readers ranked issues from 1 (sleep like a baby) to 5 (gives me nightmares!) from which we have derived an 'angst factor' allowing us to compare levels of concern about different issues for treasurers and bankers throughout the world.
The implementation of Chase's image cash letter solution allowed First State Bank to expand its deposit window by two hours, and completely eliminate courier costs associated with physically transporting deposit checks, saving the bank three to four thousand dollars a month in transportation expense alone.
First National Bank transitioned their entire cash letter business to Chase and couldn't be happier with the results. "And they have soared above and beyond my expectations!" comments its CFO, Rozan Franklin.
The city of New Orleans was looking to automate its collection and processing of property taxes. The city had relied on a manual system that had been in place for more than 40 years. With property taxes making up a substantial portion of the city's revenue base, it had a critical need to reduce operating costs and increase efficiency in this area.
A cabinet-level agency of the U.S. government dedicated to national security. Headquartered in Washington, D.C., this federal agency employs more than 15,000 people in nearly 250 locations around the world.
Increased health care costs — rising annually in double-digit percentages — are causing businesses to rethink their coverage options and move toward the emerging field of consumer-directed health care. In partnership, the insurance and financial sectors are serving up a healthy combo — the high-deductible health plan paired with a health savings account.
United and JPMorgan provided United employees/retirees the ability to view, manage and pay travel fees online via eCheck (ACH) or credit card through JPMorgan’s Pay Connexion solution.
A large European multinational corporation with subsidiaries in multiple euro-zone countries wants an innovative liquidity management structure to not only reduce the administrative control and cost involved in processing intra company transactions but also maximize the value of its liquidity across Europe and maximize investment opportunities, with minimal administrative impact.
A Japanese multinational with subsidiaries worldwide and regional finance and treasury centers (FTCs) in Tokyo, Singapore, London and New York wants a global liquidity management account structure that would provide optimal returns on the company's major currency cash flows (U.S. dollar, euro and yen) and create an efficient withholding tax structure, allowing its Japanese finance center to fully optimize the benefits of the home country's offshore deregulation.
Great Eastern Bank, a community bank serving New York with $300 million in assets — adopted JPMorgan Chase’s i-VAULT! image archive and enterprise content management solution in late 2001, making it one of the first clients of the i-VAULT! service.
Prior to its acquisition of Cohoe's Savings Bank in 2001, Hudson River Bank & Trust had been talking about imaging its loan documents, but the bank had not taken any steps to make it happen until the bank president heard about JPMorgan Chase's image archive solution — i-VUALT!SM.
The Lockbox Accounting Group of Toyota Financial Services (TFS) required an image-archive solution that could give employees in 33 locations immediate, online access to check images. JPMorgan Chase answered with i-VAULT!, helping the auto finance company eliminate delays in posting payments with irregularities and resolving customer-initiated payment inquiries.
