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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.
More»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.
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.
Understanding the complex information and payment flows within their organization is a crucial aspect for CFOs and treasurers looking to lower costs while effectively managing liquidity. Unfortunately, the treasury environments of most companies make accomplishing these tasks increasingly difficult.
The traditional relationship between corporates and financial institutions has primarily been an "arm's length" affair, with concerns over lock-in arrangements and share of the wallet dominating the former's approach. However, faced with the promise of STP and an economy that is not conducive to IT expenditure, the old barriers appear to be crumbling. Is there now a case for the closer integration of corporations and financial institutions?
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