Innovative Multibank Cash Management Platform launches in Japan
May 15, 2012
J.P. Morgan Treasury Services has launched an innovative Multibank Cash Management Service in Japan in partnership with leading IT solutions provider, NTT DATA Corporation. The service will provide multinational corporations operating in Japan with enhanced visibility and control over the movement of their cash. It can also serve as an effective tool within a company’s business continuity framework.
The platform, which is now live, is a market leading bilingual treasury management infrastructure which will deliver significant benefits to multinational clients operating in Japan. Offering a single point of access globally to a corporation’s accounts held with other banks in Japan, the Multibank Cash Management Service will provide greater visibility over a client’s cash portfolios, robust control over the movement of funds across different operating entities and third-party enterprises, and faster connectivity and execution of transaction processing and reporting.