The stage is set for treasurers to optimize cash visibility, forecasting and account reconciliation.
85% of our energy clients have a Treasury Management System
80% are using XML - the most powerful data enrichment format available
But… global treasury polls consistently highlight data as a challenge still to be solved
1. XML is mostly used to send data to banks, not to receive
Most corporates still heavily rely on next-day MT940s
2. Clearing systems have not all transitioned to XML
Enriched data can get lost in translation
3. Majority of TMS and ERPs operate under a batch-processing sequence
This can jeopardize Treasury’s real-time ability
We strongly believe in API as a solution to achieve real-time visibility
We have helped clients use APIs to
Leapfrog from next-day visibility to true real-time visibility
Transform batch-based reconciliation into real-time reconciliation
Support business growth while improving financial performance and working capital.
Access to working capital
The pandemic has exacerbated the need for swift processes and timely data. J.P. Morgan can assist you in these changes and help treasury address its daily challenges while preparing for the future.
In-house banks (IHB) can help energy players leapfrog to a future-proofed Treasury set-up with a centralized liquidity model. Setting up and running a next generation IHB isn’t as complex as it may seem on the surface. If done right, the benefits can be considerable.
It’s a complex and diverse sector, varying between region, revenue and enterprise. Is there any common ground for energy players? For the first time, J.P. Morgan’s treasury research spotlights energy firms, revealing the forces shaping this expansive industry.
All data from J.P. Morgan internal research, August – September 2021
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of J.P. Morgan, its affiliates, or its employees. The information set forth herein has been obtained or derived from sources believed to be reliable. Neither the author nor J.P. Morgan makes any representations or warranties as to the information’s accuracy or completeness. The information contained herein has been provided solely for informational purposes and does not constitute an offer, solicitation, advice or recommendation, to make any investment decisions or purchase any financial instruments, and may not be construed as such.
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