A technology leader that works closely with utility, industry, transport and infrastructure customers in roughly 100 countries, this company’s large-scale operations are dedicated to the manufacturing and distribution of equipment for the generation, transmission and distribution of energy. It is also a supplier of process automation systems and industrial robotics used in the food and beverage, automotive, consumer goods and other sectors.
As the technology giant grew in Mexico, its activities in the region were embedded within various business units. This often led to duplicative efforts and inefficiencies. The company required an adequate treasury structure that both enhanced its local and cross-border cash management and provided best-in-class service. The company also wanted to reduce manual processes, and automate its payments and reconciliation processes.
The client relationship with our branch in Mexico is one of the largest in terms of the range of products and services provided. Corporations benefit from our local products complemented by a tailor-made client service model, which includes support from the Latin America Treasury shared service center.
J.P. Morgan provides detailed information such as tax identification number and the ordering party to the customer enhancing its processes including automation of reconciliation and straight-through processing of payments, to increase operational efficiency.
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J.P. Morgan is a marketing name for the Treasury Services businesses of JPMorgan Chase Bank, N.A. and its affiliates worldwide.