J.P. Morgan Payments is enhancing its Trade & Working Capital solutions by introducing the Working Capital Accelerator, a digital platform that centralizes working capital products, providing unified visibility and real-time access to tools, helping clients unlock working capital value. The platform brings together our Trade & Working Capital solutions in one place, including our fully digitally-enabled Dynamic Discounting offering, which allows businesses to optimize their cash flow by offering early payment discounts to suppliers, as well as Supply Chain Finance and Receivables Financing, with plans to add more solutions to the platform over the next year.
“This is a turning point. We’re not just modernizing, we’re setting a new standard in working capital management – turning previously fragmented systems and static reporting into real-time, enterprise-wide insight,” said Heather Crowley, Global Head of Trade & Working Capital Product at J.P. Morgan Payments. “Through our new platform, clients can turn working capital management into a competitive advantage. Working Capital Accelerator gives clients a streamlined, fully integrated, data-driven solution to unlock and optimize their cash conversion cycle."
Backed by the firmwide JPMorganChase $19.8B annual technology investment1, the Working Capital Accelerator also brings critical working capital data together into one clear view on one platform, helping unlock new insights and more value. The platform is available in more than 60 markets and 10 languages2, accounting for regional nuances and supporting clients to meet complex local requirements such as tax regulations. In addition, Working Capital Accelerator can be integrated with leading ERP systems such as Oracle Fusion and SAP for efficient data management and reporting.
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Read more about the Working Capital Accelerator in Global Trade Review.
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