We no longer support this browser. Using a supported browser will provide a better experience.

Please update your browser.

Close browser message

As a global leader, we deliver strategic advice and solutions, including capital raising, risk management, and trade finance services to corporations, institutions and governments.

Learn more about our solutions:


Serving the world's largest corporate clients and institutional investors, we support the entire investment cycle with market-leading research, analytics, execution and investor services.

Learn more about our solutions:


We are a leader in investment management, dedicating to creating a strategic advantage for institutions by connecting clients with J.P. Morgan investment professionals globally.

Learn more about our solutions:


Our financial advisors create solutions addressing strategic investment approaches, professional portfolio management and a broad range of wealth management services.

Learn more about our solutions:


Leverages cutting-edge technologies and innovative tools to bring clients industry-leading analysis and investment advice.

Learn more:


The latest news and announcements.

Learn more:


For company information and brand assets for editorial use.

Learn more:


The latest news and announcements.

Learn more:


In a fast-moving and increasingly complex global economy, our success depends on how faithfully we adhere to our core principles: delivering exceptional client service; acting with integrity and responsibility; and supporting the growth of our employees.

Learn more:


J.P. Morgan is a global leader in financial services, offering solutions to the world's most important corporations, governments and institutions in more than 100 countries. As announced in early 2018, JPMorgan Chase will deploy $1.75 billion in philanthropic capital around the world by 2023. We also lead volunteer service activities for employees in local communities by utilizing our many resources, including those that stem from access to capital, economies of scale, global reach and expertise.

Learn more:


With over 50,000 technologists across 21 Global Technology Centers, globally, we design, build and deploy technology that enable solutions that are transforming the financial services industry and beyond.

Learn more:


Technology Banner

For general inquiries regarding JPMorgan Chase & Co. or other lines of business, please call +1 212 270 6000.

Learn more:


For general inquiries regarding JPMorgan Chase & Co. or other lines of business, please call +1 212 270 6000.

Learn more:


Digital Innovation

Accounts Receivable Technology Revolution:

Achieving the Future of Automated Reconciliation

Despite a steady march toward electronic payments, business-to-business (B2B) paper invoices and check payments remain all too common, creating costly and time-consuming manual reconciliation processes. According to a 2017 NACHA and Credit Research Foundation report, checks still make up about half of all corporate payments received1. Approximately 71% of remittance information related to electronic payments travels separately from the payments typically sent via email2. Thus, the process is currently disjointed. As a result, organizations are maintaining multiple – typically costly – processes for handling checks along with other payment types, which include ACH, wires, cards and even digital wallets.

This cumbersome reconciliation process involves data keying, physical movements, paper sorting and extensive research, as data still needs to be tied back to open accounts receivables (AR) in order to close out invoices in your back office system.

These pain points are driving the need to streamline and automate accounts receivables processing. Help is available to optimize efficiency and visibility within cash application to improve match rates, reduce delays in posting and enhance your working capital management.

Advanced reconciliation tools, as a part of an end-to-end solution, can move your organization closer to straight-through processing, enhance internal visibility and repurpose AR personnel to other value-added initiatives. That is why we continue to invest in and build flexible, proprietary and scalable reconciliation tools. They are driven by advanced data processing, machine learning and application programming interfaces (APIs) to help integrate and transform the way you do business.


of corporate payments are still made up of checks


of remittance information travel separately from payments


A growing number of effective options have become available to streamline the process of associating payment to remittance data, moving your organization closer to straight-through processing (STP). Amongst the cutting-edge tools available, optical character recognition (OCR) can identify and lift data from documents and payments received to identify key elements your organization needs to perform a two-way match of payment and remittance.

While many solutions will only match payment and remittance, we have made significant strides in developing three-way matching technologies that coordinate the payment and remittance to your open accounts receivables. This process can be further developed with machine learning. This would include a self-learning process that continually improves performance by adding missing details and enhancing data based on your business rules.

Another globally-used tool is virtual reference numbers (VRNs). This tool allows receivers to identify recurring wire and ACH payments from counterparties. This makes it easier to reconcile payments and remittances by associating a specific identifier to the counterparty, thus improving STP.

Formatting and the use of all necessary fields when posting receivables is also critically important to achieving STP. The widespread adoption of the XML-based ISO 20022 financial messaging standard will allow payment and remittance information to travel end-to-end. It is expected that the adoption of ISO 20022 standards will drive the growing use of electronic payments.

To take advantage of the tools available to help increase STP, application programming interfaces, or APIs, are now available to make integration easier, thus providing real-time visibility into your AR. APIs are not the only option (your favorite batch file transmission is still available), but organizations of all sizes are moving towards APIs because of their speed, flexibility and security. The result of this level of integration will provide end-users with an improved digital experience and reduced operational risk.


More organizations are seeking solutions that address the challenge of reconciling multiple payment types, as well as other challenges across the accounts receivable life cycle. The right partner will support your business strategy for cash application and integrate modern technologies with your internal systems to drive better performance in payment processing, three-way automated reconciliation and maintain the integrity of your data. A more efficient approach may help improve your bottom line, which may positively influence credit decisions and relationships with your customers.

As a trusted leader in providing treasury management services to large corporations and multinational companies around the globe, we are committed to developing and offering end-to-end receivables and payables solutions to help support your needs and objectives.

To learn more, please contact your J.P. Morgan Representative

©2018 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase Bank, N.A. Member FDIC.

The products and services described in this document are offered by JPMorgan Chase Bank, N.A. or its affiliates subject to applicable laws and regulations and service terms. Not all products and services are available in all locations. Eligibility for particular products and services will be determined by JPMorgan Chase Bank, N.A. or its affiliates.

JPMorgan Chase Bank, N.A. at its London Branch is authorised by the Office of the Comptroller of the Currency in the jurisdiction of the U.S.A. Authorised by the Prudential Regulation Authority. Subject to regulation by the Financial Conduct Authority and to limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request (Firm Reference Number: 124491)

J.P. Morgan AG is authorised and supervised by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin).

J.P. Morgan Bank Luxembourg S.A. European Bank and Business Centre, 6 route de Treves, L-2633, Senningerberg, Luxembourg

R.C.S Luxembourg B10.958 - SWIFT BIC CHASLULX - VAT Number 19732200242 J.P. Morgan Bank Luxembourg S.A. is regulated by the Commission de Surveillance du Secteur Financier (CSSF) and is jointly supervised by the European Central Bank (ECB) and the CSSF. J.P. Morgan Bank Luxembourg S.A. is authorized as a credit institution in accordance with the Law of 5th April 1993