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.
Business growth
Financial performance
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.
Connect with your J.P. Morgan representative to find the right solution for your business.
Transforming treasury with in-house banks
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.
Get the full insights on the opportunity to leapfrog with in-house banks
Benchmarking the future of energy
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.
Get the full insights on the future of energy treasury
All data from J.P. Morgan internal research, August – September 2021
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