Banking

End-To-End Supply Chain Automation Sets Its Sights On Payables Processing

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Executive Summary

Companies pursuing supply-chain integration have long focused on automating accounts receivable processing. Now JPMorgan Order-to-Pay extends the benefits of end-to-end automation to the accounts payable process. Buyers can electronically: deliver purchase orders; receive, validate and approve invoices; make payments; and enable suppliers to monitor invoice status - all through a JPMorgan-hosted solution. Buyers are also able to collapse the settlement cycle and gain an automated approach to capturing discounts for early payment. The solution delivers dramatic operational and working capital efficiencies and improved visibility over payables processing.

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