JPMorgan Treasury Services (TS) has launched an Internet-based payables discounting service for corporate clients. JPMorgan’s payables discounting programme will provide buyers and suppliers with a mechanism to access enhanced value from supply chain financing. The organisation has also announced an enhancement to its Image Lockbox Cost/Benefit Calculator, a consultative tool that allows clients to estimate the specific benefits of moving to image lockbox services. The calculator now takes customers through a series of questions related to their paper accounts receivables operation, and with the help of a sales officer, highlights the net savings they would receive should they convert to the Nationwide Image Lockbox Network. Separately, JPMorgan TS has developed an end-to-end Accounts Receivables Conversion (ARC) solution with Regulus, a document and remittance processing company. This solution draws upon Regulus’ experience in lockbox services and transaction processing, and according to the organisation, offers clients a comprehensive solution to handle ARC processing.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.