JPMorgan Xign has launched its new procure-to-pay service. The new solution combines JPMorgan’s financial infrastructure, treasury services experience, and on-demand technology that is designed to help businesses integrate existing enterprise supply chain and financial operations, resulting in buyers and suppliers that are more strategically connected via the Web. JPMorgan Xign Procure-to-Pay targets activities such as procurement, invoicing, payment and working capital. A future phase will incorporate a service for suppliers to automate their order-to-cash operations. Procure-to-Pay is an extension of the JPMorgan Order-to-Pay service, and follows the company’s acquisition of Xign Corporation in May 2007.
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.