Diversified industrial manufacturer Eaton has recognised JP Morgan as one of its top suppliers. JP Morgan’s commercial card business received Eaton’s prestigious premier supplier award in recognition of the JP Morgan purchasing card programme that has been in place at Eaton since 1995.
In addition, Eaton recently extended its North American purchasing card programme with JP Morgan for an additional five years and newly awarded the company its purchasing programme in Europe, the Middle East and Africa.
JP Morgan provides Eaton with purchasing cards that enable Eaton employees to make low-dollar purchases outside of the normal purchase order process, greatly lowering costs and improving efficiencies. Transactions are controlled via purchase limits and merchant category codes, and are imbedded with accounting codes that allow the transactions to be posted directly and electronically to Eaton’s general ledger.
“We are proud to honour these suppliers for their outstanding service and commitment to excellence. The premier supplier awards are reserved for Eaton’s best suppliers,” said Craig Reed, senior vice president (SVP), supply chain management, Eaton. “We thank and congratulate each of our suppliers and look forward to working with them in the coming year.”
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.