Financial Outsourcing Solution Unveiled by JPMorgan
Plans for a new financial outsourcing service – designed to facilitate best practice management of the complete financial supply chain – have been announced by JPMorgan Treasury Services. Claiming to offer the most ‘broad-ranging’ outsourcing solution on the market to date, JPMorgan Treasury Services said the new service would supply a range of information, integration, connectivity and execution capabilities aggregating services and applications from JPMorgan, third parties and client systems. Access to the service will be through a single web-based ‘dashboard’, acting as a gateway to a comprehensive range of service components. These include traditional treasury and cash management processes, in-house banking, forecasting analysis, risk analysis solutions, quote- to- cash and procure- to- pay functions as well as trade services. The service offering is based on comprehensive research carried out with JPMorgan’s customers, a Client Advisory Board specifically assembled for the project and in conjunction with external consultants.