JPMorgan Xign Launches Procure-to-pay Service
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.