• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • SCB YouTube
  • Login
  • Subscribe
  • Logout
  • My Profile
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Supply Chains in Crisis
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • THINK TANK
  • WEBINARS
    • On-Demand Webinars
    • Upcoming Webinars
    • Webinar Library
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » JPMorgan Allies With Trax Technologies for Supply-Chain Financing

JPMorgan Allies With Trax Technologies for Supply-Chain Financing

May 7, 2008
JPMorgan

JPMorgan has joined with Trax Technologies, Inc., a global transportation-management company, to offer a suite of logistics and financial services. The venture includes supply-chain financing capabilities for Trax's integrated customer base of freight carriers and shippers. Clients get a combination of financing and outsourced freight services that automate and manage a carrier's billing process. Trax's freight-invoicing service manages the billing and accounts receivable process. Carrier's benefit from reductions in day's sales outstanding, as well as a more cost-effective and compliant billing infrastructure, the companies claimed. With the addition of JPMorgan's supply-chain financing service, Trax can extend the shipper's payment terms, while enabling the carrier to discount its receivables for cash. Carriers can automatically or manually select receivables to discount, and decide how and when they wish to receive payment. Carriers will be notified of, and have the option to sell to JPMorgan, confirmed invoices that meet eligibility criteria. They receive payment from JPMorgan of a discounted price for the invoices purchased, along with comprehensive remittance data.
http://www.jpmorgan.com

    RELATED CONTENT

    RELATED VIDEOS

    Logistics Logistics Outsourcing Supply Chain Finance & Revenue Management Transportation Management Technology Retail
    KEYWORDS Logistics Logistics Outsourcing Retail SC Finance & Revenue Management Technology Transportation Management
    • Related Directories

      Kuebix

      Tecsys, Inc.

    JPMorgan

    JPMorgan Treasury Services Opens Operations Center in Poland

    More from this author

    Subscribe to our Daily Newsletter!

    Timely, incisive articles delivered directly to your inbox.

    Popular Stories

    • A MAN APPLIES PACKING TAPE TO A BROWN CARDBOARD BOX IN A LIVING ROOM OR OFFICE

      How Apparel and Retail Companies Are Implementing Intelligent Returns

      Reverse Logistics
    • A ROW OF CHILDREN SITS CARVING WOODEN PANELS ON A DIRT FLOOR.

      Is Artificial Intelligence a Solution for Modern Slavery?

      Logistics
    • A MASKED WOMAN USING A TABLET CAN BE SEEN CHECKING WAREHOUSE INVENTORY.

      Warehousing and Storage Most Stressful Industry in U.S., Report Finds

      HR & Labor Management
    • The interior of a retail clothing store can be seen. A manager in a black shirt is using a digital tablet in the foreground of the photo. Photo: iStock.com/B4LLS

      Transforming Supply Chains for the World’s Largest Retailers

      Data Management (Big Data/IoT/Blockchain)
    • A SHIP LOADED WITH ORANGE CONTAINERS MAKES WAY UNDER A BRIDGE OVER A MUDDY BROWN WATERWAY

      Panama Chaos Grows as U.S. Diesel Shippers Bypass Canal

      Ocean Transportation

    Digital Edition

    Scb nov 2023 lg

    2023 Supply Chain Innovation Award

    VIEW THE LATEST ISSUE

    Case Studies

    • A GRAPHIC SHOWING MULTIPLE FORMS OF SHIPPING, WITH A HUMAN STANDING AT THE CENTER, TOUCHING A SYMBOLIC MAP OF THE WORLD

      Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

    • A GRAPHIC OF INTERLACING HONEYCOMBED ELEMENTS REPRESENTING GLOBAL BUSINESS TRANSACTIONS

      Moving Robots Site-to-Site

    • JLL Finds Perfect Warehouse Location, Leading to $15M Grant for Startup

    • Robots Speed Fulfillment to Help Apparel Company Scale for Growth

    • New Revenue for Cloud-Based TMS that Embeds Orderful’s Modern EDI Platform

    Visit Our Sponsors

    Antuit Zebra Anvyl AutoStore
    BEUMER Group Blue Ridge Global Brightdrop
    Brother CHEP Cleo
    Coenterprise Comarch Data Capture
    E2open Enveyo Eva Air
    ForwardX Robotics Frayt GAINSystems
    Generix Geodis GEP
    Global Supply Chain Marketing Summit GreyOrange Here
    HICX Holman Logistics Infor
    Inmar Kinaxis Lexis Nexis
    Locus Robotics Logility LogistiVIEW
    Lucas Systems MCA Connect MCA Connect
    Moody’s Analytics MPO Old Dominion
    OneRail Overhaul PartnerLinQ (Visionet)
    Port of Virginia Rockwell Automation Ryder E-commerce by Whiplash
    Saddle Creek Logistics SAP Servicon
    Shyft Sourcemap SPS Commerce
    Tecsys TGW Systems Thomson Reuters
    Veho Verusen Walmart
    Workshop
    • More From SCB
      • Featured Content
      • Video Library
      • Think Tank Blog
      • SupplyChainBrain Podcast
      • Whitepapers
      • On-Demand Webinars
      • Upcoming Webinars
    • Digital Offerings
      • Digital Issue
      • Subscribe
      • Manage Your Subscription
      • Newsletters
    • Resources
      • Events Calendar
      • SCB's Great Supply Chain Partners
      • Supplier Directory
      • Case Study Showcase
      • Supply Chain Innovation Awards
      • 100 Great Partners Form
    • SCB Corporate
      • Advertise on SCB.COM
      • About Us
      • Privacy Policy
      • Contact Us
      • Data Sharing Opt-Out

    All content copyright ©2023 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

    Design, CMS, Hosting & Web Development :: ePublishing