J.P. Morgan Treasury Services has launched a new platform called Order-to-Pay Rapid Deployment. The intent is to simplify the implementation of systems for managing accounts payable. According to the company, the new tool can help clients to realize a return on investment in as few as 30 days. It is aimed at small and medium-sized businesses that have lacked the resources to undertake large-scale automation initiatives. Using new configuration tools and a pay-as-you-go model, Order-to-Pay Rapid Deployment helps users to reduce accounts payable processing costs, cycle times and paper invoices. They can also take advantage of early-payment discounts. Companies can begin with Total Settlement for payment automation, with commercial card, automatic clearinghouse, wire transfer and check-processing. Discounting capabilities allow users to optimize working capital or complete invoice automation via paper and electronic invoice processing. Buyers can select from a list of pre-tested packaged options that allow for business-specific, rule-driven configuration.
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