Chase Unveils 'Order-to-Pay' for Mid-Size Businesses

ChaseJPMorgan Chase is providing an automated accounts payable solution for small- and medium-sized businesses with limited technology resources, Chase said today.
Order-to-Pay Rapid Deployment helps with cutting AP processing costs and cycle times, reducing paper invoices, and “the ability to maximize early payment discount opportunities,” a Chase statement said.
Helping businesses sort out cash-flow issues is becoming a more competitive market. American Express last month launched AcceptPay, an online invoicing and payment solution.
With Chase’s Order-to-Pay, businesses can select a “Total Settlement” payment automation option that includes commercial card, ACH, wire transfer and check.
“J.P. Morgan continues to invest in invoicing and payment capabilities that enable our clients to operate more efficiently,” said Eduardo Vergara, global commercial card executive, J.P. Morgan Treasury Services. 
The Treasury Services division of Chase provides payment, collection, liquidity management, trade finance, and commercial card and information services to businesses of all sizes, and governments and municipalities worldwide.
It has more than 50,000 clients and a presence in 39 countries.
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