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Enron Mail |
I'm checking into the JPMorgan services business you mentioned. I run acro=
ss=20 a few things that look interesting. I'll pass them along as I come to them= . Press Release J.P. Morgan Chase Joins Forces with BCE Emergis to Offer Web-Based Invoicin= g=20 and Payments for Wholesale Banking Clients January 18, 2001=20 New York, New York and Montreal, Canada, January 18, 2001 =01) The J.P. Mor= gan=20 Treasury Services Unit, a unit of J.P. Morgan Chase & Co. (NYSE: JPM),=20 has entered into a strategic agreement with BCE Emergis (TSE: IFM), an=20 architect of B2B e-commerce services and exchanges, to implement an=20 electronic=20 invoice presentment and payment (EIPP) solution. The agreement was created= =20 by the J.P. Morgan Treasury Services and LabMorgan, the e-finance unit=20 of J.P. Morgan Chase, to expand e-commerce offerings focused on competitive= =20 electronic invoice presentment and payment. Today=01,s announcement=20 expands J.P. Morgan Chase=01,s already broad range of e-services offerings.= J.P.=20 Morgan Chase will offer Emergistm e-Invoicing as a solution for corporate,= =20 middle market, financial institution, and net marketplace wholesale banking= =20 clients to use with their trading partners. In addition, J.P. Morgan Chase will use e-Invoicing to deliver the bank's= =20 account analyses and invoice statements to its treasury services clients=20 globally.=20 This decision follows the successful pilot of the service to a small group = of=20 Fortune 500 wholesale banking clients. J.P. Morgan Chase expects to roll th= e=20 service out to more than 1,000 of its commercial banking clients by July=20 2001. By using e-Invoicing, wholesale banking clients can immediately revie= w=20 line=20 item detail, download the data into a wide variety of accounts payables=20 packages, ERP systems and other accounting software, quickly update their= =20 general=20 ledger, and initiate on-line payments.=20 J.P. Morgan Chase is the first cash management bank to offer its own custom= er=20 analysis statements via electronic presentment and payment. BCE Emergis=20 currently processes more than 100,000 electronic business invoices every=20 month, demonstrating market experience and success in the electronic invoic= e=20 presentment industry.=20 "J.P. Morgan Chase is committed to harnessing the latest technologies to=20 offer our customers customized solutions and competitive services," said=20 Susan J. Webb, Senior Vice President, J.P. Morgan Treasury Services. "Addin= g=20 BCE Emergis=01, capabilities to our existing robust e-solutions signifies= =20 our commitment to being a world-class e-commerce leader in finance." "Working with J.P. Morgan Chase represents a milestone in expanding our=20 business base in the U.S., something we set out to do following our=20 acquisition of InvoiceLink," said Brian Edwards, Vice-chairman and CEO of B= CE=20 Emergis. "This agreement builds off the depth of our expertise in the=20 financial institutions sector and the strength of our EIPP technology, whic= h=20 we believe will be a critical and core e-commerce technology in the coming= =20 months and years. By working closely with the banks, such as J.P. Morgan=20 Chase, we have a compelling opportunity ahead of us." Emergis e-Invoicing simplifies the complexity of the B2B invoicing and=20 payment process for trading partners and billers. It provides trading=20 partners with=20 a secure way to electronically receive and pay invoices over the Internet,= =20 analyze invoices in their entirety or by individual line item, and track=20 payment=20 information and history. It provides billers with an extensive, customizabl= e=20 back office system to support their customer operations.=20
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