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Daniel Cotti recently joined J.P. Morgan Treasury Services as Global Trade executive. “Global News & Views” recently asked Mr. Cotti, a recognized leader in the global trade arena, to comment on the current — and future — state of global trade.
More»Over the past 10 years, S&P 500 firms have allocated about $3.9 trillion to capital expenditures and $1.4 trillion on research & development. But as the impact of the financial crisis begins to fade, decision makers are shifting their focus from liquidity and balance sheet strength to capital allocation and value creation. This report debunks some of the myths surrounding capital allocation and describes the components of an efficient allocation process.
Healthcare reform continues to dominate the headlines. Changes are coming — and the impact on the healthcare payments system will be modernization – to one extent or another. According to Martha Beard, Healthcare and Public Sector Segment executive at J.P. Morgan Treasury Services, the potential for improvements – and cost savings — in the healthcare sector, which accounts for one sixth of the U.S. economy,* is significant. Both providers and healthcare plans stand to benefit.
As check volumes decline, check fraud is increasing. Sounds contradictory, but the simplicity surrounding check fraud makes it an easy-to-commit, quick-hit crime and a low-cost endeavor for fraudsters. According to the AFP 2009 Payments Fraud and Control Survey, nine out of 10 organizations that experienced attempted or actual payments fraud in 2008 were victims of check fraud, and 47% of those suffered financial loss.
Businesses can now use lockbox remote capture technology to capture and transmit remittance data and images of receivables transactions directly from their desktop with a single receivables scanning device that accepts checks, full-size documents, coupons and envelopes.
Effective November 21, 2009, a new payment format — MT202COV — will be introduced by SWIFT as part of their 2009 Standards Release, and J.P. Morgan is set to begin using it for all currencies and in all jurisdictions in which we clear cover payments.
In the past few years, Latin America has experienced economic growth, offering multinational corporations tremendous opportunities. As a leading global financial services provider, J.P. Morgan offers a full range of cash management, trade and banking services to corporations and financial institutions in the region. Among the countries where we have a presence are Brazil and Mexico.
As companies enter new markets, global treasury managers are facing new and increasingly complex issues. In these interviews, four of our Treasury Services executives from around the globe share their insights on the issues corporate treasurers are facing and how to best meet today's challenges. Among the topics included are regional trends, the impact of the financial crisis on regional economies, dealing with local regulations and different expectations of industry segments. No matter what the region or industry, J.P. Morgan offers solutions that can help treasurers gain visibility and control, optimize their working capital and mitigate risks.
Companies view receivables management as an area of tremendous challenge and opportunity. Historically, solutions like lockbox have improved funds availability and enhanced working capital efficiency. But have they gone far enough?
In order to assist our clients with compliance required under Regulation "F", J.P. Morgan Treasury Services provides financial highlights on a quarterly basis. We consistently meet the benchmark guidelines as defined by the Federal Reserve Bank, which serve as a standard to measure the financial strength of correspondent bank(s) for overnight credit and settlement exposure.
Efficient and accurate cash flow forecasting helps make strategic debt, investment and working capital decisions. It may also be the best technique to predict and obtain accurate ending cash balance positions — a number Wall Street has come to use for measuring management effectiveness.
Fortune magazine ranks Heidi Miller #17 on its list of the "50 most powerful women in American business."
Industry analyst firm Celent recently honored J.P. Morgan with a "Model Bank" award for the firm’s new and innovative J.P. Morgan ACCESS security technology.
The Texas Workforce Commission is issuing debit cards through J.P. Morgan to pay unemployment benefits, which have averaged $97 million a month.
U.S. Ex-Im Bank approved a $610 million loan guarantee to finance U.S. exports of equipment to expand Chartered Semiconductor Manufacturing's Fab 7 facility in Singapore.
Jim Nelson, Senior Product Consulting Manager for J.P. Morgan Commercial Card Solutions, recently sat down with purchasing card coordinators from three very diverse industries to learn what tactics users are taking to increase their PCard volume and adoption rate.
J.P. Morgan is the first financial services company to achieve accreditation by the Electronic Healthcare Network Accreditation Commission (EHNAC) for electronic healthcare processing. Display of the EHNAC logo represents our adherence to a strict set of healthcare processing standards in accordance with HIPAA guidelines.
What should corporates be aware of as Europe moves towards SEPA and what should they be doing now?
For much of the past ten years, a key philosophy underlying developments in the trade finance world has been that of "dematerialization". Advances in communications technology and a related re-examination of the role played by financial service providers in the trade sphere have led to wide acceptance that the future direction of the business would be predicated upon the ability of firms to drastically reduce the amount of paper documents used in their day-to-day servicing and financing activities.
For the treasury, disaster recovery/business continuity is not just a matter of maintaining and monitoring internal systems and processes. Nor is it solely a question of ensuring back-up facilities can be depended upon. It is also important to guarantee that the treasury has options in the event of a serious outage by primary banking providers.
In the constant push to improve financial performance, treasurers are seeking a new plateau from which they can strategically manage the entire receivables process. Driven by design requirements outlined by its clients, J.P. Morgan has employed the latest technologies in its quest to achieve this ambitious plateau.
Organizations must evaluate their own recovery plans in an effort to preserve business continuity. A comprehensive disaster recovery/business continuity evaluation must include regular review of banking providers and other crucial vendors and partners. Increasingly, clients want to understand the contingency plans of their banks in greater detail and participate in testing.
What can importers and exporters do to prepare better for natural disasters, port strikes, and other factors beyond their control? What emergency planning considerations should be in place to better ensure that a company’s supply chains operate in tough times? How can manufacturers and retailers better weather the storm? Check out these tips from the global trade management experts at J.P. Morgan.
When do you outsource? When it's not a core competency and it's better to invest your resources elsewhere, reports Purchasing magazine, citing the example of International Truck and Engine Corporation. The Warrenville, IL, company turned to outsourcing to drive its importing processes and gleaned immediate results from third-party global trade management provider Vastera, a J.P. Morgan company.
Industry experts largely agree the biggest obstacle to widespread adoption of a universal language for payables and receivables straight-through processing is the price tag for investments in A/P and A/R systems. Banks are playing a leading role in developing XML standards as a cheap and easy-to-implement payments solution that also can be used for electronic data interchange to support the supply chain.
How can you wring out more operational efficiencies after years of focusing on efficiency gains? Which areas afford the best opportunity for further enhancing working capital?
As crisis events in our industry continually demonstrate, a good risk management process at origination of any trade finance deal is the best way to minimize loss when problems arise.
Leading companies view prepaid cards as a great solution for recurring payments like payroll and incentives.
Traditionally, the global supply chain has not been considered the domain of the treasurer. But within the increasingly complex business environment that is the hallmark of globalization, the supply chain stands front and center among the treasurer’s concerns.
Learn how J.P. Morgan is gearing up to meet the challenges and opportunities of China trade.
More corporate treasurers are turning to Web-based solutions such as electronic payables discounting. Learn how this tool can be used to optimise working capital and why it is particularly well suited to the Latin American market.
All schools have tight operating budgets these days, and you need to ensure your school spends every dollar properly. No matter the size of your school or the amount of your budget, a purchasing card program could fit with your procurement goals and — moreover — help you achieve the bigger benefits of time and cost savings.
The U.S. Patent and Trademark Office has awarded a patent to J.P. Morgan's Global Clearing operation for technology that uses artificial intelligence to process larger volumes of payments with fewer required staff repairs.
Ever since China moved away from a centrally planned, controlled economy and gained entry as a full member of the World Trade Organization (WTO), it has been apparent that the Chinese market offers huge potential.
There does not appear to be an obvious winner when it comes to payment options — no one size fits all. Instead, an integrated approach that adopts many different payment methods can provide a complete payables solution.
Thanks to the efficiency of our global financial infrastructure, clearing services are these days viewed as a commodity business. In other words, all treasurers expect flawless settlement of high value, cross-border treasury and commercial payment instructions every time, by all their financial institutions.
