J.P. Morgan Payments Debuts Tool to Streamline Cash Application
By PYMNTS
AI summary of the source article
J.P. Morgan Payments has launched Receivables Matching, a new tool designed to assist clients in streamlining cash applications.
Why it matters
According to the release, "Cash application has historically been a necessary but often labor-intensive part of the receivables process."
Key facts
- J.P. Morgan Payments launched a tool called Receivables Matching.
- The tool is designed to help clients streamline cash applications.
- The launch was announced in a press release on Monday (Nov. 2).
Source excerpt · PYMNTS
J.P. Morgan Payments launched Receivables Matching, a tool designed to help clients streamline cash applications, according to a Monday (Nov. 2) press release. “Cash application has historically been a necessary but often labor-intensive part of the receivables process,” the release said. “Once a payment arrives, accounts receivable teams must determine which invoices it belongs to, […] The post J…