J.P. Morgan Payments has launched a new supply chain finance (SCF) solution integrated with Oracle Fusion Cloud Enterprise Resource Planning (ERP). The solution, now being used by FedEx, aims to improve working capital and liquidity management for corporate clients.
According to J.P. Morgan Payments, the integration allows companies like FedEx to set up SCF features directly within their Oracle Cloud ERP system using Oracle B2B. This eliminates the need for custom development work and reduces the typical implementation time from six months to a simple activation process. Once an invoice is approved by FedEx, vendors have the option to wait for payment on extended terms or receive early payment through J.P. Morgan Payments at rates based on FedEx’s credit rating.
Umar Farooq, Global Co-Head at J.P. Morgan Payments, said, "We are thrilled to team up with FedEx to enhance working capital and boost liquidity management. By integrating our payment solutions with strong ERP relationships, we are demonstrating our commitment to collaboration and innovation, helping clients optimize financial performance and drive business growth.”
FedEx worked alongside J.P. Morgan Payments and Oracle in developing this feature. Trampas Gunter, CVP Corporate Development and Treasurer at FedEx stated, "Collaborating with J.P. Morgan Payments and Oracle to build a solution has been transformative for our working capital management. Leveraging J.P. Morgan Payments' SCF and liquidity solutions in a way that is tailored to our business has strengthened our financial position and enhanced our operational resilience, ultimately benefiting our customers and shareholders."
The SCF capability is delivered through J.P. Morgan Payments’ Integrated Trade Finance for Oracle Fusion ERP—a suite of integrations announced at Oracle Cloudworld 2024 along with other enhancements such as AI-driven expense tools and virtual card processing options.
FedEx also adopted liquidity management strategies using Liquidity & Account Solutions (L&AS) from J.P. Morgan Payments as well as Kinexys by J.P. Morgan’s blockchain technology for digital payments across notional pools in Europe and Asia Pacific.
Rondy Ng, Executive Vice President of Applications Development at Oracle commented: “The collaboration between Oracle and J.P. Morgan Payments is transforming how our joint customers unlock new banking and working capital solutions through turnkey activation and embedded AI services within Oracle Cloud ERP. With our joint multi-year continuous innovations in Oracle B2B with J.P. Morgan Payments, we empower businesses to achieve near touchless payment transactions, and agile and resilient financial operations for a dynamic economy."
J.P. Morgan Payments processes over $10 trillion daily across more than 160 countries in over 120 currencies; its Kinexys platform has handled over $1.5 trillion since launch.
More information about the partnership can be found on the official websites of J.P.Morgan or Oracle.
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