J.P. Morgan Payments Expands Oracle Partnership to Streamline Payments Across Treasury, Trade and Commerce
J.P. Morgan Payments has expanded its partnership with Oracle, introducing new and enhanced product integrations across Oracle platforms. These integrations aim to streamline payments for treasury, trade, and commerce operations. Key enhancements include:
1. Banking Services: Real-time cash balance visibility
2. Touchless Expense: Faster expense report creation using near real-time data
3. Supply Chain Finance: Working capital optimization
4. Commerce Suite: Streamlined in-store merchant payments
The expanded partnership allows clients to access J.P. Morgan Payments offerings directly from Oracle Cloud applications, enabling quicker implementation with minimal IT effort. In 2023, J.P. Morgan Payments reported $18.3 billion in revenue, a 31% increase from 2022.
J.P. Morgan Payments ha ampliato la sua partnership con Oracle, introducendo nuove e migliorate integrazioni di prodotto attraverso le piattaforme Oracle. Queste integrazioni mirano a semplificare i pagamenti per operazioni di tesoreria, commercio e scambio. Le principali migliorie includono:
1. Servizi Bancari: Visibilità in tempo reale del saldo di cassa
2. Spese senza Contatto: Creazione più rapida dei report delle spese utilizzando dati quasi in tempo reale
3. Finanza della Supply Chain: Ottimizzazione del capitale circolante
4. Suite Commerciale: Semplificazione dei pagamenti ai commercianti in negozio
La partnership ampliata consente ai clienti di accedere alle offerte di J.P. Morgan Payments direttamente dalle applicazioni Oracle Cloud, permettendo un’implementazione più rapida con un minimo sforzo IT. Nel 2023, J.P. Morgan Payments ha riportato 18,3 miliardi di dollari di fatturato, un aumento del 31% rispetto al 2022.
J.P. Morgan Payments ha ampliado su asociación con Oracle, introduciendo nuevas y mejoradas integraciones de productos en las plataformas de Oracle. Estas integraciones tienen como objetivo simplificar los pagos para las operaciones de tesorería, comercio e intercambio. Las principales mejoras incluyen:
1. Servicios Bancarios: Visibilidad del saldo de caja en tiempo real
2. Gastos Sin Contacto: Creación más rápida de informes de gastos utilizando datos casi en tiempo real
3. Finanzas de la Cadena de Suministro: Optimización del capital de trabajo
4. Suite de Comercio: Simplificación de los pagos a comerciantes en tienda
La asociación ampliada permite a los clientes acceder a las ofertas de J.P. Morgan Payments directamente desde las aplicaciones de Oracle Cloud, lo que permite una implementación más rápida con un esfuerzo mínimo de TI. En 2023, J.P. Morgan Payments reportó $18.3 mil millones en ingresos, un aumento del 31% en comparación con 2022.
J.P. Morgan Payments는 Oracle과의 파트너십을 확장했습니다, Oracle 플랫폼 전반에 걸쳐 새로운 및 향상된 제품 통합을 도입했습니다. 이러한 통합은 지급을 간소화하는 것을 목표로 합니다 예산, 무역 및 상업 활동을 위한 것입니다. 주요 향상된 기능은 다음과 같습니다:
1. 은행 서비스: 실시간 현금 잔고 가시성
2. 비접촉 경비: 거의 실시간 데이터를 사용하여 경비 보고서 작성 속도 증가
3. 공급망 금융: 운전 자본 최적화
4. 상업 스위트: 매장 결제 간소화
확장된 파트너십을 통해 고객은 Oracle Cloud 애플리케이션에서 J.P. Morgan Payments 제품에 직접 접근할 수 있어 최소한의 IT 노력이 필요합니다. 2023년에는 J.P. Morgan Payments가 183억 달러의 수익을 기록했으며, 이는 2022년보다 31% 증가한 수치입니다.
J.P. Morgan Payments a élargi son partenariat avec Oracle, introduisant de nouvelles intégrations de produits améliorées sur les plateformes Oracle. Ces intégrations visent à simplifier les paiements pour les opérations de trésorerie, de commerce et d'échange. Les principales améliorations comprennent :
1. Services Bancaires: Visibilité en temps réel du solde de trésorerie
2. Dépenses Sans Contact: Création plus rapide des rapports de dépenses utilisant des données presque en temps réel
3. Financement de la Chaîne d'Approvisionnement: Optimisation du fonds de roulement
4. Suite de Commerce: Simplification des paiements en magasin pour les commerçants
Ce partenariat élargi permet aux clients d'accéder directement aux offres de J.P. Morgan Payments via les applications Oracle Cloud, permettant une mise en œuvre plus rapide avec un minimum d'effort informatique. En 2023, J.P. Morgan Payments a rapporté 18,3 milliards de dollars de revenus, soit une augmentation de 31 % par rapport à 2022.
J.P. Morgan Payments hat seine Partnerschaft mit Oracle erweitert und neue sowie verbesserte Produktintegrationen auf den Oracle-Plattformen eingeführt. Diese Integrationen zielen darauf ab, Zahlungen zu optimieren für Treasury-, Handels- und Geschäftsoperationen. Die wichtigsten Verbesserungen sind:
1. Bankdienstleistungen: Echtzeitanzeige des Bargeldbestands
2. Kontaktlose Ausgaben: Schnellere Erstellung von Ausgabenberichten mit nahezu Echtzeitdaten
3. Lieferkettenfinanzierung: Optimierung des Betriebskapitals
4. Handels-Suite: Vereinfachte Zahlungen für Einzelhändler im Geschäft
Die erweiterte Partnerschaft ermöglicht es den Kunden, die Angebote von J.P. Morgan Payments direkt über Oracle Cloud-Anwendungen abzurufen, was eine schnellere Implementierung mit minimalem IT-Aufwand ermöglicht. Im Jahr 2023 berichtete J.P. Morgan Payments von 18,3 Milliarden Dollar Umsatz, was einem Anstieg von 31% gegenüber 2022 entspricht.
- Expanded partnership with Oracle enhances functionality and streamlines operations for clients
- New integrations allow quicker implementation with minimal IT effort
- J.P. Morgan Payments reported $18.3 billion in revenue in 2023, a 31% increase from 2022
- J.P. Morgan Payments processes nearly $10 trillion in payments daily, operating in over 160 countries and 120 currencies
- None.
Insights
The expanded partnership between J.P. Morgan Payments and Oracle marks a significant advancement in financial technology integration. This collaboration enhances operational efficiency for corporate clients by streamlining payments across treasury, trade and commerce. Key improvements include:
- Real-time cash balance visibility
- Faster expense report creation
- Optimized working capital through supply chain finance
- Streamlined in-store merchant payments
These integrations can lead to reduced operational costs and improved cash flow management for businesses. The partnership's focus on AI-driven ERP systems and touchless transactions aligns with the growing trend of digital transformation in corporate finance. For investors, this signals potential revenue growth for both J.P. Morgan and Oracle in the fintech sector, as evidenced by J.P. Morgan Payments'
This partnership expansion is a game-changer for corporate treasury operations. The integration of J.P. Morgan's Banking Services with Oracle's Cloud ERP provides treasurers with unprecedented real-time visibility into cash balances. This capability is important for making informed decisions on cash management and liquidity planning. The touchless expense reporting feature, utilizing near real-time transaction data, will significantly reduce processing time and errors in expense management. Moreover, the supply chain finance integration addresses a critical need in today's market: optimizing working capital. By allowing companies to extend payment terms with vendors without straining supplier relationships, this feature can lead to improved cash conversion cycles and overall financial health. These enhancements position both J.P. Morgan and Oracle as leaders in treasury technology innovation, potentially driving increased market share in the corporate banking and ERP sectors.
The integration of J.P. Morgan Payments' in-store payment application with Oracle's Payment Interface is a significant development for the retail and hospitality sectors. This collaboration addresses a important pain point for multi-location businesses: inconsistent payment processing across different points of sale. By standardizing POS payments through Oracle Simphony for food and beverage and Oracle Xstore for retail, businesses can expect improved operational efficiency and customer experience. This integration could lead to faster transaction times, reduced errors and more seamless omnichannel experiences. For investors, this signals potential growth in J.P. Morgan's merchant services segment and Oracle's retail technology solutions. The partnership's focus on industry-specific solutions (food & beverage, retail) demonstrates a strategic approach to capturing market share in high-value verticals, potentially leading to increased adoption rates and revenue growth for both companies in these sectors.
J.P. Morgan Payments and Oracle enhance existing cloud enterprise resource planning (ERP) integration with new solutions across Oracle platforms
Since 2021, J.P. Morgan Payments and Oracle have been partnering to provide mutual corporate clients enhanced functionality and easier connectivity. These new integrations build on the success of J.P. Morgan Payments' Banking Services integration into Oracle Fusion Cloud Enterprise Resource Planning (ERP), which was announced at Oracle CloudWorld 2022 and delivers a first-of- its-kind solution with turnkey connectivity for reporting and payments.
New and enhanced product integrations include:
- Banking Services: Deliver real-time cash balance visibility through J.P. Morgan Payments to help corporate treasury make informed and smarter decisions.
- Touchless Expense: Create expense reports faster using near real-time transaction authorization data through J.P. Morgan Commercial Cards and Oracle Fusion Cloud. After a 12-month pilot with Oracle, this integration is available for all corporate clients.
- Supply Chain Finance: Unlock working capital by optimizing payment terms with vendors delivered by J.P. Morgan Trade and Working Capital financing platforms integrated with Oracle Fusion Cloud.
- Commerce Suite: Streamline in-store merchant payments by connecting J.P. Morgan Payments’ in-store payment application with the Oracle Payment Interface to accept point-of-sale (POS) payments consistently across J.P. Morgan Payments’ terminals. This includes two Oracle products across industries: Oracle Simphony for food and beverage and Oracle Xstore for retail, both of which will be available soon.
“We're thrilled to expand our Oracle partnership with new integrations that enhance functionality and streamline operations for our clients,” said Hubert J.P. Jolly, Head of Digital & Design at J.P. Morgan Payments. “Combining Oracle's technology with our secure ecosystem empowers clients to create integrated payment experiences and accelerate business growth.”
Details about the new integrations will be available through the J.P. Morgan Payments Partner Network, which combines J.P. Morgan Payments' solutions with third-party integrations to help clients build, implement and optimize their payment strategies. Clients leveraging these integrations are able to go live quicker, with little to no IT lift, and are able to access J.P. Morgan Payments offerings directly from Oracle Cloud applications.
“By embedding turnkey bank connectivity, payments and working capital options within our AI-driven Oracle Fusion Cloud ERP, we’re delivering continuous innovation that matters to our customers,” said Rondy Ng, Executive Vice President of Applications Development at Oracle. “The J.P. Morgan and Oracle partnership enables our mutual clients to achieve touchless transactions, gain cash insights, and connect actions across finance and the business.”
A client already benefitting from J.P. Morgan Payments’ Banking Services integration with Oracle Fusion Cloud ERP is Avis Budget Group, Inc. Avis Budget Group is a leading global provider of mobility solutions, both through its Avis and Budget brands, which have more than 10,000 rental locations in approximately 180 countries around the world, and through its Zipcar brand, which is the world's leading car sharing network. According to Avis Budget Group, “Being able to leverage the banking integration between J.P. Morgan Payments and Oracle Fusion Cloud ERP is an exciting opportunity. With the pre-configured setup, we aim to enhance our workflows along with streamlining our reconciliation process. The enhanced acknowledgments and Oracle managed certificates are an added benefit."
J.P. Morgan Payments and Oracle plan to introduce additional product integrations over time in response to evolving trends and client demand.
J.P. Morgan Payments combines treasury services, trade & working capital, card and merchant services capabilities to help clients pay customers or employees, in different currencies, around the world. It processes nearly
J.P. Morgan Payments is showcasing the new and enhanced product integrations at Oracle CloudWorld 2024 taking place Sept. 9-12 in
About J.P. Morgan’s Corporate & Investment Bank
J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With
About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.
About Avis Budget Group
We are a leading global provider of mobility solutions, both through our Avis and Budget brands, which have approximately 10,250 rental locations in approximately 180 countries around the world, and through our Zipcar brand, which is the world's leading car sharing network. We operate most of our car rental locations in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240911865333/en/
Media Contact
Jazmin Beltran, jazmin.beltran@jpmchase.com
Source: JPMorgan Chase & Co.
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