Making the move from paper payments to the electronic version can be hard for midsize companies that don't command big IT staffs. Now JP Morgan Treasury Services has launched an accounts payable platform that it says will allow mid-market companies to automate their order-to-pay processes rapidly and with a minimum of IT resources.
The software-as-a-service platform, called Order-to-Pay Rapid Deployment, has an interface that lets companies deploy it in a configuration that works for them, says David Peraino, managing director and global order-to-pay product executive at JP Morgan Treasury.
"It allows for much more simplified integration," he says. "This is really suited for those firms in the middle-market space that want to configure to meet their business needs but don't want a full custom solution."
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