J.P. Morgan Treasury Services has launched a new podcast series designed to help businesses better navigate the current economic environment. The first new podcast features retailer Payless ShoeSource describing how the company reduced accounts payable operating costs by nearly 80% and eliminated paper invoices after implementing J.P. Morgan’s Order-to-Pay service. Order-to-Pay enables customers to automate electronic purchase order delivery, invoicing and payments across a shared supplier network of more than 70,000 suppliers.
In the second new podcast, J.P. Morgan’s chief economist Bruce Kasman speaks on the “2009 Economic Outlook for Treasurers” and provides insight into the grips and depth of the economic global downturn, the path to recovery and a scenario for growth.
Bruce Kasman is managing director and head of Economic Research for J.P. Morgan. He is also the editor of Global Data Watch, a J.P. Morgan publication providing economic forecasts covering 35 countries each week. In his session, Kasman states: “I think that the good news from our point of view is that we do see a path towards the start of recovery in the second half of the year. I think that part of that path is coming from very aggressive actions on policy makers across the world to try to heal the crisis mode in funding markets and try to provide opportunities for credit to flow. There is some beneficial improvement we have already been seeing on that front. We think there are more initiatives to come.”
J.P. Morgan’s free podcast series, available at www.jpmorgan.com/podcasts, was launched in 2006 – the first of its kind in the treasury management industry. J.P. Morgan’s online archive now includes more than 30 recordings and over 500 minutes of treasury insight and business advice. Featuring leading financial experts and well-known corporate practitioners, the podcasts cover the latest regulations, trends and issues facing the treasury services industry, with topics ranging from consumer fraud to payment solutions. To date, more than more than 27,000 listeners have accessed J.P. Morgan’s podcast series.
Additional podcasts planned for 2009 include practical advice and case study presentations on how treasury products are helping businesses cut costs, save time and reduce risk.
D.C.