J.P. Morgan (New York) has introduced enhancements to its Treasury OnLine service, the bank's set of customizable online treasury management tools that help companies better manage their cash, risk and foreign exhange trading across business units.
With the upgrade, Treasury OnLine now features a real-time, inter-company netting functionality along with new cash flow forecasting capabilities to help organizations further improve cash management operations. These new enhancements have been integrated with Treasury OnLine's existing risk analysis and FX trading functions.
The new inter-company netting module is designed to help multientity organizations save time and costs associated with the payment and reconciliation of inter-company invoices. It is multilateral and multicurrency and helps consolidate invoices, execute foreign exchange deals and settle transactions. Netting information is available in real time for an ongoing view of settlement estimates, up to and including the final balance. Users can customize the frequency at which netting occurs, whether weekly, monthly or quarterly. According to J.P. Morgan, this feature will helps companies gain greater transparency into balances and eliminate the number of payments, thus saving them money.
The new cash module is a multicurrency cash forecasting tool designed to provide greater visibility into an organization's cash position. Cash module functions include daily, weekly and monthly forecasts; view detail on the location of corporate liquidity, including bank account balances; and analysis of forecast accuracy by account and currency.
Treasury OnLine's new netting and cash forecasting capabilities have been fully integrated with existing risk and FX trading functions.