Last week JPMorgan announced an enhancement to its web-based A/R package Receivables Edge. The application can now match open invoices to bank captured payments and remittance detail for checks, ACH, and wire transfers. New features include:
- Auto-match transactions resulting in “hands-free” posting to client’s A/R system
- Capture and archive images online for up to 10 years
- Access 12 months worth of data and images quickly via the Web
- View of returned and re-deposited checks
- Timely notification alerts of the arrival of important payments or check returns
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