JP Morgan has upgraded its cash management products in Asia Pacific with the introduction of new features to existing platforms.

Two proprietary services, Access and Receivables Edge, have been improved. Access is a platform for treasury services and securities services which offers information on financial transactions and account information, among other things.

The platform has had flexible approval rules added, which JP Morgan claims will provide clients with a more efficient workflow process, as well as improved access to information in local markets. Receivables Edge, which is run through the Access platform, is designed to automate matching inward receipts to outstanding accounts receivable. The system has had its logic rules improved to increase the match and reconciliation rate for single receipts for multiple invoices.

JP Morgan says that the changes have been made to specifically benefit Asia Pacific market practices.

“It is fundamentally important that we continue to deepen our country focus and expand our solution set. This is typified by the introduction of Japanese and simplified Chinese language reports to the Receivables Edge system.

“With our clients constantly seeking to improve their efficiency, reduce their cost and mitigate their risk, it is fundamentally important that we continue to deepen our country focus and expand our solution set,” says Hendra Lembong, JP Morgan’s recently hired head of cash management for Asia Pacific.

Finally, the bank has continued its international rollout of its cash account monitoring tool, the international demand deposit account platform, across Taiwan, Thailand, Australia and New Zealand.