J.P. Morgan Private Bank has inked a deal with Interactive Technologies to automate bill processes, deploying Advantage Plus software. The deal extends the use of Advantage Plus to a fourth Chase business unit, said Bjarne Rostaing, v.p. at Interactive Technologies.
Users can combine fee charges in different currencies on a single invoice.
Transactional currencies, including amounts held in foreign depositories can be specified in the system, he added. Currency exchange rates can be electronically imported or manually entered, Rostaing noted, offering processing flexibility. Advantage Plus also includes Euro-triangulation functionality that takes European regulations into account, he said. Chase Global Investor Services served as the beta site for the multicurrency upgrade. Daily billing functionality had been developed for the installation, explained Rostaing.