J.P. Morgan Payments has launched a Supply Chain Finance (SCF) solution integrated with Oracle Fusion Cloud ERP, currently used by FedEx, to optimize working capital. “We are thrilled to team up with FedEx to enhance working capital and boost liquidity management,” said Umar Farooq, Global Co-Head at J.P. Morgan Payments. “By integrating our payment solutions with strong ERP relationships, we are demonstrating our commitment to collaboration and innovation, helping clients optimize financial performance and drive business growth.” The integration enables FedEx to activate SCF functionality natively within Oracle Cloud ERP via Oracle B2B, replacing a typical six-month development project with a simplified setup. Vendors can now either accept extended terms or receive early payment through J.P. Morgan Payments, leveraging FedEx’s credit rating. “Collaborating with J.P. Morgan Payments and Oracle to build a solution has been transformative for our working capital management,” said Trampas Gunter, CVP Corporate Development and Treasurer at FedEx. J.P. Morgan’s SCF solution is delivered through its Integrated Trade Finance for Oracle Fusion ERP and was showcased at Oracle Cloudworld 2024. FedEx also adopted Kinexys Digital Payments to manage liquidity across notional pools in Europe and Asia Pacific. J.P. Morgan and Oracle have collaborated since 2022, offering clients enhanced user experiences through integrated solutions like Integrated Banking, Touchless Expenses, and Integrated Virtual Card. “The collaboration between Oracle and J.P. Morgan Payments is transforming how our joint customers unlock new banking and working capital solutions,” said Rondy Ng, EVP of Applications Development at Oracle. Oracle is part of the J.P. Morgan Payments Partner Network, which includes over 80 third-party integrations. J.P. Morgan Payments processes over $10 trillion daily in 160+ countries and 120 currencies. Its Kinexys platform has handled more than $1.5 trillion in transactions, with daily volume exceeding $2 billion and 10x annual growth. Some of the world’s largest blockchain repo transactions have been executed on Kinexys, now active across five continents.