Strategic Treasury

KeySpan Energizes Working Capital Performance with JPMorgan Xign

KeySpan, a major distributor of natural gas and electricity generator, was concerned about the costs, exceptions and backlogs involved in its manual processing of over 22,000 invoices per month. It decided on the adoption of an electronic settlement solution, a move to a Shared Services organization and the replacement of paper checks with electronic payments. This article describes the way this was effected and the major benefits it has brought to KeySpan.

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