Iteration Matrix

Iteration Matrix manages your ePayables program with continuous supplier onboarding and other AP solutions including pay by web and pay by phone. Iteration Matrix connects to J.P. Morgan's API virtual card solution. Focus on generating revenue while we handle your supplier payments for your J.P. Morgan virtual card program.

Partner product overview

J.P. Morgan and Iteration Matrix have partnered together to provide users the ability to automate and expedite invoice payments through secure virtual card transactions. Iteration Matrix handles pay by web and pay by phone suppliers and provides continuous recruitment opportunities, boosting J.P. Morgan virtual card rebates often missed through traditional AP practices. Your suppliers enjoy faster payments and a significant reduction in DSO.

 You benefit from ongoing financial rewards, lower accounts payable expenses and peace of mind knowing your suppliers are being paid regularly and accurately.

 As your ePayables expert, IM optimizes your ROI by reducing costs and adding revenue to your bottom line -- a bonus that you may be leaving on the table.

  • We provide managed services to capture additional spend

  • We follow up with your suppliers about late payments

  • A free supplier portal to reduce supplier payment inquiries

  • You maximize your potential rebate earnings on your J.P. Morgan virtual card program

  • There are no setup fees or monthly costs

Iteration Matrix offers an additional suite of fee-based AP services including:

  • Electronic Invoicing

  • Duplicate Payment Prevention tool

  • Automated Statement Reconciliation

  • Audit Recovery services

Benefits with J.P. Morgan

  • Get the maximum rebates available with your J.P. Morgan Virtual Card program
  • Increase your spend through the J.P. Morgan Virtual Card Program with our pay by phone or pay by web managed service.
  • Reduce supplier payment inquiries giving suppliers self-serve access to the IM Portal.
  • Enjoy our complimentary J.P. Morgan Virtual Card late payment follow-up services.

Iteration Matrix is an industry-leading fintech company accelerating payments and specializing in procure-to-pay solutions. We increase the speed of supplier payments while also providing users a suite of online tools designed to help businesses unlock savings, generate efficiencies, and increase their value proposition.