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More of the paper clogging payments processing–remittance documents received outside lockboxes–has gone up in smoke thanks to a new JPMorgan Chase service, Virtual Remit, that lets companies scan payments and documents and transmit them to lockboxes. Digitizing those documents has saved $19 billion Whirlpool three days of float and added $96,000 to cash flow, reports Teresa L. Jenkins, the company’s manager of shared services.

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