ExacTrac is one of JPMorganChase's newest solutions which offers a fully automated and integrated process for payments, reporting and reconciliation. ExacTrac makes payment processes more efficient with end-to-end automation, enabling the reduction of manual, check-based activities. This payment solution complements existing purchasing or invoicing systems, since it is implemented as the payment device for your current system.
ExacTrac enhances reporting and provides controlled spending for each payment, which maximizes program discounts by targeting manual check processing and higher dollar spend transactions. It also builds on the security and fraud prevention of the commercial card industry and shortens reconciliation periods, while at the same time improving accuracy.
