--000000000000c2adf805f5cb9cd2 Content-Type: multipart/alternative; boundary="000000000000c2adf705f5cb9cd1" --000000000000c2adf705f5cb9cd1 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable To append to Geri's comments, JPMorgan has shared it's technically feasible to have our US-based AP team pay the invoices from our Canadian JPMorgan accounts via Netsuite, however we need to set up the IT/system side of things, plus adjust the team to generate the operational capacity to handle it. So it could be some time still before this is in place. Regards, Ethan Stein, CFA Treasurer TheKey.com [image: TheKey] On Tue, Feb 28, 2023 at 2:15=E2=80=AFPM Geraldine Nath wrote: > Andreas: > > > > See below for your question. > > > > *gerri nath* > > Chief Accounting Officer, The Key > > Mobile: 561-879-0132 > > > > [image: TheKey] > > > > *From:* andreas.kozak@thekey.com > *Sent:* Tuesday, February 28, 2023 4:11 PM > *To:* 'Ethan Stein' ; 'Geraldine Nath' geraldine.nath@thekey.com>; 'Timothy Thomas' ; 'Hua Wu' hua.wu@thekey.com>; 'Gabriel La' ; 'Natalie Cahoone' natalie.cahoone@thekey.com>; 'Mitch Belitz' > *Cc:* 'Kate Bohrer' > *Subject:* Amazon Canada - next steps > *Importance:* High > > > > All, > > > > Thank you very much for your time today and the feedback you provided. I > am sensing general agreement to further explore this option, however, > before finalizing anything I would like to follow up on these topics base= d > on our conversation: > > > > - Currently, each Canadian entity uses their own Amazon account with a > credit card. There is not much spend in general, however, spend with = other > suppliers could be consolidated into the Amazon account. > - There is no central AP department that could handle payment for > all Canadian entities. > - Each Canadian entity will need a copy of a spend report. > - Payment should come out of the Canadian JP Morgan account. > > > > *Ethan and Gerri:* With the lack of a central AP organization in Canada, > can (and should) invoices from Amazon Canada be handled and paid by the U= S > AP team using the Canadian JP Morgan account? Would this process add a > significant workload to any team member (i.e. additional intercompany > transactions)? We are currently exploring having the AP system be able > to pay from the Canadian JP morgan account. It is not setup yet. Anotte > is working on that. > > > > Thx, > > > > Andy > > > > > > Andreas Kozak > > Procurement > > > > (631) 400-4409 > > > > [image: TheKey] > > > > https://thekey.com/ > > > --000000000000c2adf705f5cb9cd1 Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable To append to Geri's comments, JPMorgan has shared it&#= 39;s technically feasible to have our US-based AP team pay the invoices fro= m our Canadian JPMorgan accounts via Netsuite, however we need to set up th= e IT/system side of things, plus adjust the team to generate the operationa= l capacity to handle it.=C2=A0 So it could