17 January 2018
visit www.avoka.com

Mellon GCM introduces online cash management service

27 January 2006  |  1353 views  |  0 Source: Mellon Global Cash Management

Mellon Global Cash Management (GCM) has introduced an interactive, Web-based cash application exception management service as part of its Wholesale Lockbox solution.

It is designed to categorize and prioritize accounts receivable (AR) exception items; provide a faster, more efficient, economical and information-rich way to process receivables; and accelerate cash application of large-dollar transactions. The new solution combines Mellon GCM's receivables expertise with the Web-based, financial transaction workflow management tool of SourceNet Solutions, Mellon's finance and accounting services business.

"This unique product provides customers with access to innovative cash application exception management processing capabilities and efficiencies that were previously unavailable with traditional automated wholesale lockbox services," said Gregory J. Cicero, senior vice president and director of Mellon GCM.

For years, SourceNet has been using Internet technology to help its customers streamline their payables process by allowing them to track payments, make decisions about questionable items, create reports and audit trails. "As our businesses collaborated, we realized that we could expand the capabilities of SourceNet's system to address those issues," Cicero added. "Just as SourceNet customers have been very satisfied with how Web-based technology has allowed them to improve their operations, we are confident Mellon GCM customers will have the same experience once they better understand the ease of use and measurable results an Internet-based cash application exception management service can offer."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nlvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
Buffett rubbishes cryptocurrencies; South Korea preps exchange crackdownBuffett rubbishes cryptocurrencies; South...
11283 views comments | 15 tweets | 17 linkedin
BNP Paribas Asset Management completes fund transaction blockchain testBNP Paribas Asset Management completes fun...
9925 views comments | 14 tweets | 33 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
9114 views comments | 17 tweets | 18 linkedin
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
8820 views comments | 30 tweets | 34 linkedin
Exchanges call for global fintech standardsExchanges call for global fintech standard...
8813 views comments | 17 tweets | 13 linkedin

Featured job

Competitive base + commission (double OTE)
London, UK

Find your next job