The Pittsburgh-based financial service provider says its solution 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 will combine Mellon GCM’s receivables expertise with the web-based financial transaction workflow management tool of SourceNet Solutions, Mellon’s finance and accounting services business.
Gregory Cicero, senior vice president and director of Mellon GCM, said, 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.
