Expense Management Solutions

ACCOUNTS PAYABLE PROCESSING

Diagnosis

Meeting your obligations in a timely and accurate manner is critical for good vendor relationships, improved discounts, and reduced duplicate payments.

The Bank of New York Mellon Rx

Controlled Disbursement services provide early identification of checks that will post to your account(s) today, so that you can fund your accounts for only that amount.

Add Positive Pay and Positive Payee to systemically detect potential alterations to check data or fraudulent items.

Outsource some/all of your AP function to SourceNet Solutions, The Bank of New York Mellon Treasury Services' finance and accounting outsourcing experts.

Use Corporate Card to manage travel and incidental expenses.

Our Trading Partner Enablement process converts paper checks into electronic payments such as ACH, EDI and Corporate Card.

Prognosis

• Improve payment timing
• Protect against fraud
• Strengthen controls
• Minimize excess checking balances to maximize investment opportunities
• Reduce direct operating expenses via AP outsourcing; clients have seen cost reductions of up to 55 percent