Press Releases
Mellon Global Cash Management and SourceNet Solutions to Host Free Cyberconference on Purchasing Process Efficiency and Controls
PITTSBURGH, October 17, 2005 — A free cyberconference on "Improving Purchasing Process Efficiency and Controls: A Training Camp for Program Administrators" will be presented by Mellon Global Cash Management (GCM) and SourceNet Solutions, a Mellon Financial company, on Wednesday, October 19 from 2-3 p.m. EDT. Registration for the event can be done online at www.mellon.com/insight05 or by calling 1 800 424-3004.
In this session, Mellon's purchasing card product experts will demonstrate how using the most advanced card service controls, processing, online and interactive account management and reporting options may assist companies throughout all phases of implementation and deployment, while enabling them to reduce administrative costs, improve tracking and strengthen management controls. In addition, representatives from SourceNet Solutions, Mellon's finance and accounting business process outsourcing arm, will discuss ways that companies may be able to improve their overall purchasing program administration and enable their organization to work better, faster and at a lower cost.
Other upcoming cyberconferences to be hosted by Mellon GCM include:
- "Understanding NACHA's Rule Changes: A Look at New ACH Initiatives and Applications on the Horizon" on Wednesday, October 26 from 2-3 p.m. EDT. In this presentation, Mellon's automated clearing house (ACH) experts will review NACHA — the Electronic Payments Association's most recent rule changes and discuss best practices to deter rules violations. In addition, new initiatives that may help companies realize the benefits of converting more paper payments to electronics also will be reviewed.
- "Questions Every Treasury Department Should Ask in 2006" on Wednesday, November 16 from 2-3 p.m. EST. In this insightful presentation, a panel of Mellon GCM product line representatives will outline the industry issues facing corporate treasury professionals as a new year approaches, as well as review key questions that companies can ask themselves to assist them in their efforts to develop beneficial action plans for 2006.
Mellon Global Cash Management, a payments industry leader synonymous with quality performance and known for its innovation and expertise, designs comprehensive solutions through its broad line of cash management services to meet the specialized treasury needs of corporations, nonprofit organizations and financial institutions. Recently, an independently-administered customer satisfaction survey revealed that Mellon GCM continues to distinguish itself from its competition in the areas of operating quality, commitment to cash management and customer service. In addition, Mellon GCM was one of only two providers to achieve an A+ average for product performance in the 2004 Phoenix-Hecht® Quality IndexTM of 33 major cash management providers. Throughout 2005, Mellon GCM is celebrating its 50th anniversary in remittance processing. In addition, Mellon GCM is the only electronic payments services provider in the U.S. to successfully complete both a Level 3 Capability Maturity Model® (CMM®) assessment for its software engineering practices and attain ISO 9001:2000 Registration. More information on Mellon GCM is available at www.mellon.com/gcm.
SourceNet Solutions, Inc., one of the country's leading providers of finance and accounting business process outsourcing services, is a market leader in accounts payable outsourcing and has consistently demonstrated the ability to help companies reduce their direct operating costs by as much as 40 percent and achieve continuous process improvement. Additional information on the business is available at www.sourcenetsolutions.com.
Mellon Financial Corporation is a global financial services company. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing institutional asset management, mutual funds, private wealth management, asset servicing, payment solutions and investor services, and treasury services. Mellon has approximately $4.2 trillion in assets under management, administration or custody, including