Key enhancement will result from collaboration with Top Image Systems (TIS) on the use of TIS's iRemit cloud-based remittance solution to power enhanced archiving, retrieval and reporting services for receivables clients
Enhancements will combine the user-friendly functionality, scalability, and robust performance characteristics of iRemit with BNY Mellon's expertise across multiple payment channels
NEW YORK and PLANO, Texas, Oct. 27, 2015 (GLOBE NEWSWIRE) -- BNY Mellon, a global leader in investment management and investment services, today announced that it is embarking on a major upgrade to the receivables solutions provided by BNY Mellon's Treasury Services business. As part of this upgrade, BNY Mellon will collaborate with Top Image Systems (TIS) (NASDAQ:TISA), a global leader in Enterprise Content Management (ECM) solutions, on the deployment of TIS's iRemit cloud-based remittance solution to power BNY Mellon's delivery of enhanced archival, retrieval and reporting services to receivables clients.
Leveraging the user-friendly functionality, scalability and robust performance characteristics of iRemit will enable BNY Mellon to significantly enhance its delivery of archiving, retrieval and reporting services to corporate clients and other institutions that rely on BNY Mellon for receivables services, as well as client banks that rely on BNY Mellon for white label receivables solutions.
"We've been providing, for more than 14 years, secure and scalable archival retrieval and reporting platforms that help end users capture, organize, store, protect and manage a wide range of documents. Integrating our platform into BNY Mellon's receivables offerings is going to add an exciting new dimension to the service BNY Mellon provides to its clients. We look forward to our collaboration with BNY Mellon Treasury Services on this important project," said Bob Fresneda, President of TIS Americas.
"Our receivables services are an important part of our supply chain solutions," said Paul Simons, managing director and head of the Supply Chain Product Management Group for BNY Mellon's Treasury Services business. "One of the key benefits we can deliver to clients is our ability to consolidate payment flows and remittance information across the full array of payment channels, electronic as well as paper-based. Our collaboration with TIS is going to add new and exciting dimensions to our ability to provide insights and analytics on receivables quickly, efficiently and on a fully integrated basis. It's another example of strategic commitment to excellence as a provider of supply chain services."
Notes to editors
With locations on six continents and an extensive global network of correspondent financial institutions, BNY Mellon's Treasury Services group delivers high-quality performance in global payments, trade services and cash management. It helps clients optimise cash flow, manage liquidity and make payments more efficiently around the world in more than 100 countries. Processing payment transactions in over 120 currencies, the company is a top-five participant in both the CHIPS and overall funds transfer markets. The company is also a recognised leader in the delivery of private-label treasury services solutions for banks and other large institutional clients.
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2015, BNY Mellon had $28.5 trillion in assets under custody and/or administration, and $1.6 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE:BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.
Top Image Systems™ (TIS™) Ltd. is a leading innovator of enterprise solutions for capturing and validating structured and unstructured content entering organizations from various sources and managing content-driven business processes. Whether originating from mobile, electronic, paper or other sources, TIS solutions automatically capture, process and deliver content across enterprise applications. TIS’ flagship eFLOW platform and diverse business process and mobile image processing solutions are marketed in more than 40 countries through a multi-tier network of distributors, system integrators, value-added resellers and strategic partners. Visit the company's website at http://www.TopImageSystems.com for more information.