October 27 , 2015

BNY Mellon embarks on major upgrade to receivables services

New York, NY and Plano, TX-- 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."