Leveraging the next-generation technology of its new feature-rich wholesale lockbox platform, Mellon Global Cash Management introduced this past week new image features and enhancements at its lockbox sites in Atlanta, Boston, Chicago, Dallas, Los Angeles, Philadelphia and Pittsburgh.
Mellon GCM’s wholesale lockbox image customers now have access to the latest imaging capabilities with customizable, user-friendly features for faster payment processing, information capture and check and document image retrieval.
“The speed, accuracy and flexibility of this industry-leading application enable us to provide our customers with timely and easy access to both their critical remittance data and images,” said Robert W. Stasik, executive vice president and head of Mellon GCM. “Our new image service also offers customers a wide variety of benefits that center on accelerated cash flow, faster access to a broader array of important business information and increased peace of mind when it comes to receivables processing.”
Mellon’s new wholesale lockbox online archive and browser functionality is designed to enable customers to improve their cash application process by enabling them to have selected images, entire batches or an entire deposit date’s worth of images returned to them through a single action as a PDF.
It also enables customers to reduce the amount of time needed to access images, and enhance their credit review practices by allowing them to locate specific customer payments on the day they are processed, which provides them with faster access to deposit information.