Thursday, September 11, 2008

Source Net Solutions No. 1 APOV for III Consecutive Year: Brown Wilson group

According to the list compiled by the Brown-Wilson Group, authors of The Black Book of Outsourcing. Source Net Solutions ranked No. 1 among the Accounts Payable (AP) outsourcing vendors for the third consecutive year on the 2008 Top 50 Best Managed Global Outsourcing Vendors.

On this occasion, Leon Busch, the president and Chief Executive Officer of Source Net Solutions said, "Receiving this recognition for the third consecutive year underscores the extent to which we've institutionalized our commitment to out performance in support of our clients, enabling them to focus on building new revenue streams while reducing corporate risk,"

Source Net Solutions is a division of The Bank of New York Mellon's Treasury Services group which secured first overall rank, by beating all vendors surveyed in 11 different categories, which included support and customer care; trust; best-of-breed technology and process improvement; reliability; customization; and deployment and outsourcing implementation.

The Brown-Wilson Group analyzed more than 24,000 validated responses from outsourcing users globally and investigated more than 700 functions and 40 sectors to determine "best fit" vendors within multiple industry specifications. The 2008 listing is based upon 18 operational excellence key performance indicators completely from the perspective of the client experience.

The Bank of New York Mellon Corporation is a leading provider of financial services for institutions, corporations and high net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It is a global financial services company which at present has more than $23 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $12 trillion in outstanding debt. focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets.