SourceNet Solutions Ranked No. 1 Accounts Payable Outsourcing Vendor for Second Straight Year

PRNewswire
COLLEGE STATION, Texas
(NYSE:BK)
Dec 18, 2007

COLLEGE STATION, Texas, December 18, 2007 — SourceNet Solutions, a division of The Bank of New York Mellon's Treasury Services Group, today announced that it has been ranked the No. 1 accounts payable (AP) outsourcing vendor on the 2007 Top 50 Best Managed Global Outsourcing Vendors list compiled by the Brown-Wilson Group, authors of The Black Book of Outsourcing.

Ranked the No. 1 AP outsourcing vendor for the second consecutive year, SourceNet received No. 1 rankings in ten separate categories, including support & customer care; trust; innovation; best of breed technology & process improvement; customization; and breadth of offerings, client types, & delivery excellence.

"As these survey results indicate, our solutions are enabling our clients to enhance their internal controls and automate their processes while improving efficiencies and reducing costs," said SourceNet Solutions president and chief executive officer Leon Busch.

In compiling the 2007 Top 50 Best Managed Global Outsourcing Vendors list, the Brown-Wilson Group analyzed more than 21,000 validated responses from outsourcing users and decision makers globally, evaluating more than 4,500 global outsourcing vendors. The 2007 listing is based upon 18 operational excellence and client satisfaction criteria. A summary of SourceNet's top scores is available at SourceNet's Web site: http://www.sourcenetsolutions.com/.

For more than a decade, SourceNet Solutions' AP outsourcing services have helped companies lower their direct operating costs while strengthening their working capital management and risk mitigation processes and practices. Based in College Station, Texas, SourceNet is also a provider of payroll management and utility bill analysis services.

The Bank of New York Mellon Corporation is a global financial services company focused on helping clients manage and service their financial assets, operating in 34 countries and serving more than 100 markets. The company 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 has more than $20 trillion in assets under custody and administration, more than $1.1 trillion in assets under management and services $11 trillion in outstanding debt. Additional information is available at bnymellon.com.