Mellon Adds Contracts Management Tool to Vendor Program

PITTSBURGH—Mellon Financial Services has introduced a contracts management solution to further strengthen its vendor management, a process the bank has institutionalized in the past couple of years to more effectively manage relationships with data vendors, officials tell Inside Reference Data.

Mellon has selected Contraxx, developed by software vendor Ecteon, for its contracts application, with Ecteon partnering with contracts management company Techman Solutions to deliver the solution.

The

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