Company
History
35 Years of Innovation and Customer Success
Since 1974, WAUSAU Financial Systems has become the recognized leader in the development and implementation of distributed point-of-presentment processing solutions to the remittance and check processing industries. We provide transaction-processing applications for companies of every size, including Fortune 500 corporations, financial institutions (ranging from the Top 100 to independent locations) and commercial businesses worldwide. Payment system solutions are the backbone of our company. Strong customer relationships are the reason for our success.
We installed our first check processing system in 1982. Now more than 400 of our 650 user sites operate image-based processing systems. At more than 250 customer sites, users run our industry-leading remittance processing systems. WAUSAU is also a leader in remote deposit capture and enterprise content management solutions for financial institutions, insurance companies, utilities, government agencies, nonprofit organizations and other corporations. Nationally, seven of the top eight lockbox providers use WAUSAU solutions for lockbox/remittance processing.
Recent years have seen especially exciting developments. In April 2008, WAUSAU launched a partnership with ClairMail for mobile payments. In December 2009, we announced Eastern Bank's adoption of our wholesale lockbox outsourcing offering; that same year we formed a key partnership with First Data Remitco for the retail outsourcing offering and partnered with RMS for the healthcare solution offering.
WAUSAU has received major industry awards. We have won the Hyland Diamond Service award and Gold or Platinum status since Hyland began the program in 2003. We have been part of the FinTech Top 100 financial services company four years running. In December 2009, WAUSAU's Paperless Branch won the "Bank News" Best Management Solution Award.
With over 30 years of independent leadership and financial security, WAUSAU Financial Systems is owned by Frontenac Corporation — a blue-chip private equity firm in Chicago, Illinois. Founded in 1971, Frontenac has over $1 billion under management in a broad range of midsized companies in the services and manufacturing sectors.
Headquartered in Mosinee, Wisconsin, our team includes nearly 400 associates throughout the United States, including Omaha; Milwaukee; Albuquerque; Lynn, Massachusetts; and Kirkland, Washington. WAUSAU Financial Systems has more than 650 customer sites processing for more than 10,000 businesses, and more than 30 Fortune 500 customers in our list of users, providing us a broad range of experience with valued small and large clients.