Benefits
Remittance Processing
Receivables Management for Corporations
Reducing costs requires optimization. We make it happen.
WAUSAU Financial Systems' receivables products for corporations focus on cost savings for organizations, such as insurance, utilities, government (city, county and state), transportation, nonprofits and retailers. Savings come through multiple channels: reducing or eliminating courier costs of transporting paper checks to financial institutions; reducing and better utilizing FTEs; improving customer service; increasing daily investable cash; and streamlining workflow.
Streamlined operations
Whether you're collecting taxes, filling customer orders, accepting donations or receiving payments, you'll speed and smooth remittance by taking advantage of Accounts Receivable Conversion (ARC). Digital imaging significantly improves customer-service response time, allowing efficient resource allocation throughout the organization. Results include fewer FTEs, improved workflow, reduced courier costs, improved accessibility to check and coupon images and improved customer correspondence. And reduced error rates, decreased processing time, and even lower product costs can all come from remittance streamlining.
Lower costs and shorter float times
ARC lowers transaction fees per item processed. Speed of posting means reduced float time and faster funds availability. More advantageous banking fees, fewer FTEs, less overtime, reduced (or even eliminated) courier runs to transport paper — all of these improvements mean daily real-world savings. Daily investable cash goes up too, and businesses seeking to time deposits for the highest interest can make more logical decisions throughout the day.
Improved customer service and research
Improving customer service has never been more important. (In some remittance-oriented industries, it's even a top reason for a new payments platform.) Meanwhile, good customer research enables growth and cross-selling. WAUSAU products' imaging capabilities speed customer-service response times. Front and back images from customer checks end dependence on a financial institution for research. Records are instantly available, at any point in the chain, for lower-stress dispute resolution and clear correspondence. Whether you're processing taxes or donations, taking utility or insurance payments or accepting payments for products and services, smooth remittance satisfies and even delights customers.