Benefits
Risk Monitoring
One of the most important features of WAUSAU’s Deposit 24/7 Suite is the inclusion of risk monitoring functionality, which allows financial institutions and their clients to safely enjoy the benefits of RDC while complying with the FFIEC Guidelines.
As a financial institution, you need to assess the risks and have a solution in place to address them. As RDC mainstreams, institutions need to be prepared with tools and strategies for managing the potential risk introduced by new capture channels. Internal procedures alone won’t scale and won’t be able to handle the increased volume that will come from small business and consumer RDC. Automated monitoring will be essential for financial institutions to control the risks of mass-market RDC adoption and offer assurance that standards are being met.
WAUSAU’s risk monitoring module includes components such as duplicate detection, velocity and dollar limits and image analytics and allows institutions and their risk management teams to better monitor and control risks associated with RDC. One of the key features of WAUSAU’s risk monitoring module allows for rule-based flags. If any items coming into the system fit a designated rule, a flag will be assigned to that item or transaction. Once the item has been flagged, it can be personally reviewed and a decision can be made as to whether to move forward with the transaction before the items are presented into the clearing channels.
The module also provides specific contact information about who captured that item and the risk rating associated with that location. Risk ratings can be setup specific to each location that is capturing and transmitting items via RDC. The application can prioritize and organize transactions by the rating associated with that location.
Top ratings from Celent and Aite Group
As attested by wide industry praise, our solution is leading the way to the RDC future. Our Remote Deposit Capture (RDC) solution suite was named best in class by Aite Group in 2008 and cited best of breed by Celent in 2006. To date, these are the only two detailed analyses to be conducted on Remote Capture vendors, and WAUSAU scored high with both.
Ease of use
The RDC solution from WAUSAU empowers your customers while saving cost and effort for you, thanks to:
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Intuitive and friendly interfaces
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Installation wizards
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Web-based training
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Scanner deployment and maintenance, to ensure your customers have the tools they need — when they need them — without having to depend on you
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Integration to popular accounting packages like QuickBooks
Comprehensive Web-based training
Although WAUSAU introduced its Web-based training years ago, the functionality of this feature continues to remain unique when compared to other RDC applications. From short videos on changing scanner cartridges and setting configurations to integrated tools to validate that corporate PC configuration meets minimum requirements of the RDC solution and scanner, the training tools continue to draw raves from both analysts and customers. Support is simple because customers and members can now help themselves.
Integration to QuickBooks and other accounting packages
WAUSAU has integrated directly to the QuickBooks® and other popular accounting packages to allow a business to create their deposit and update QuickBooks® all within our RDC solution, reducing the number of steps required to update their account receivables.
Strategic, vertical-specific capabilities
Rejecting a one-size-fits-all approach, our tailored solutions allow you to take a consultative approach with your key market verticals, building a partnership with your customer that will outlast competitive threats. Our solution is tailored to the needs of specific industries, such as property management, allowing you to become more than just your customer’s “bank.”
Scanner deployment service
At WAUSAU Financial Systems, we’ve deployed more than 25,000 scanners, but our program is much more than just scanner deployment. We offer you a comprehensive, integrated and customizable solution equipped to manage all of your Remote Capture needs. Driven by a knowledgeable team of experts in WAUSAU’s Inside Sales department, our Scanner Deployment Service will provide you with dependable, consistent service and support you can rely on.
Full deposit and remittance payment functionality
In addition to making deposits smooth and fast, our advanced functionality goes beyond deposit automation to capture remittance payments as well. Integrating directly with a company’s remittance systems, the functionality can work with a back-end remittance system or stand alone to process payments within the Web client.
Comprehensive Marketing Support WAUSAU’s Deposit 24/7 includes exclusive access to a RDC Web portal that provides ample marketing resources to assist financial institutions in successfully marketing and selling RDC to their end-customers, including downloadable sell sheets, case studies, customizable website marketing videos and interactive demonstrations that can be used during sales meetings.
