Outsourcing
Why WAUSAU for Outsourced Lockbox
Nobody else in the industry offers this kind of flexible outsourcing.
The WAUSAU solution provides clients access to all critical components of receivables processing — Integrated Receivables Hub improving revenue cycle time, enhancing customer analytics and increasing deposit-gathering capabilities, all while reducing operating costs, capital investments and maintenance.
WAUSAU continues to lead
We have the experience and the market leadership to offer multiple ways of bringing costs down through outsourcing.
- #1 market position for both retail and wholesale lockbox with ImageRPS and IntegraPAY solutions.
- Over 40% of all annual transactions processed.
- Continued leadership in converting paper to electronic payments (ARC).
- Annually updated, providing best-in-class technology to adapt to the changing payments landscape.
Major partnerships
We have strong and developing relationships with best-in-class partners to eliminate geographic limitations and fill out a nationwide network of processing centers.
- Ongoing partnership with First Data’s REMITCO, operating hub facilities in multiple cities for a significant retail lockbox processing operation.
- A new wholesale lockbox operation in the Boston market, expanding services and capabilities to better serve clients.
- Our newest clients converted to the outsourcing platform: Eastern Bank — with $10 billion in assets and 83 branches, based in Lynn, Mass — and another institution with $20 billion in assets.
- An expanding network of more than 30 satellite sites to extend capture capabilities.
- Access within 150 miles to 80% of the U.S. population.
Ultimate flexibility
Our solutions can be provided insourced, outsourced or co-sourced, depending on the need, utilizing WAUSAU’s best-in-class software.
- Financial institutions and corporations of all sizes enabled to offer services that they could not support if a large capital investment were required.
- Multiple Centralized Processing Centers of long-time strategic partner First Data/REMITCO (FDC) — widely recognized as a leading provider of payment processing services built around best practices — for outsourced remittance processing.
- Unique positioning to provide in-house and outsourced solutions and services while enabling financial institutions, insurance companies, utilities, medical companies and other corporations to better serve their end customers.