MOSINEE, Wis.--(BUSINESS WIRE)--WAUSAU Financial Systems, a provider of best-in-class financial technology, services and solutions, and recently acquired by Deluxe Corporation, will introduce the next version of Receivables360®, its advanced single platform for handling the entire receivables process across all payment types, at the AFP Annual Conference, Nov. 2-5, in Washington, D.C. The platform, which has been rated “the most comprehensive and advanced receivables solution” by industry analyst CEB TowerGroup in their 2012 report “Receivables Management Systems Technology Analysis,” will be previewed at the conference in booth #401.
Consolidated View of Payments
As payments shift from
paper-based to electronic, banks are struggling to provide corporate
customers a single actionable view of all payments received. According
to a 2010 Aite Group report, “Integrated Receivables Hubs:
Revolutionizing Receivables Processing,” 54 percent of corporations see
an integrated receivables platform as a means of improving their
receivables management. WAUSAU’s Receivables360 offers a single
interface to manage the comprehensive payment demands of corporations
and financial institutions. The solution aggregates payment types from
any source, to automate processing and accelerate cash flow and
insights. As an outcome of integrating receivables, consolidated views,
queries, reports, exceptions and receivables posting files are available
near real-time, ensuring corporations can make more immediate and
informed business decisions.
Revenue-Generating Opportunities
“Our survey of the 100
largest banks in September 2014 showed that 90 percent view receivables
management as the most important treasury management product area to
drive revenue growth,” said Bob Meara, senior analyst in Celent’s
Banking Group. “Furthermore, 92 percent of the largest banks surveyed
view an integrated receivables solution that handles all payment types
as most important among all receivables products to future revenue
growth.”
Flexible Delivery, Security Features
Receivables360, offered
as an in-house, outsourced or hosted solution, works in an agnostic
fashion with existing receivables systems. The hosted delivery model
provides banks with a secure environment and reduces the amount of
resources necessary to launch the new product to their commercial
clients. The solution also delivers new security features including
granular user management and access control.
Deeper Insights, Improved Outcomes
The latest version of
Receivables360 puts the power of data driven insights and management
into the corporate customers’ hands, allowing them to:
- Post payments sooner and reduce the average number of days it takes to collect revenue after a sale has been made.
- Gain insights into current payment trends, such as the total of payments from all sources and the mix from each source, to make critical business decisions.
- Visualize incoming payments from all channels, including paper and electronic.
- Decide and eliminate exceptions from all sources through a common interface to improve processing speed and reconciliation.
- Receive greater visibility through dashboards along with a long-term archive to search for payments and invoices.
- Manage users and entitlements.
“With our latest version of Receivables360, we are extending our market leadership in receivables across all payment types through a powerful new set of features for security, control and transparency into cash flow,” said Gary Cawthorne, CEO, WAUSAU.
Visit WAUSAU’s booth #401 at the AFP Annual Conference to learn more about the new and improved features of the advanced processing hub. For additional information on WAUSAU’s Receivables360, please visit www.wausaufs.com.
About WAUSAU Financial Systems
WAUSAU is part of the Deluxe
Corporation. Partnering with industry-leading financial institutions and
corporations to reduce cost and strengthen their competitive market
position, WAUSAU is recognized for consistently delivering best-of-breed
financial technology, services and solutions that integrate receivables,
accelerate deposits and payments, and eliminate paper. To meet clients’
needs, WAUSAU offers flexible delivery options– whether installed
in-house, outsourced, co-sourced or in the cloud. Because of WAUSAU’s
deep domain knowledge and experience, the company understands customers’
challenges and tailors its solutions and services to ensure they have a
competitive edge. That’s why thousands of companies, including 13 of the
25 largest financial institutions and more than 50 Fortune 500
organizations depend on WAUSAU. Because results matter. For more
information, visit www.wausaufs.com,
www.linkedin.com/company/wausau-financial-systems
or www.twitter.com/WAUSAU_FS.
ABOUT DELUXE CORPORATION
Deluxe is a growth engine for small
businesses and financial institutions. More than 4.5 million small
business customers access Deluxe's wide range of products and services,
including customized checks and forms, as well as website development
and hosting, email marketing, search engine optimization and logo
design. For our 5,500 financial institution customers, Deluxe offers
industry-leading programs in checks, customer acquisition, fraud
prevention and profitability. Deluxe is also a leading provider of
checks and accessories sold directly to consumers. For more information,
visit us at www.deluxe.com,
www.facebook.com/deluxecorp
or www.twitter.com/deluxecorp.
