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Wausau Financial Systems Delivers New Paperless Treasury Solution for Financial Institutions [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) Wausau Financial Systems announced the introduction of its Paperless Treasury solution, which transforms the customer's treasury management experience, at the Association of Financial Professionals (AFP). According to a release, Treasury management has traditionally been one of the most paper-intensive processes in any bank. That paper generation has started from the very first customer and sales interactions. In the past when dealing with new customers, Treasury sales staff would need to prepare, print and carry all the documents they might potentially need to close deals to their customer or prospects' offices. This was not only time consuming, but also wasteful, as some of these documents typically would go unused. Now with Wausau's Paperless Treasury solution, business can be closed on an iPad, eliminating wasted time, printing and paper- pushing. Treasury sales executives can carry all of the paperwork they need electronically on the iPad to initiate orders and conduct the signing process at the customer's office. With e-Signature technology, the Wausau application captures a secure bio-metric signature and can automatically apply it to all relevant documents. The signed documents then can be transmitted wirelessly back to the bank's office for processing. Built-in workflow management distributes the document, and processing can begin before the sales representative even steps back into their office. This new approach expedites customer on-boarding and order initiation, completing in four hours or less the tasks for which paper-reliant processes require two to four days. The offering also reduces costs, increases customer satisfaction and provides financial institutions an environmentally healthy answer to treasury needs. Combined with Wausau's paperless branch offering and packaged as Paperless Bank, Paperless Treasury eliminates cumbersome paper trails and mitigates risks by capturing treasury documents through electronic means and automatically routing them to operational department personnel. This removes filing, scanning and document- management issues from the process, allowing for more face time with customers and prospects and providing greater opportunities to drive business. Wausau Financial Systems is a provider of payment and receivables processing solutions, helping businesses of all types move money. ((Comments on this story may be sent to [email protected])) (c) 2011 ProQuest Information and Learning Company; All Rights Reserved. |