Version 7.12 Offers Reduced Labor Costs of up to 40%
Billerica, MA - July 6, 2009 — Orbograph Ltd., a leading provider of image-based recognition solutions and supplier of business process outsourcing technologies, announced today that WAUSAU Financial Systems has certified Orbograph’s Enterprise Recognition Software, Version 7.12, with their remittance processing solution, ImageRPS™. The new certification blends a variety of technologies, consisting of best-of-breed check recognition engines and patented Key-Pay® technologies, to deliver read rates approaching 98%.
ImageRPS customers can further leverage their investment in image-based processing by virtually eliminating amount entry within the remittance workflow. Depending on how the client chooses to implement the technologies available in Version 7.12, labor cost savings could approach 30 – 40% (site specific).
Currently, Orbograph customers utilizing the Key-Pay® infrastructure process more than 2.5 Billion items annually from over 100 processing sites nationwide.
“With today’s evolving payment processing landscape, remittance processors and lockbox providers need to continually evaluate workflow efficiencies through improvement methodologies,” states Kathy Strasser, Senior Vice President, Product Management and Sales Support of WAUSAU Financial Systems. “For over 12 years, WAUSAU Financial Systems has partnered with Orbograph to provide customers with solutions that power efficiency and maximize funds availability. The integration of Version 7.12 with Key-Pay® Technology speaks to this tradition and helps our clients to meet their evolving objectives.”
“Last year, WAUSAU Financial Systems adopted the Key-Pay® Technology with their check imaging and archive solution, Optima3®,” states Roni Boker, Orbograph Key-Pay® Product Manager. “We are pleased to now offer this blended solution as part of the ImageRPS solution, providing remittance customers the opportunity to attain higher levels of performance with reduced labor costs.”
About Orbograph
Orbograph Ltd. is a leading developer of recognition solutions for the U.S. check processing and business process outsourcing markets. Orbograph’s technologies are in use at hundreds of banks, financial institutions and service bureaus across North America, processing millions of documents each day. Through its automation and recognition solutions, fraud detection, business process outsourcing technologies and image quality assurance applications, Orbograph enables customers to reduce costs, improve operational efficiencies and achieve rapid ROI.
About WAUSAU Financial Systems
WAUSAU Financial Systems (WFS) is a premier provider of payment and receivables processing solutions, serving businesses of all types to develop strategies that move money faster. With its products, services and consulting, WFS works with customers to speed check processing, electronic presentment, ACH payments, transaction processing, distributed capture and enterprise content management. WFS’ innovative solutions provide results for a wide range of organizations, including financial institutions, insurance companies, utilities, retail businesses and governmental agencies. For more information, visit www.wausaufs.com.