October 22, 2012 – Salt Lake City, UT and Billerica, MA – FLEX, the newest and most architecturally advanced core solution for credit unions, along with Orbograph, a leading supplier of recognition solutions for the U.S. check processing market as well as paper and electronic payment solutions for healthcare revenue cycle management (RCM), today announced that the JAVA-based FLEXTeller Check21 image capture system is now integrated with Orbograph’s check recognition solutions. Orbograph was selected as the vendor of choice for courtesy amount recognition and legal amount recognition (CAR/LAR) as an integrated and embedded component to the FLEX teller platform.
As financial institutions continue to adopt image capture at the teller line, many purchase a separate module from a non core provider which is implemented through integration with the teller system. By implementing a natively developed solution within the FLEX platform, FLEX is able to deliver an unprecedented level of interoperability between the images, account history and teller application. This provides streamlined teller operations, customer service benefits, archival standardization as well as superior software usability.
Orbograph’s recognition solutions are implemented in a wide range of financial institutions including large financial institutions. FLEX will have the option to expand into new features which add value to the workflow.
“FLEX is pleased to be working with a leader who is not only field proven, but performance focused,” stated Jim Simonsen, Vice President Information Technology at FLEX. “The ability for FLEX to leverage technologies and standards which have been implemented successfully at the large bank level should add tremendous value for our customers at a cost-effective level.”
“We are excited to be a part of the FLEX Check21 solution to the credit union marketplace,” stated Barry Cohen, Co-President for Orbograph. “They have a very unique and efficient method in which they have embedded our software into their JAVA-based platform. It’s going to be a winner for their customers from a reliability and efficiency standpoint.”
FLEX (www.cmcflex.com) is the newest and most architecturally advanced core solution available for today's credit unions. Whether your credit union prefers on-line or in-house, FLEX leverages embedded virtual server technology reducing system complexity and IT resources to less than half that of today's industry standards. Uniquely written in JAVA™, the FLEX user interface is seat-license free and offers the most modern and intuitively feature-rich solution available.
Orbograph (www.orbograph.com), a subsidiary of Orbotech, is a premier provider of recognition-centric services and software for check processing in the financial industry and end-to-end electronic solutions in healthcare revenue cycle management (RCM). Orbograph technologies are in use in over 1,000 financial institutions, service bureaus and billers processing billions of checks and claims annually. Orbograph solutions are utilized by 20 of the top 30 U.S. financial institutions with in-house check processing. In healthcare payments, Orbograph P2Post™ and Orbograph E2Post™ utilize innovative EOB conversion technologies to automate posting of receivables into practice management systems. Orbograph enables clients to envision more for their organization by reducing costs and managing risk while ensuring that achieving more is a reality.
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NOTE: Actual performance may vary according to hardware used, configuration or other factors within your processing environment. Statistics cited in this release do not constitute guarantees of performance. For more information, visit us online at www.orbograph.com.