WAUSAU Introduces ReceivableWorks – Integrated Receivables Hub
WAUSAU Financial Systems has announced the launch of ReceivableWorks™, an integrated receivables hub that handles all forms of payment on a single platform. According to the company, “the receivables hub is based on WAUSAU’s remittance platform that currently manages nearly 40 percent of the entire remittance market. ReceivableWorks™ is designed to simplify a corporation’s overall payments architecture by reducing capture time, improving the handling of exception items and monitoring workflow in real time, all while automating, aggregating and accelerating the entire receivables cycle.”
“This solution is another proof point to how WAUSAU Financial Systems is working to aggregate, automate and accelerate the entire receivables process,” said Kathy Strasser, executive vice president of Solution Management. “In fact, ReceivableWorks™ gives financial institutions an advantage over their competitors and empowers them as consultative partners to their corporate customers.”
“By automating the critical aspects of receivables processing from clearing, posting, collecting and archiving now financial institutions have the ability to process more efficiently and effectively while growing deposits and entering into lush vertical markets such as property management and healthcare,” continued Strasser. “We’re committed to delivering a full cycle of payments integration and will continue to expand our capabilities via new developments and strategic partnerships such as our recent agreement with Striata for electronic bill presentment and payment.”
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