MOSINEE, Wis., April 8, 2008 /PRNewswire/ — WAUSAU Financial Systems, the industry leader in distributed payment and document processing solutions, today announced that in a recent vendor evaluation conducted by research firm Aite Group, WAUSAU’s Remote Corporate Capture solution was awarded Best Overall Solution for Large and Mid-Sized Banks, and also ranked best-in-class for Most Advanced Integrated Remittance and Deposit Capabilities and Training Tools.
“WebDDL(R) was designed to go beyond just deposit automation and performs as a complete accounts receivable solution with the ability to capture both deposits and remittance payments,” said Christine Barry, Aite Group Research Director for Wholesale Banking, in the report. “It has remittance processing capabilities for both retail and wholesale markets. Its features, coupled with the solution’s advanced remittance capabilities, serve as a real differentiator for WAUSAU, and have positioned the solution a step ahead of its competitors who are just starting to add basic remittance capabilities.”
“Another example of WAUSAU’s use of innovation as a way to place itself ahead of many of its competitors is in the area of online training,” Barry continued. “WebDDL(R) is very easy to use. Users have described it as ‘intuitive on both the administrative and customer sides’ and ‘user training has been a painless process.’ While all vendors have been focusing a great deal of attention on providing their bank customers and end-users with proper training and sales tools, WAUSAU’s solution is in a league of its own when it comes to online training capabilities. While other vendors claim to offer online training, WAUSAU is the only vendor to offer a high level of training from within its application.”
Aite Group’s independent, industry-leading report is based on the offerings of 12 leading remote deposit capture vendors. Its results extend WAUSAU’s recognized position as the RDC leader in the industry. WAUSAU was previously named “best of breed” among Remote Deposit Capture solutions reviewed by Boston-based Celent in the respected analyst firm’s Remote Deposit Capture Vendors: Crossing the Chasm report. Based on its advanced technology and breadth of features categories, WAUSAU was designated the overall performance leader.
“To be recognized as best-in-class in multiple categories by Aite Group is a confirmation of our continued leadership in the remote deposit capture space,” said Steve Buchberger, Senior Vice President, Solution Management for WAUSAU. “We are very pleased to have been awarded these accolades. It is a testament to WAUSAU’s ongoing commitment to provide the leading RDC solution, which enables our customers and partners to stand out in an increasingly crowded marketplace.”
To access a summary of the Aite report and the WAUSAU excerpt, please visit http://www.wausaufs.com/. For more information on how to purchase the complete report, please visit http://www.aitegroup.com/.
About WAUSAU Financial Systems
WAUSAU is a premier provider of payment and remittance processing solutions, serving businesses of all types to develop strategies that move money faster. With its products, services and consulting, WAUSAU works with customers to speed check processing, electronic presentment, ACH payments, transaction processing, distributed capture and enterprise content management.
WAUSAU’s innovative solutions provide results for a wide range of organizations including financial institutions, insurance companies, utilities, retail businesses and governmental agencies. Find more information about WAUSAU at http://www.wausaufs.com/.
Contact Information:
Alex Vagelatos
for WAUSAU Financial Systems
(414) 319-5700
alexvagelatos@zizzogroup.com
First Call Analyst:
FCMN Contact:
Source: WAUSAU Financial Systems
CONTACT: Alex Vagelatos, +1-414-319-5700, alexvagelatos@zizzogroup.com,
for WAUSAU Financial Systems
Web site: http://www.wausaufs.com/
http://www.aitegroup.com/
