Mosinee, Wis. – June 19, 2008 – WAUSAU Financial Systems, the industry leader in distributed payment processing and receivables processing solutions, and Imaging Business Machines, LLC (IBML), a leading provider of document capture solutions, today announced a new reseller agreement that will extend IBML’s ImageTrac scanner product line to WAUSAU’s receivables processing solutions.
By integrating IBML’s scanner technology into its receivables platforms, WAUSAU customers will be able to further enhance the capture of remittances that enables users to achieve the speed, quality and throughput necessary to remain competitive.
“IBML has developed one of the most innovative series of document capture solutions available on the market today,” said Kathy Strasser, Senior Vice President – Remittance and Enterprise Content Management Solutions for WAUSAU Financial Systems. “By partnering with IBML, WAUSAU continues to further enhance the value and industry-expertise our customers have grown accustomed to. Integrating this solution should demonstrate our continuing commitment to high-volume image capture for non-standard documents across all our receivables solutions. WAUSAU and IBML provide capture accuracy and document processing intelligence to accelerate the conversion of paper to electronic information.”
"Wausau and IBML have a strong track record in payment focused solutions that we will continue to build upon together. Our mutual and new customers should benefit from our closely integrated solutions that will drive even more value to their operations,” said Robert Sbrissa, Executive Vice President - Worldwide Sales and Marketing for IBML. “This is particularly valuable at a time when most customers struggle to find additional efficiency and value from their solution providers. IBML and Wausau will play a crucial role in delivering these benefits."
WAUSAU’s receivables solutions offer the most comprehensive receivable solution that is flexible and scalable for our customers. WAUSAU’s U.S. market share volume is nearly 50% with over three and a half billion annual payments processed on the ImageRPS and integraPAY® applications in varying industries from corporate and financial services companies to financial institutions and third-party lockboxes. In addition, WAUSAU is the technology leader in electronic clearing and mobile payments integration for receivables processing.
Imaging Business Machines provides intelligent scanning technology for the most demanding document imaging applications, including mixed documents of different weights, sizes and compositions. The company's ImageTrac Scanning Platform consists of the ImageTrac scanners, SoftTrac user interface software with DocNetics and professional services. ImageTrac scanners offer front and rear color image capture, multiple image outputs, barcode, 2D barcode, ICR, MICR and multiple sort pockets. Every day, hundreds of ImageTracs capture millions of color and bi-tonal images for our customers in 34 countries. Visit www.ibml.com for more information.
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 www.wausaufs.com.