Each year the number of paper checks is shrinking, while electronic payments continue to grow. As the market leader in remittance and distributed payments processing, WAUSAU Financial Systems is committed to providing innovative payment processing solutions for a wide variety of clients in an ever-changing payments landscape. Now more than ever, there is a great need for insurers to strive to leverage new technologies to improve efficiency and provide increased service levels to customers.

More and more insurers are recognizing the benefits offered by electronic payments capture and clearing solutions – reduced collection times, lower operating costs and increased control over where deposits are made. This evolution is being driven by brokerages and consumer/agent-driven insurance companies. These operations typically have a large footprint of locations (with thousands of agents), numerous depository accounts, and opportunities for agents to collect more than premium payments. Though not every legacy remittance system needs a complete overhaul, the reality for insurers is that all remittance operations at least must support electronic capture and clearing alternatives if the organization expects to remain efficient, effective and competitive.

Ending the Paper Chase: An Insurer’s Guide to Electronic Payments Capture and Clearing.

This innovative white paper offers a wealth of information on where the insurance industry is headed, in terms of paper processing, as well as the benefits of Remote Deposit Capture and Electronic Clearing methods (including ARC, Check21, BOC and Image Exchange).

Ending the Paper Chase represents WAUSAU Financial Systems’ thoughtful perspective on reinventing financial solutions for insurance payment processing, and serves as a valuable tool as your organization looks to end the paper chase.

To request this great resource on payment processing for the insurance industry - simply complete the form below and click submit.

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