RightSOURCE Works™

For many companies, check volumes are declining each year and labor costs are increasing, resulting in increasing unit costs. You may also have hardware that is outdated and software that lacks features and functionality desired in today’s processing environment; i.e., ARC, Check 21, and others. Other factors you may face include employee retention and controlling training costs associated with employee turnover.

Does your current system leverage the advances in technology; automated data entry, forms processing, remote capture or long-term archive?

In this environment, creating a business case (ROI) to justify a large capital expense to upgrade your in-house system is very difficult.

Is outsourcing a possible solution? Many companies facing similar situations are outsourcing their remittance processing.

RightSOURCE Works™ provides your company the flexibility and cost savings needed to help you stay focused on your growing your business. With little or no capital investment, you can convert to RightSOURCE Works™ with the solid functionality of WAUSAU Financial Systems’ remittance solutions. RightSOURCE Works™ provides a “near-shore” alternative to outsourcing your remittance processing. Plus you will be accessing the most current software and system features not available to your company today:

• Automated Forms Recognition
• ARC
• Check 21 Image Cash Letter Presentment
• Web-based Long Term Archive

RightSOURCE Works™ also provides online access to daily transactions, providing fast response to research inquiries. With RightSOURCE Works™ you can also experience the ease and speed of adding other services: BOC, Remote Corporate Capture, Branch Capture, EBPP and others.

This new service positions your company for the future with new features and functionality added to the system without any additional infrastructure investments on your part. Future services may include: electronic payments, electronic invoice presentment, receivables matching and more.

RightSOURCE Works™ Functionality

RightSOURCE Works™ provides a single system that processes all types of paper payments: retail (C2B), wholesale (B2B) and wholetail (a B2B transaction that has a stub or coupon similar to C2B transactions). The system will provide you an extract to update your client accounts receivable system. There will be an intra-day collection option for items processed daily, getting monies into your account faster. Items can be cleared electronically via ARC or Image Exchange, plus you will earn interest paid on funds on-hand and used as part of billing analysis.

RightSOURCE Works™ is a processing solution designed to accommodate your unique needs.

RightSOURCE Works™ Advantages

With RightSOURCE Works™ you may realize a savings in staffing levels or a redeployment of existing staff. No longer will you need to staff-up for peak processing days. The solution minimizes in-house keying through automated forms and data recognition. Automatic posting to your A/R system further reduces accounting staff requirements. RightSOURCE Works™ also can update your remitter database with address changes, phone number changes and more.

Another advantage RightSOURCE Works™ provides is the space you will be able to utilize that was occupied by your current payment capture system – further reducing your overall operational costs.

You will see improved collection times, reduced float and can earn credits against processing costs based on collected funds held in a processing center DDA account. This is a RightSOURCE Works™ exclusive advantage.

RightSOURCE Works™ also offers the flexibility and expandability to add additional capture locations.

With RightSOURCE Works™, as paper-based payments continue to decline, your costs using will also decline. Not the case if you continue to process payments internally. Staffing, hardware and software maintenance, along with upgrades all contribute to rising in-house cost per transaction.

Consider RightSOURCE Works™...a better solution, more than just outsourcing.