WAUSAU Financial Systems Offers New Technical White Paper

on Payment Processing for Utilities

Payments processing is the lifeblood of any business. And while traditional check-centric processing systems are stable, they also are inflexible, expensive and increasingly difficult to maintain. Maintenance of these legacy remittance systems is complicated by the fact that the number of paper checks is shrinking with each passing year, while electronic payments grow.

Though not every legacy remittance system needs a complete overhaul, the harsh reality for utilities is that all remittance operations at least must support electronic capture and clearing alternatives, if the organization expects its back-office to remain efficient, effective and competitive. An increasing number of utilities are planning to implement image-enabled solutions for remittance processing, remote deposit capture, check image exchange/image cash letters, Accounts Receivable Conversion (ARC), and Back Office Conversion (BOC).

This innovative white paper offers a wealth of information on where the utilities industry is headed, in terms of paper processing, the benefits of Remote Deposit Capture and Electronic Clearing methods (including ARC, Check21, BOC and Image Exchange) and perspectives from WAUSAU Financial Systems customers.

A Utility’s Guide to Electronic Clearing represents WAUSAU Financial Systems’ thoughtful perspective on enterprise payment solutions for utilities payment processing, and serves as a valuable tool as your organization looks to end the paper chase.