Wausau Financial Systems unveiled its Paperless Treasury solution, which it says dramatically transforms the customer’s treasury management experience.

With Wausau’s Paperless Treasury solution, business can be closed on an iPad, eliminating wasted time, printing, and paper-pushing. Treasury sales executives can carry all of the paperwork they need electronically on the iPad to initiate orders and conduct the signing process at the customer’s office. With e-Signature technology, the Wausau application captures a secure biometric signature and can automatically apply it to all relevant documents. The signed documents then can be transmitted wirelessly back to the bank’s office for processing. Built-in workflow management distributes the document, and processing can begin before the sales representative even steps back into their office.

This new approach expedites customer on-boarding and order initiation, completing in four hours or less the tasks for which today’s paper-reliant processes require two to four days. The offering also reduces costs, increases customer satisfaction, and provides financial institutions a secure, efficient, cost-effective, and environmentally healthy answer to treasury needs.

Combined with Wausau’s paperless branch offering and packaged as Paperless Bank, Paperless Treasury eliminates cumbersome paper trails and mitigates risks by capturing treasury documents through electronic means and automatically routing them to operational department personnel. This removes filing, scanning, and document-management issues from the process, allowing for more face time with customers and prospects and providing greater opportunities to drive business.

“The promise of a paperless treasury solution offering allows financial institutions, like us, to enhance the business customer’s experience by improving operational efficiencies related to treasury order fulfillment and expediting response time to inquiries surrounding documents or data,” says Jim Brockett, CIO, Washington Trust Bank.

 “The paper trail that both financial institutions and corporations are leaving in their wakes is cause for concern from a security, efficiency and cost-related standpoint, and delays processes and response time to customer inquiries,” says Gary Cawthorne, president of Wausau Financial Systems

http://www.wausaufs.com/press/releases/detail/742