Today, payment and receivables provider Wausau Financial Systems announced two new solutions: an integrated payments and receivables hub and a paperless treasury management solution.
To create the new payments and receivables hub, Wausau partnered with payments modernization company Clear2Pay. The solution combines Wausau's Receivable360 integrated receivables hub with Clear2Pay's Open Payment Framework and bank payments hub. Banks can integrate the solution with their existing infrastructure and offer it to business customers to help improve financial visibility with an integrated view of incoming and outgoing payments.
Wausau's new Paperless Treasury solution helps consolidate treasury document management into one computer-based process that takes hours to complete instead of days. With the solution, all treasury paperwork is stored on an iPad and is put through a digital workflow process, which includes capturing a secure, biometric e-signature from the client that can be applied to all documents. This product is an extension of Wausau's existing Paperless Bank solution for financial institutions.
With these new solutions, Wausau aims to help financial institutions and their business customers streamline processes and save time and money.