 |  |  |  |  |  |  |  |  |  |
Wausau Financial Systems Paperless Branch
WAUSAU Financial Systems’ Paperless Branch solution reduces costs by capturing images in the branch wherever they occur, from over-the-counter transactions at the teller line to loan origination, new accounts, customer service and human resources documents regardless of the loan or new account platform and archive. The products that make up the solution interface to or integrate with a financial institution’s existing technology. Paperless Branch eliminates the need to process paper documents, resulting in increased operational efficiencies, permanent reduction of transportation costs and an ROI of less than 12 months. It’s much more than just check capture, it addresses processes, end-to-end throughout the entire branch!
Staff Productivity
- Reduces the amount of time associates spend on low-value tasks, such as making 61 trips per week to the fax machine, copier and printer like the average office worker does.
- Automatic indexing decreases the average amount of time it takes an associate to retrieve and re-file a document from ten minutes to just seconds.
- Saves close to half a million dollars in labor costs the first year after implementation.
Environmentally-Friendly
- Eliminates the need to make a paper copy of a document, which on average in a standard branch, gets copied at least 19 times.
- Cuts the amount of paper being printed in half.
- Eliminates the need for expensive, physical storage of documents.
- Removes the need for envelopes, cash tickets and deposit slips at the ATM.
Compliance/Risk/Fraud
- Allows for document accountability and provides all required information for auditing.
- Ensures authenticity by applying a biometric security key to each digital signature .
- Reduces fraud by attaching signature cards, digital photos and photo IDs to each customer file.
- Reduces quantity of lost, misplaced or misfiled documents through automated prompts and workflow functionality.
Cost-Savings
- Reduces daily courier runs by 50%.
- ROI realized in less than a year.
- Reduces the amount of paper used throughout the entire branch.
- Reduces the amount of documents an FI loses or misfiles, which on average tends to be about 3% of all documents, costing $120 a piece to replace.
Customer Service
- Immediate availability of customer information across all branches.
- Increases the opportunity for cross-selling.
- Reduces the amount of time customer spends signing multiple documents or waiting to open a new account.
Wausau Financial Systems
www.wausaufs.com