WAUSAU Delivers New Account Capture and Workflow Capabilities to International Bank of Commerce
10 2월 2007 - 1:42AM
PR Newswire (US)
MOSINEE, Wis., Feb. 9 /PRNewswire/ -- International Bank of
Commerce (IBC) will deploy an enterprise-wide implementation of
WAUSAU's New Account Capture Enterprise Content Management (ECM)
solution, following a successful pilot installation. IBC is a
subsidiary of International Bancshares Corporation (NASDAQ:IBOC), a
$10.7 billion multi-bank financial holding company headquartered in
Laredo, Texas, with more than 220 facilities and serving more than
90 communities in Texas and Oklahoma. "IBC's continual pursuit of
strategic expansion requires an enterprise-wide solution that will
support the bank's present and long-term, growth initiatives," said
Dennis E. Nixon, Chairman and CEO for IBC. "We persistently seek
our partnerships and solutions that will merit the strong loyalty
of our customers, while further serving our community and adding
value for our shareholders." The implementation follows IBC's prior
deployment of WAUSAU's ImageTeller(TM) solution, which truncates
checks at the teller line. New Account Capture complements WAUSAU's
existing suite of capture solutions and is a natural addition to
IBC's total capture strategy. The WAUSAU solution integrates with a
financial institution's new account platform and allows for the
digital signing and electronic routing of documents for automated
validation and auditing. The WAUSAU New Account Capture offering
ensures that transactions are processed securely and efficiently,
and focuses on decreasing the amount of resources utilized during
the new account acquisition process. Using New Account Capture,
customer signatures and photos can be viewed immediately at all
branches for verification of identity. In addition, photo IDs can
be scanned and then automatically classified, archived and indexed,
along with the new account documents. The platform, Optima(3)(R)
IMS, is configured with the financial institution's business logic
to determine how each document should be handled once it is
incorporated in the electronic workflow. "The combination of
capture and workflow successfully automates the standard,
paper-intensive, new account process and addresses the challenges
financial institutions are facing in respect to the rising costs of
paper handling, storage fees and transportation from courier runs,
associated with the opening of new accounts," stated Kathy
Strasser, Senior Vice President - Enterprise Content Management
Solutions for WAUSAU. Based on projected results, IBC expects to
reduce its courier runs from five days to two days per week through
the implementation of New Account Capture. This represents a 60
percent reduction in transportation costs. Its audit and validation
process will realize an 80 percent improvement in turn-around time,
cutting its current five-day process down to next-day, and the bank
will also save over one million printed pages per year, which
represents a 40 percent reduction in output. "We see WAUSAU's New
Account Capture solution as the next phase towards transitioning to
an automated and image-based environment," said Rene Avila,
Executive Vice President for IBC. "Our commitment to provide the
most efficient services to our customers remains strong, and we are
extremely excited about the opportunity to further enhance our
competitive strength in the marketplace." About IBC International
Bank of Commerce (IBC Bank) is a member of International Bancshares
Corporation (NASDAQ:IBOC), a $10.7 billion multi-bank financial
holding company headquartered in Laredo, Texas, with more than 220
facilities and more than 360 ATMs serving more than 90 communities
in Texas and Oklahoma. Find more information about International
Bancshares Corporation at http://www.ibc.com/ . About WAUSAU WAUSAU
is a premier provider of payment and remittance processing
solutions, serving businesses of all types to develop strategies
that move money faster. With its products, services and consulting,
WAUSAU works with customers to speed check processing, electronic
presentment, ACH payments, transaction processing, distributed
capture and enterprise content management. WAUSAU's innovative
solutions provide results for a wide range of organizations
including financial institutions, insurance companies, utilities,
retail businesses and governmental agencies. Find more information
about WAUSAU at http://www.wausaufs.com/ . DATASOURCE: WAUSAU
CONTACT: Tom Pierce, Vice President - Marketing, of WAUSAU,
+1-715-241-4616, or Web site: http://www.wausaufs.com/
http://www.ibc.com/
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International Bancshares (NASDAQ:IBOC)
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