This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Mixed Mail Processing Solution Helps Lockbox Processor Cut Operating Costs By 15%

ITHACA, N.Y., Feb. 12, 2013 /PRNewswire/ --  RP Solutions, Inc., an inspired remittance processing solutions provider and OPEX Corporation , a provider of high-speed document imaging and mail center automation equipment, announces the successful implementation of their integrated Mixed Mail Processing solution at Bill2Pay, a large lockbox processor. Bill2Pay has since shortened their processing day, reallocated operations staff and reduced hardware maintenance costs, representing a 15% savings in operating expenses.

(Logo: http://photos.prnewswire.com/prnh/20101006/NY76808LOGO )

Mixed Mail Processing allows incoming mail to be scanned without labor-intensive presorting.  Bill2Pay's solution includes ExpertRPS, RP Solutions' flagship remittance processing software, 3 OPEX AS7200i document scanners with integrated mail extraction and 2 OPEX AS180 payment automation workstations. Each OPEX workstation performs both mail opening and image scanning.  ExpertRPS then identifies each document, extracts the necessary data and processes each transaction. 

"Bill2Pay has been using ExpertRPS for 12 years and has always placed a high priority on efficiency," said David Johnson, President, RP Solutions.  "With our Mixed Mail Processing solution, we streamlined their operation by combining mail extraction, document imaging, recognition and sorting into a single process.  ExpertRPS is fully integrated with OPEX's ScanLink interface so our software communicates with the devices in real-time resulting in smooth operations for our customers."

"There were a dozen devices for mail opening and image scanning at Bill2Pay.  Mail had to be sorted, prepped and handled multiple times," said Jeff Geshay, Administrator of Partner Relationships for OPEX Corporation.  "We're pleased Bill2Pay standardized on OPEX's mail center automation equipment.  Partnering with RP Solutions, we've turned their lockbox operation into a leading showcase for Mixed Mail Processing."

Bill2Pay, part of Intuition Systems, processes over 30 million remittance payments annually at two locations in Florida.  "This savings helps us maintain our competitive offering while mail volumes decrease and other costs continue to increase," says Kathy Wilson, Director of Operations at Bill2Pay.

About RP Solutions, Inc.     RP Solutions is an inspired document imaging, remittance processing and electronic payment solutions provider.  In business since 1995, RP Solutions helps organizations realize the benefits of electronic payment processing with products including a remote deposit solution for merchants, advanced customizable product suites for high volume payment processors and an online payment gateway. www.RPSolutions.com

About OPEX Corporation   OPEX is a recognized global technology leader in document imaging, high-speed mail center automation and material handling. Since 1973, OPEX systems have provided performance-enhancing workflow solutions and cost effective results to thousands of organizations worldwide. OPEX systems are installed in financial services, healthcare, government, nonprofit, utility, service bureau, insurance, telecommunications, and university/educational marketplaces around the world.  www.opex.com

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.   Bill Pierce     http://www.profnetconnect.com/bill_pierce 

SOURCE RP Solutions, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs