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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

WAUSAU Financial Systems Leveraging Receivables360 Platform To Solve E-Payments Exceptions Challenges

LAS VEGAS, Oct. 27, 2013 /PRNewswire/ -- Businesses today are trying to accelerate the shift to electronic payments, but this isn't without challenges. The Remittance Coalition, a group of organizations and individuals led by the Federal Reserve Bank (FRB) of Minneapolis to promote electronic business-to-business payments and electronic remittance data exchanges, recently found that while more than 90 percent of company respondents desire to increase their use of electronic payments, 65 percent still take payments mostly by check.

WAUSAU Financial Systems, the premier provider of payment and receivables processing solutions, helps corporations address these challenges through its Receivables360 TM solution that reduces the number of exceptions through automation and identifies them quicker. As a result, Receivables360 speeds up the processing of exceptions by bringing together the payment and the separate remittance data.

"Payment exceptions have always existed in the paper world. In the electronic world they are far more difficult to deal with," said Gary Cawthorne, CEO, WAUSAU Financial Systems. "Nearly all corporations want electronic payments in their environment because they receive their money faster, but they're finding they're spending more time dealing with payments exceptions than they ever did before. Our technology serves to solve this industry headache, helping corporations reduce time spent handling payments exceptions."

The disconnect between payments and electronic remittance data hits many businesses that generally receive this essential information via email, as an email attachment or through a portal. Frequently, their receivables personnel must spend hours gathering that information and associating it with the payments.

"The secret to solving this problem is all about mastering your receivables," said Kathy Strasser, executive vice president, solution management and development, WAUSAU Financial Systems. "To overcome the hurdle of payment association, corporations need the ability to integrate not only their payments, but the information about their payments in order to see a full 360-degree view."

WAUSAU is a member of the Remittance Coalition, which specifically addresses problems and barriers that make it difficult for businesses to use electronic alternatives to paper checks and remittance advices. Remittance information refers to details about a payment, including what the payment is for and provides an explanation of the variances between the amount billed and the amount paid. 

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,937.22 -45.37 -0.27%
S&P 500 1,975.61 -3.30 -0.17%
NASDAQ 4,454.5850 +9.6760 0.22%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs