The latest addition to the ImagePoint suite, ImagePoint Mailroom enables financial institutions to capture and electronically process both deposits and remittances, including credit card, mortgage, auto and other loan payments, received in the mailroom.

Bluepoint's ImagePoint Mailroom application is a SaaS-based, automated processing tool designed to scan, sort, apply and split remittances and deposits, validate the data, then export it for clearing, posting and archiving. The system eliminates costly outsourcing fees and replaces manual, labor intensive first-generation applications. The web-based application operates in a secure cloud environment with no local software to install or maintain, allowing insitutions to quickly deploy the solution with minimal up-front investment.

"Financial institutions of all sizes need to constantly evaluate new technologies that help them improve productivity, particularly in payments processing," said Hal Tilbury, CEO and founder of Bluepoint Solutions. "Back-office remittance and deposits are areas where financial institutions of all sizes can leverage the benefits of electronic processing to lower costs and boost efficiencies."

Bluepoint's ImagePoint Mailroom application interfaces with the intstitution's existing host system, loading all current, expected receipts plus all current account information. Operators do a quick pre-sort and then scan remittances, which the system matches to the expected receipts and account information, presenting unmatched items to the operator in an automated queue for review. Upon completion, the system generates an X9 cashletter file that feeds directly into to ImagePoint to be included with all other items for clearing and archival, and a posting file that goes back to the host system and/or to separate accounting systems.