Source: VSoft Corporation
VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that Warner Robins, Georgia-based Robins Financial Credit Union with more than $2.4 billion in assets has selected its OnViewTM Branch Remittance to simplify remittance transfers.
OnView Branch Remittance increases back-office productivity and reduces the cost of capturing remittance items. The solution analyzes the remittance coupons provided by members to develop templates to read codeline information on the coupon accurately. Coupons are designated as credits within the VSoft system and paired with the accompanying debits. This allows financial institutions to capture coupons and checks together in a POD-like workflow. Both items are then readily available for research within VSoft’s system. OnView Branch Remittance allows institutions like Robins Financial Credit Union to maintain transaction integrity while accelerating research functions and reducing processing costs.
VSoft’s OnView Branch Remittance extends the functionality of a lockbox solution to financial institutions without the complications of one. Financial institution employees are easily trained on the software and OnView Branch Remittance reduces costs when transitioning from a full lockbox solution or processing by hand. OnView Branch Remittance is a specialized workflow configured for VSoft’s OnView Branch Deposit application and the single platform delivers a superior experience.
“Between our knowledge of VSoft’s user-friendly product offerings and VSoft’s commitment to serving their client base, it was clear that they were the right partner for streamlining our remittance process. We look forward to OnView Branch Remittance boosting the efficiency of our daily transactions,” said Jennifer Norbeck, Assistant Vice President of Payment Services at Robins Financial Credit Union.
“As financial institutions chase digital transformation to stay relevant, they must not forget about increasing the effectiveness and functionality of basic transactions as well as decreasing their costs where possible,” said Murthy Veeraghanta, chairman and CEO of VSoft Corporation. “Robins Financial Credit Union has chosen to drive change and innovation at every level including their remittance practices. With the implementation of OnView Branch Remittance, the credit union will see increased efficiency as well as cost savings. We’re thrilled to partner with Robins Financial Credit Union to provide increased functionality that will allow them to better serve their members.”