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WAUSAU Financial Systems Partners with Striata for Email Bill Presentment and Payment

Via GreenBills, an encrypted electronic bill is delivered to the consumer via email. When opened, it looks just like a traditional paper bill, but with interactive features such as invoice consolidation and the ability to make a payment with just one-click from within the email itself. Consumers can also view highly targeted and personalized marketing offers.

"We're encouraging businesses to abandon paper not just because of its inherent cost, but it's an extremely inefficient way to do business," said Kathy Strasser, executive vice president of Solution Management for WAUSAU Financial Systems. "With the launch of GreenBills, we're also taking a significant step forward with our Integrated Receivables Hub platform, designed to aggregate, automate and accelerate the entire payments process."

Some of the advantages of email bill presentment and payment include:

• Positive ROI within six to 12 months
• Ability to reduce paper and postage expenses by 50 to 90 percent
• Better cash flow because of more timely payments
• Improved ability for self-service among customers
• Using less paper allows companies to reduce their carbon footprint

"Our eBills are designed to be exact replicas of the paper that they replace, but with additional, interactive functionality," said Garin Toren, chief operating officer for Striata. "Web-based solutions are dependent on a customer's willingness to proactively enroll and retrieve documents, not the case with GreenBills. We've seen clients reduce paper by up to 20 percent after the first year, and by 40 percent after the second year."

"Forrester research indicates that 70 percent of consumers could be convinced to give up paper bills for electronic versions," said Strasser. "The demand for going paperless is certainly clear. It's now up to businesses to offer solutions such as GreenBills that will not only reduce operating costs, but an organization's carbon footprint as well."

About WAUSAU Financial Systems

WAUSAU Financial Systems is a premier provider of payment and receivables processing solutions, helping businesses of all types 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 holds the No. 1 market share position in retail and wholesale remittance processing solutions. WAUSAU processes more than $1 trillion in payments each year through its work with more than 650 organizations, and maintains more than 30 percent of all U.S. lockbox volume. The company works with 13 of the 25 largest financial institutions, 42 percent of insurance companies with more than 5 million customers and 24 percent of utilities with more than 100,000 customers. More than 200 financial institutions use WAUSAU's remote deposit capture service, and industry consultants Celent and Aite have ranked WAUSAU's remote capture functionality above all competitors. For more information, visit www.wausaufs.com.

About Striata

Striata is a global eDocuments, eBilling and eMarketing software application developer and services specialist. Striata revolutionizes the way bills, statements, policies, collection notices, letters, paystubs and other high volume system-generated documents are delivered and paid. Registration requirements are eliminated by emailing feature rich, interactive, encrypted documents directly to the inbox and enabling innovative one-click electronic payment from within the document itself. Direct email delivery of bills and statements dramatically increases customer adoption of electronic documents, paper turn off and ePayments. This enables Striata's clients to achieve rapid ROI; complement their existing self-service and e-communication strategies; significantly reduce paper output and to meet their carbon footprint/environmental impact targets. As a leading international provider of electronic messaging since 1999 with more than 200 blue chip customers, Striata has operations in New York, London, Sydney, Hong Kong, Johannesburg and partners in North, Central and South America, Europe and across Asia Pacific. For more information, visit www.striata.com.

for WAUSAU Financial Systems
Olivia Mata
312-240-2913
olivia.mata@edelman.com