Software solutions cut costs, eliminate geographic boundaries
VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced that Chicago-based Bridgeview Bank Group, a leader in the Illinois community banking sector, has chosen to implement an array of VSoft solutions including image exchange, Branch Capture, Merchant Capture, CD Distribution and Remittance Payment Processing. All of the VSoft solutions will interface with Bridgeview’s Metavante core system for posting and image archival.
“We are always looking to provide our business customers with products and services that enable them to do business smarter, better and faster,” said Brigid Murphy, vice president of cash management and treasury services of Bridgeview Bank Group. “The implementation of VSoft’s remote capture and payment processing solutions provides a common platform for our check and payment processing systems and enables us to push the cost savings and operational efficiencies to our branch locations and merchant customers by eliminating the need to physically transport checks and payments.”
VSoft’s Branch Capture and Merchant Capture solutions allow Bridgeview’s branch personnel and business customers to capture images and data at remote locations and transmit them to Bridgeview’s central processing site. Processing and transportation costs are reduced, and the window for accepting deposits is extended later into the evening. The solutions also eliminate geographic boundaries that exist when physical checks have to be transported to and
from the bank locations. VSoft’s image exchange solution will interface with the Federal Reserve for inter-bank exchange of images and data.
VSoft’s Remittance Payment Processing solution delivers fully integrated image payment processing technology with Internet delivery and long-term document archival and retrieval capabilities. The solution communicates information between payers and payees to facilitate cash application, reconciliation and other payee accounting functions.
“VSoft is glad to work with Bridgeview Bank to implement check and payment processing solutions that enhance their environment,” said Murthy Veeraghanta, president, VSoft Corporation. “We create flexible and scalable solutions designed for easy implementation with the ability to interface with existing systems with minimal effort. VSoft solutions will allow Bridgeview to increase their operational efficiencies while reducing processing costs.”