RemitProâs annual revenues increased 76 percent during 2005, and its customer base grew by 47 percent. With continuing growth in revenues from those 2005 contracts, coupled with new contracts and a strong forecast, RemitPro expects to exceed last yearâs revenue growth rate in 2006.
Underscoring its growth, RemitProâs processed almost $2.0B through its eRemitProâ¢ Remote Deposit Capture Solution. RemitPro has increased its staff, expanded its facilities, and invested significantly in computing infrastructure to support the current growth and prepare for the future.
âRemitPro continues to extend its leadership in the financial services market by delivering Check21 solutions that drive significant increases in funds availability and operational efficiencies for our customers,â said RemitPro CEO Jana Waughn. âAs we move forward, our deep domain expertise and robust software applications coupled with the flexibility, scalability, reliability and security of our platform continue to provide real value to our customers and set us apart in the
As proof of the superior value and customer experience provided by RemitPro, existing customers continue to significantly increase the volume of transactions they process through eRemitProâ¢. Additionally, RemitPro has recently signed several of the largest broker-dealers in the United States to its eRemitProâ¢ Check21 product.
âMany of the most prominent banks in the United States trust RemitPro to provide their clients with eRemitProâ¢ as the front-end Remote Deposit Capture application because our solution is very feature-rich and the banks are confident in our unblemished record of transmitting Check21 files to them accurately and on time for settlement on behalf of our mutual customersâ said RemitProâs CEO Jana Waughn.
Treasury management professionals clearly see the benefits of Remote Deposit Capture and Check21 electronic processing and depositing of checks. eRemitProâ¢ provides a feature-rich application for processing paper checks and converting them into Check21 transactions including image and data archival, management reporting, workflow and batch queuing and transaction posting to accounts receivable systems. Leading companies in these markets are deploying RemitPro solutions to address a broader, more complex mix of payments requiring accelerated funds availability while enjoying the benefits of streamlining back-office operations. These companies are using RemitPro to rapidly resolve payment exceptions and accommodate new regulatory requirements.