Advanced Financial Solutions Introduces Newest ASP-Based Offerings

Tuesday 22 March 2005 17:59 CET | News

Advanced Financial Solutions (AFS), a Metavante company, has released Application Service Provider (ASP) versions of its popular Enterprise Report Management (ERM) and Integrated Lockbox (iBox) solutions. The ASP delivery model provides a cost effective, outsourced alternative to acquiring, installing, and managing in-house solutions.

AFS eStor.ERM is an electronic report management system that provides financial institutions instant access to archived documents and reports. AFS eStor.iBox provides a single, integrated platform to process paper and electronic payments for retail and wholesale lockbox transactions. According to IDC, a leading global market intelligence and advisory firm, the ASP market is a rapidly emerging segment of the computer industry. By 2005, it is projected to reach $24 billion, up from $1 billion in 2000. Enterprise ASP spending at large businesses will reach nearly $13 billion in 2005, up from $693.5 million in 2000. AFS eStor.ERM provides a powerful document and report archival and research solution that is easy to learn and operate. In addition, access to information through a user-friendly web-browser interface reduces training, on-going administration, and technical support. AFS eStor.iBox is a remittance processing solution that provides an integrated platform for processing retail and wholesale lockbox transactions, supplemental remittance documents and emerging payment mechanisms such as accounts receivables conversion (ARC), truncation, check image exchange, and substitute checks (image replacement documents). Lockbox service providers will benefit from reduced exception item handling, faster accounts receivables and resolution of disputed amounts, and improved availability of funds and audit control.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce