In-House Item Processing Costs and Benefits: Focus of Bluepoint Solutions’ Latest White Paper
–Examines process, costs and requirements of successful implementation by credit unions–
VISTA, Calif. July 15, 2010 Bluepoint Solutions, a Microsoft Gold Certified Partner and innovator in remote deposit capture (RDC), image-based item processing and enterprise content management (ECM) software technology for financial institutions, has completed an in-depth white paper entitled “In-house Item Processing: A Closer Look at the Benefits and Costs.”
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“Many of our credit union customers have been asking us about moving their item processing in-house,: said Hal Tilbury, founder and CEO of Bluepoint Solutions. “They all have the same questions. ‘How much does it cost? Will I need additional staff? What are the steps involved? How will it impact my members? What value does a third party processor provide?’ We conducted a three-month study to analyze all aspects of an in-house solution and have compiled the results into this white paper. One of the most significant findings of this study is that many of the reasons for outsourcing item processing are no longer valid. In fact, the findings of the study instead suggest there are substantial benefits to move item processing in-house.”
“In-house Item Processing: A Closer Look at the Benefits and Costs” discusses the steady move from outsourcing toward in-house item processing among credit unions since the passage of Check 21. The paper concludes that, in fact, most credit unions will be exploring the move toward in-house item processing within the next year. The benefits of this transition include reduced costs, streamlined workflow, increased control and flexibility, improved member service and enhanced data security and risk management. A case study example is included in the white paper to further demonstrate the practical requirements of bringing item processing in-house and the required day-to-day operations.
“Bluepoint Solutions has spent the last 10 years partnering with credit unions to help them regain control over processes like document management, remote deposit capture, imaging, business continuity and archiving strategies, ” said Tilbury. “We are now moving into the next phase, helping credit unions regain control over item processing by making it a relatively seamless process to bring in-house and manage without needing to add additional IT or operational resources. As more credit unions move toward in-house item processing, we look forward to working with them to provide innovative yet proven solutions that allow them to reduce costs and improve member service.”
Bluepoint’s white paper reflects dedication to the financial services industry through education and awareness.