VSoft Corp. is launching a new software-as-a-service version of its image capture and processing platform and has landed Arizona Federal Credit Union as the first user, the company and credit union said.
The SaaS service will provide the same functionality as its in-house solutions and will be operated through its VSoft Managed Services data center, the Atlanta-based company said. The service bureau model will allow the credit union to also take advantage of the company's disaster recovery and system maintenance capabilities while keeping administration and daily operations in-house.
"Our SaaS model meets a strong demand in the financial industry to have the control needed to manage a complete imaging platform without having the capital expenditures and economic burden of hardware maintenance," said Murthy Veeraghanta, chairman and managing director of 1,900-client VSoft.
"Arizona Federal is dedicated to meeting our members' financial needs by expanding services available to them without increasing the credit union's costs," said Randy Baldwin, CFO at $1.6 billion Arizona Federal in Phoenix.