FirstBank Deploys eGistics Hosted Archive

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Mon Oct 5, 2009 9:00am EDT

DALLAS--(Business Wire)--
eGistics, Inc., today announced that FirstBank, a Lexington, TN-based regional
bank serving the communities of Tennessee with over 45 branches, has deployed
the eGistics i-Remit solution for long-term remittance and check archival.
FirstBank was founded as Farmers State Bank in 1906. The hosted eGistics
solution will help FirstBank improve operating efficiency and enhance client
service, while streamlining compliance and payments reporting for the bank's
wholesale lockbox customers. 

The eGistics solution supports FirstBank's check processing and wholesale
lockbox lines of business, automating the storage, management and retrieval of
images and data from checks, remittance stubs, and correspondence. 

eGistics` i-Remit archive solution easily integrated with the bank`s legacy
remittance solution, enabling FirstBank to be in live production with the
solution within a few weeks. The eGistics solution is integrated with the bank's
in-house AQ2 platform for lockbox processing, and with Parsons, TN, based Group
Data Services, Inc., which provides the bank with outsourced check processing
services. The eGistics hosted archive provides a common data and image
repository across the applications, allowing users to retrieve information from
a single solution. 

i-Remit also offers a high level of client configuration and control, allowing
regional banks like FirstBank to offer delivery options that match or surpass
those offered by large institutions. 

"By providing on-demand access to images and data, the eGistics archive helps
our lockbox clients make faster and better cash management decisions, while
ultimately improving our customer service, operations efficiency and
profitability," said FirstBank Vice President Bobby Price. "Working with
eGistics, we have new and powerful ways to manage check and payments
information. The eGistics team exceeded our expectations in understanding our
industry and business requirements and we look forward to the substantial
enhancements that eGistics will bring to our business capabilities." 

An important factor in FirstBank's decision to work with eGistics was the hosted
architecture of the company's archive, which requires no upfront capital
investment and no annual maintenance fees. 

"eGistics helps community banks change the economics of image and data archive
by delivering a full range of hosted services," commented eGistics Executive
Vice President of Sales and Corporate Development R. Edwin Pearce. "Our business
model enables institutions like FirstBank to easily and economically deploy
world-class archive-driven solutions in ways that meet their business needs. In
this instance, FirstBank took advantage of our rapid deployment model, which
allows our clients to implement our i-Remit platform to be fully operational in
a matter of weeks." 

About eGistics, Inc.

eGistics is a leading provider of hosted document management solutions. Our
advanced image and data solutions enable business process automation by
optimizing the storage, management and delivery of business-critical information
(originating in any paper or electronic format) across a wide range of
applications. Our customers include healthcare organizations, banks and other
financial services firms, utilities, telecoms, consumer product marketers,
service bureaus, and IT solutions providers. For more information about eGistics
visit www.egisticsinc.com or call 214-256-4600. 

"eGistics" and variations of the name are the property of eGistics, Inc., and
are protected pursuant to an application filed with the United States Patent and
Trademark Office.

eGistics, Inc.
R. Edwin Pearce, 214-256-4607
epearce@egisticsinc.com



Copyright Business Wire 2009

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