Imagine Calculator.xls



Still Using Paper? You're Losing Money!
We'd like to show you just how much you can save with IMAGEin check branch capture

Step 1: How Much Do Paper Checks Really Cost You?

Tell us your monthly total check collection deposits

This is your immediate availability (70%) per month
This is your one-day deferred availability (30%) per month
This is how much money is deferred every day

Your Daily Lost Income Due to Deferred Availability & Holdovers
assumes a 1.00% WesCorp daily rate
Your Annual Lost Income Due to Deferred Availability & Holdovers:

NOTE: Float Calculator is based on one month's actual credit union daily deposit activity as compared to the average accelerated float as seen over the entire WesCorp Member base participating in the IMAGEin program. The current WesCorp overnight rate is used as a base for the calculations.

Step 2: See How Much You Can Save With IMAGEin

How many checks do you receive each month?
How many branches do you have?

First, let's see how much it cost you to process paper checks
	Monthly	Yearly	3 Years
Average check collection volumes
Per item fee for paper processing/clearing (@.1350)
Estimated courier cost
Estimated microfilming & encoding
Estimated batch tickets, deposit slips, transmittal letters, bags, etc.
Total Paper Processing Costs

Now let's see how much it cost you to process with IMAGEin
	Monthly	Yearly	3 Years
Average check collection volumes
Image file processing charge per item fee (@.06)
Estimated courier cost	$0	$0	$0
Estimated microfilming & encoding	$0	$0	$0
Estimated batch tickets, deposit slips, transmittal letters, bags, etc. for non-conforming Images
Total IMAGEin Processing Costs

What are the IMAGEin Startup/Ongoing Costs?
Scanners and software
IMAGEin site license
CAR/LAR software
Annual Maintenance
Total IMAGEin Startup/Ongoing Costs

NOTE: The sample model above uses Canon CR-55 scanners based on average volumes. The credit union has the option to mix and match scanner hardware and system configurations in various branch environments. Pricing in this model reflects estimates only. This model does not include installation and training charges.

Last Step: the Bottom Line	Monthly	Yearly	3 Years
IMAGEin processing costs
Earnings for reduction in float
Net IMAGEin Processing Charge
Investment depreciation (3 years)
Annual Maintenance

Net IMAGEin Costs

Net Savings with IMAGEin