White Paper. Today s Document Management System: Go Paperless; Go to the Cloud; Go Mobile; Foster Collaboration

Size: px
Start display at page:

Download "White Paper. Today s Document Management System: Go Paperless; Go to the Cloud; Go Mobile; Foster Collaboration"

Transcription

1 White Paper : Go Paperless; Go to the Cloud; Go Mobile; Foster Collaboration

2 Paper-based processes are costly and inefficient. To be successful in today s challenging mortgage environment, mortgage companies need to implement new systems and methods to reduce time and cost in operations. Lower volumes and tighter margins have lenders striving to reduce their costs and become more competitive. Better customer service is also essential to success, so speeding up the origination process will also help mortgage lenders thrive. Replace paper processes with document imaging Mortgage companies are not yet taking full advantage of the technology options now available. Many are struggling to find a solution to relieve key business pains associated with the huge amount of paper involved in the lending processes. Electronic document management solutions will help mortgage companies solve these problems. Today, there are document sharing, imaging, and collaboration solutions for mortgage lenders that offer essential support for fast, low-cost document processing. Mortgage companies can continue to rely on their traditional, manual, paper-based operations, or they can invest now in technology to capture and manage documents electronically. According to an Aberdeen Group report, all 119 companies surveyed that had invested in electronic document management reported superior performance in almost every area, especially in metrics concerning time, data visibility and cost. 1 Lower costs and reduce errors Utilizing electronic document management solutions lowers the cost of document-based processes and reduces error rates. Document imaging reduces overall paper costs, which consist of producing forms, copying, filing and mailing. It also reduces facilities costs by eliminating the need for onsite file storage. It can cost a company up to $25,000 simply to fill a four-drawer file and $2,100 per year to maintain it. File rooms that occupy valuable and expensive square footage can be eliminated. Companies that have invested in document management reported superior performance in time, data visibility and cost. Organizations that rely on manual processes often see more errors since human error is inevitable. The accumulation of little errors can often have a great financial impact on an organization. According to an Aberdeen Group report, organizations with document management systems reported 30% fewer errors in documents processed with a document management system. This contributed to their 10% reduction in overall operational expense for document processing in the past year. Replacing paper-based mortgage processes with electronic imaging systems offers tremendous benefits to mortgage organizations. Electronic imaging systems streamline processes, thereby reducing labor costs. They also facilitate the secure submission of loan files from branch offices to centralized operations centers or from third party originators (TPOs) to lenders. All participants in a loan transaction can collaborate on loan documents simultaneously. Mortgage lenders are able to reduce manual labor by 75-90% with electronic imaging systems. They can conservatively reduce 1-2 person-hours per loan folder because lenders eliminate inefficient, error prone, and labor intensive manual or semi-automated processes such as sorting, naming and organizing loan documents. Automatically recognize, convert and file loan documents with enhanced document capture Aberdeen Group surveyed 36 organizations in document-heavy industries and found that the cost of scanning or capturing a single document for the average company costs approximately 19 cents and takes 4 minutes. A document capture solution enables organizations to convert received document files into digital images more reliably than other solutions by having documents automatically recognized and converted. Today s technology enables documents to be received in various ways, including fax, scan, , upload, or FTP, and be automatically converted into digital images. If a company handles 1.5 million documents a year, an image processing system has the potential savings of $285,000 per year just in the image capture step. 2

3 With today s document recognition technology, systems are able to automatically recognize hundreds of commonly used mortgage industry document types. Recognized documents are then automatically named, indexed, and organized into their proper loan folders. This also enables document images in a loan folder to be searched for, filtered, selected, and arranged in a stacking order, according to loan type and investor or other requirements. These capabilities decrease holding times and reduce file intake errors. Stop wasting time; improve productivity Document imaging solutions improve the productivity of document processing tasks in several ways. According to Aberdeen Group, document management solutions decrease employees time spent looking for information by 2 hours a week. Document imaging provides protection and control over legal, original and unique documents. According to industry sources, an average of 25% of misplaced documents are never found, and companies invest significantly to recreate or locate missing documents. Electronic documents are protected from natural or unnatural disasters, which further increase processing times, decreasing service levels and customer confidence. Employees often spend significant amounts of time looking for the correct information required to perform his or her job. This can be eliminated with the use of electronic files. Employee productivity can be improved by eliminating the need to switch between tasks and wait for files to be retrieved in order to restart projects. Employees can work through issues in real-time, and customers questions can be answered in an efficient and timely manner. Personnel are not limited by the information captured in loan origination systems. Data not captured there can be viewed from the electronic images, improving the workflow of each loan application. Time Savings Reduce manual labor by 75-90% Reduce 1-2 personhours per loan folder because lenders eliminate inefficient, error prone, and labor intensive manual or semi-automated processes. An average of 25% of misplaced documents are never found and companies invest significantly to recreate or locate missing documents. Document management solutions also improve the audit and discovery processes. The solutions retain the documents in a secure and organized form to provide for easy retrieval. All loan documents can be accessed without searching for, retrieving and handling paper loan files. Due diligence examinations can be done without sending auditors on the road, increasing productivity and dramatically reducing acquisition costs on loan pools. Packaging and delivering electronic documents for any investor, insurer, servicer, or other third-party is simple and immediate. Document images in a loan folder can be searched for, packaged and sent to recipients via multiple methods. Documents can also be retained for long-term archival. Today s imaging platform: in the cloud, mobile, and collaborative Today s imaging platforms are vastly different from first generation systems introduced a few years ago. Mortgage companies have more and better options as to the types of document management solutions to use. Cloud-based solutions offer increased flexibility Cloud-based document management systems are becoming increasingly popular. In addition to giving users the ability to view documents online anywhere and at any time, cloud-based document management systems offer added benefits, such as reduced up-front capital cost. Unlike traditional document management systems, which are dependent on office-based servers and support from IT departments, cloud systems require no IT infrastructure, making them a more cost-effective option. There is no need for organizations to invest in additional computers, servers or software licenses. Cloud-based systems use a monthly subscription model based on usage, making it an operational expense as opposed 3

4 to a capital expense. Because of this, the long approval processes often needed for capital expenses are eliminated. Cloud-based solutions also require less implementation time typically one month compared to several. The cloud model is able to support any kind of organization and distribution of labor, because the solution can be accessed anywhere, and user roles can be quickly configured. Security is less a concern with cloud-based solutions. Clients and partners collaborate through the cloud in a secure way. Borrower information is protected while documents are accessed. Data centers have restricted personal access, and annual testing is done to meet customer security requirements. In addition, with electronic solutions, the risk of documents being lost internally or through the mail or fax is eliminated, saving companies significant amounts of time and money. with a secure off-site virtualized server infrastructure, adding or removing staff becomes effortless and cost-efficient. With a highly customizable and scalable cloud-based system, the service provider is responsible for meeting all guidelines, industry regulations and compliance requirements. This alleviates the compliance burden from organizations that would normally have the responsibility of building and maintaining the technology internally. The service provider also provides a guaranteed auditable paper trail, helping the mortgage industry as government regulations and oversight continue to grow. In addition, the auditing of detailed transaction history that is not possible with paper or images, is also available. In today s mortgage environment, the on-demand retrieval of transactions is critical to support statutory retention of records, state and federal audits, foreclosures or litigation. While robust security rules secure data, cloud-based solutions also enable flexibility so that the necessary parties (loan officers, processors, underwriters, assistants, funders, etc.) can work on a file regardless of the stage of the application. In addition, workflow across organizational and geographical boundaries, despite differing in-house technology systems, is possible, enabling various partners to collaborate despite location. The greater transparency that cloud-based document imaging facilitates allows for better communication and process automation across all sectors in the mortgage industry. A conventional mortgage banking operation spends a great deal of time and effort passing data and documents around. Production chains deploy a linear team workflow process, which is typically short on collaboration and fraught with operational inefficiencies creating backlogs during peaks and staff under-utilization during lulls. With a cloud-based imaging solution new employees have the ability to work remotely. In addition, getting them up and going is as easy as configuring their credentials on the network, usually taking less than an hour. This eliminates the restraints of physical locality, and Data Visibility Able to automatically recognize more than 250 commonly used mortgage industry document types. Mobile access helps today s on-the-go LO and executive In today s mobile work environment, many mortgage professionals are looking to utilize document imaging solutions via their smart phone or tablet. A mobile app does not replace the full-featured application, but acts as an extension of it for mobile purposes. The target audience for document imaging mobile apps are loan officers, regional account executives, production managers, and other users who are on the go. These apps can improve information access, accountability, turn-around time, and loan throughput. There are many benefits for users, such as having the ability to get up-to-date information about the status of loan documents, anywhere, any time. Mobile applications provide better customer service by providing timely information and support to customers. This ultimately improves service response times and enhances productivity. Today s Document Management Systems offer better collaboration Today s cloud-based document sharing, imaging and collaboration solutions streamline collaboration between mortgage companies and service providers involved 4

5 in a loan transaction by enabling the efficient and secure sharing of documents and related information. An imaging system used in conjunction with a loan origination system (LOS) yields superior process improvements. The imaging system is used in parallel and in conjunction with the LOS since there are really two different sets of tasks that need to be completed. Most LOS systems work more with the loan data than with the images or documents, making it a necessity for most mortgage professionals to have both an LOS and an imaging solution in order to have a complete electronic document management solution. In efforts to turn the physical, sequential process into a collaborative, parallel process, today s document management solutions eliminate the chaos and mystery behind the loan process. They facilitate improved collaboration between all participants affected by a loan, including lenders, aggregators, investors, brokers, title insurance agents, closing attorneys, real estate professionals, servicers, prospective homeowners, etc., by ensuring the necessary paperwork is received by each party, in the format each requires. As more stakeholders are involved in the paper-based document handling, chances for mistakes, miscommunication or missing documents increase significantly. Utilizing electronic document management solutions eliminates these issues, as well as offers the ability for real-time multi-participant collaboration for internal and external parties. In addition, organizational collaboration with appraisers, providers of VOEs, VOIs, and credit reports can be facilitated. Rating agencies and bond insurers can be allowed access to files, improving analysis quality and reducing turnaround Cost Savings Reducing onsite file storage can save a company s facilities costs up to $25,000 simply to fill a fourdrawer file and $2,100 per year to maintain it. 30% fewer errors in documents processed Results in a 10% reduction in overall operational expense for document processing in the past year. The cost of scanning or capturing a single document for the average company costs approximately 19 cents and takes 4 minutes. If a company handles 1.5 million documents a year, an image processing system has the potential savings of $285,000 per year. time. Underwriters, processors and account executives can share information, accelerating decisions or closing times, especially since the network platform is always available. Workflow features imbedded in the solution, including notifications and alerts, enable true collaboration between parties by sending notifications to participants when documents arrive, change or need attention. The electronic folder includes the documents and their contextual history, including when documents arrived, who processed them and relevant notes and conversations surrounding the documents, providing increased transparency to the entire loan package. According to Aberdeen Group, organizations with electronic document management systems can leverage a greater percentage of their business data and reported the largest gains in data visibility. An example of this capability can be seen inside a bank. With electronic systems, branches and bankers can clearly see the status of applications in the pipeline and answer questions such as: who is working on the deal, how long have they had it, are there any open questions or issues, what can be done to help speed up the process? Save resources and time with a cloud-based imaging solution Ultimately, the greater insight and transparency cloud-based document imaging solutions offer into loan documents produces faster approval processes, increased customer satisfaction and increased revenue for financial institutions. Implementing such a solution is imperative for mortgage companies that are struggling to find a solution to relieve the key business pains associated with an influx of paper and inefficient workflow processes. 5

6 About Capsilon Since 2004, San Francisco-based Capsilon has been a provider of cloud-based document sharing, imaging and collaboration solutions, enabling companies to complete business-critical transactions within and across organizations in less time than they could with other alternatives. Capsilon serves numerous market innovators including three of the 10 largest residential mortgage lenders in the United States. For more information about Capsilon, visit Capsilon Corp. Reference Nathaniel Rowe, Handling Paper in a Digital Age, Aberdeen Group, (February 2012). (http://www.kofax.com/downloads/white-papers/wp-aberdeen-handlingpaper-in-a-digital-age-the-impact-of-document-management-en.pdf) 6

Today s Document Management System

Today s Document Management System Today s Document Management System Go Paperless; Go to the Cloud; Go Mobile; Foster Collaboration Paper-based processes are costly and inefficient. To be successful in today s challenging mortgage environment,

More information

Products. LoanComplete TM Streamline Loan Processing, Reduce Costs and Ensure Regulatory Compliance with an Automated Life-of-Loan Solution

Products. LoanComplete TM Streamline Loan Processing, Reduce Costs and Ensure Regulatory Compliance with an Automated Life-of-Loan Solution Products LoanComplete TM Streamline Loan Processing, Reduce Costs and Ensure Regulatory Compliance with an Automated Life-of-Loan Solution Products The loan processing environment has become increasingly

More information

Document Imaging: The Origin of Streamlined, Effective Workflows John O Connor BenchMark Consulting International

Document Imaging: The Origin of Streamlined, Effective Workflows John O Connor BenchMark Consulting International Document Imaging: The Origin of Streamlined, Effective Workflows John O Connor BenchMark Consulting International In the years since the early adoption of document imaging, an evolution has transformed

More information

BlitzDocs Product Brief. Intelligent collaboration in the mortgage process

BlitzDocs Product Brief. Intelligent collaboration in the mortgage process BlitzDocs Product Brief Intelligent collaboration in the mortgage process Intelligent collaboration in the mortgage process Your business is specific to your processes and your trading partners. That is

More information

Residential Lending and Asset Management Solution for Investor-Owned Properties

Residential Lending and Asset Management Solution for Investor-Owned Properties & Residential ending and Asset Management Solution for Investor-Owned Properties www.therockportgroup.com/sfr Complete transaction lifecycle oversight for investor-owned residential lending and asset management.

More information

trumpet DOCUMENT MANAGEMENT: It s It's More Than Going Paperless

trumpet DOCUMENT MANAGEMENT: It s It's More Than Going Paperless trumpet d. 4 I DOCUMENT MANAGEMENT: It s It's More Than Going Paperless CONTENTS Executive Summary 1 Ease Compliance Concerns 2 Improve Productivity 2 Save Time and Money 3 Enhance Client Service & Grow

More information

Mortgage Lending in The Digital Era: Smart ways to improve origination, servicing, and transfer to the secondary market while reducing costs.

Mortgage Lending in The Digital Era: Smart ways to improve origination, servicing, and transfer to the secondary market while reducing costs. White Paper Mortgage Lending in The Digital Era: Smart ways to improve origination, servicing, and transfer to the secondary market while reducing costs. Samuel D. Baker Managing Principal, Xerox Global

More information

MORTGAGE LOAN ORIGINATION SOLUTIONS

MORTGAGE LOAN ORIGINATION SOLUTIONS MORTGAGE SOLUTIONS Technology, workflow and business strategies to impact your bottom line RUN YOUR BUSINESS AT A LOWER COST Your LOS shouldn t just originate, process and fund loans. It should be treated

More information

Annual Expense Management Outlook. T&E Trends and Benchmarks for 2015

Annual Expense Management Outlook. T&E Trends and Benchmarks for 2015 2015 Annual Expense Management Outlook T&E Trends and Benchmarks for 2015 Contents 3 Executive Summary 4 The Manual Expense Process 5 The Benefits of Web-Based Systems 7 Case Study: Superior Energy Services

More information

Connecting Systems, People and Processes with Workflow. Three Steps to Automated Success

Connecting Systems, People and Processes with Workflow. Three Steps to Automated Success Connecting Systems, People and Processes with Workflow Three Steps to Automated Success 01 02 03 Three Steps to Automated Success Connecting Systems, People and Processes with Workflow Excess demand is

More information

Why Consider Cloud-Based Applications?

Why Consider Cloud-Based Applications? Abstract Achieving success for today s compliance professional is both tougher and easier than ever. On one hand, there are more regulations and standards at almost every level, on the other, there are

More information

Product. Nautilus Enterprise Content Management for Paperless Lending Opening the Door to Paperless Loan Processing

Product. Nautilus Enterprise Content Management for Paperless Lending Opening the Door to Paperless Loan Processing Product Nautilus Enterprise Content Management for Paperless Lending Opening the Door to Paperless Loan Processing Product for Paperless Lending from Fiserv helps lenders save time and money and streamlines

More information

Storage Infrastructure as a Service

Storage Infrastructure as a Service The Best of Cloud and On-premises Storage www.nasuni.com Introduction Organizations rely on corporate data for everything from product design to order processing; it is their most valuable asset. Today

More information

document process automation

document process automation document process automation HP and Omtool offer integrated solutions for the capture, conversion, and distribution of business-critical documents. Hewlett Packard is focused on selling solutions to help

More information

Enterprise-Wide Benefits of Automated Client Onboarding

Enterprise-Wide Benefits of Automated Client Onboarding Solution Summary Enterprise-Wide Benefits of Automated Client Onboarding Wealth management firms are facing increasing pressure to reduce costs and increase sales while improving customer service levels.

More information

Going Paperless is a Necessity. Choosing the Right Solution Can Be a Science.

Going Paperless is a Necessity. Choosing the Right Solution Can Be a Science. Going Paperless is a Necessity. Choosing the Right Solution Can Be a Science. www.pegasustranstech.com I 866-503-5701 Going Paperless is a Necessity. Choosing the Right Solution Can Be a Science. By Bob

More information

Accounts Payable Automation 7 Ways Automation Can Reduce Pain Points in Accounts Payable. Ebook

Accounts Payable Automation 7 Ways Automation Can Reduce Pain Points in Accounts Payable. Ebook Accounts Payable Automation 7 Ways Automation Can Reduce Pain Points in Accounts Payable Ebook Table of Contents Introduction #1 Improve Monitoring of Invoices #2 Improve Visibility & Control #3 Faster

More information

Are your brokerage feeds putting your data at risk? Exploring brokerage feed options

Are your brokerage feeds putting your data at risk? Exploring brokerage feed options Are your brokerage feeds putting your data at risk? Exploring brokerage feed options As a compliance officer, determining which brokerages to include in your personal trading policy is an important step

More information

WHITE PAPER BUILDING A BUSINESS CASE FOR PAPERLESS TREASURY SOLUTIONS

WHITE PAPER BUILDING A BUSINESS CASE FOR PAPERLESS TREASURY SOLUTIONS WHITE PAPER BUILDING A BUSINESS CASE FOR PAPERLESS TREASURY SOLUTIONS 2014 WAUSAU FINANCIAL SYSTEMS, INC. All Rights Reserved. All other copyrights cited herein are the property of their respective owners.

More information

Optimizing the Loan Production Equation: Practical Strategies for Producing Higher Quality Loans Faster

Optimizing the Loan Production Equation: Practical Strategies for Producing Higher Quality Loans Faster Optimizing the Loan Production Equation: Practical Strategies for Producing Higher Quality Loans Faster Mortgage lenders are more concerned than ever about loan quality. A heightened focus on loan quality

More information

A Brief on the Benefits of Going Green and Taking Your Market Paperless. Why Deploy Document Management in Your Market

A Brief on the Benefits of Going Green and Taking Your Market Paperless. Why Deploy Document Management in Your Market A Brief on the Benefits of Going Green and Taking Your Market Paperless Why Deploy Document Management in Your Market March 11, 2009 Introduction As a leader in your organization and your community, you

More information

DIGITALLY ENABLED TRANSFORMATION PROGRAMS MUST ALIGN WITH BUSINESS OUTCOMES

DIGITALLY ENABLED TRANSFORMATION PROGRAMS MUST ALIGN WITH BUSINESS OUTCOMES CAN MORTGAGE LENDERS STAY COMPETITIVE WITH BETTER PROCESS AND TECHNOLOGY? A report from genpact.com/leandigital for MORTGAGE LENDING IS AT A CROSSROADS. CUSTOMER SATISFACTION DRIVES MARKET SHARE FOR MORTGAGE

More information

The process of. The Software-as-a- Cloud-Based Software Model. Service Model

The process of. The Software-as-a- Cloud-Based Software Model. Service Model In recent years, financial institutions (FIs) have become accustomed to the idea of outsourcing aspects of their operations through cloud computing partnerships in order to increase efficiency, reduce

More information

5 STEPS TO OPTIMIZING YOUR COMMERCIAL LENDING ORGANIZATION

5 STEPS TO OPTIMIZING YOUR COMMERCIAL LENDING ORGANIZATION 5 STEPS TO OPTIMIZING YOUR COMMERCIAL LENDING ORGANIZATION Table of Contents INCREASE SPEED & ACCURACY WITH ELECTRONIC DOCUMENTS AUTOMATICALLY ROUTE DOCUMENTATION THROUGH PROCESSES WITH WORKFLOW COMPLY

More information

SymmetryCRMTM. Loan management platform. www.stargategroup.com.au. For originators, aggregators, brokers and fi nancial services providers

SymmetryCRMTM. Loan management platform. www.stargategroup.com.au. For originators, aggregators, brokers and fi nancial services providers SymmetryCRMTM Loan management platform For originators, aggregators, brokers and fi nancial services providers www.stargategroup.com.au 1 SYMMETRYCRM. Symmetry is the premier loan management tool designed

More information

A White Paper for Business Decision Makers

A White Paper for Business Decision Makers A White Paper for Business Decision Makers Cost-Effective Document Management Solutions for Business-Critical Processes Part II Leveraging Today s Enterprise SaaS Content Management Solutions to Support

More information

How to Go Paperless In Three Simple Steps: A Guide for Small Businesses

How to Go Paperless In Three Simple Steps: A Guide for Small Businesses How to Go Paperless In Three Simple Steps: A Guide for Small Businesses Page 1 Contents Why DocuWare... 3 Managing Information A Growing Problem for Businesses... 3 Step 1 Pick a business process... 4

More information

15-Minute Guide to Instant Document Management in the Public Sector

15-Minute Guide to Instant Document Management in the Public Sector 15-Minute Guide to Instant Document Management in the Public Sector Table of Contents There s no replacing paper............................................. 4 Instant document management taking the pain

More information

OneContent 17.0 Manage Content Across The Enterprise

OneContent 17.0 Manage Content Across The Enterprise Care Providers - Hospitals Enterprise Content Management / Document Management OneContent 17.0 Manage Content Across The Enterprise Benefits OneContent helps organizations: Healthcare organizations generate

More information

make your information work kfor you Place image here

make your information work kfor you Place image here 8 things that can help make your information Place image here work kfor you 2009 Iron Mountain Incorporated. All rights reserved. Iron Mountain and the design of the mountain are registered trademarks

More information

What If You Could Streamline Treasury Onboarding? September 16, 2015

What If You Could Streamline Treasury Onboarding? September 16, 2015 What If You Could Streamline Treasury Onboarding? September 16, 2015 Agenda Agenda Topics Introduction Details Participant Introductions Treasury Strategies Survey: Paperless Onboarding Impact on Customer

More information

Introduction A BUYER S GUIDE TO DOCUMENT MANAGEMENT

Introduction A BUYER S GUIDE TO DOCUMENT MANAGEMENT 1 Introduction There are few initiatives that can deliver more productivity and security to a business than implementing an Electronic Document Management System (also known as an Electronic Content Management

More information

Achieving Cost Improvements and Bank Operational Efficiencies

Achieving Cost Improvements and Bank Operational Efficiencies Achieving Cost Improvements and Bank Operational Efficiencies May 12, 2015 Audit Tax Advisory Risk Performance 2015 Crowe Horwath LLP 1 Session Description With banks experiencing slow revenue growth,

More information

BEST PRACTICES IN AP AUTOMATION

BEST PRACTICES IN AP AUTOMATION MINUTE READ TIME WHITE PAPER ACCOUNTS PAYABLE BEST PRACTICES IN AP AUTOMATION Consolidating Workflow Outside ERP Systems www.esker.com BEST PRACTICES IN AP AUTOMATION Consolidating Workflow Outside ERP

More information

Global Headquarters: 5 Speen Street Framingham, MA 01701 USA P.508.872.8200 F.508.935.4015 www.idc.com

Global Headquarters: 5 Speen Street Framingham, MA 01701 USA P.508.872.8200 F.508.935.4015 www.idc.com Global Headquarters: 5 Speen Street Framingham, MA 01701 USA P.508.872.8200 F.508.935.4015 www.idc.com W H I T E P A P E R T h e B e n e f i t s o f C l o u d - B a s e d B a c k u p : A d d r e s s i

More information

EMC DOCUMENTUM Capital Projects Express. KEEP YOUR PROJECTS ON TRACK Flexible Document Control for Agile Teams

EMC DOCUMENTUM Capital Projects Express. KEEP YOUR PROJECTS ON TRACK Flexible Document Control for Agile Teams EMC DOCUMENTUM Capital Projects Express KEEP YOUR PROJECTS ON TRACK Flexible Document Control for Agile Teams SHARE THE CHALLENGES OF CAPITAL PROJECTS Managing capital projects, no matter their size or

More information

Speed the transition to an electronic environment. Comprehensive, Integrated Management of Physical and Electronic Documents

Speed the transition to an electronic environment. Comprehensive, Integrated Management of Physical and Electronic Documents DOCUMENT MANAGEMENT SOLUTIONS Speed the transition to an electronic environment Comprehensive, Integrated Management of Physical and Electronic Documents Store, protect and control your essential business

More information

Compliance Management EFFECTIVE MULTI-CUSTODIAL COMPLIANCE AND SALES SURVEILLANCE

Compliance Management EFFECTIVE MULTI-CUSTODIAL COMPLIANCE AND SALES SURVEILLANCE Compliance Management EFFECTIVE MULTI-CUSTODIAL COMPLIANCE AND SALES SURVEILLANCE Broker-dealers that have implemented best practices consistently report that they have increased confidence in their ability

More information

DocuLex. DocuLex. Instant Document Access. Anytime, Anywhere. Instant Document Access. Anytime, Anywhere. Document Management Software

DocuLex. DocuLex. Instant Document Access. Anytime, Anywhere. Instant Document Access. Anytime, Anywhere. Document Management Software Instant Document Access. Anytime, Anywhere. DocuLex DocuLex TM Document Management Software Document Management Software Instant Document Access. Anytime, Anywhere. Bringing Order to the Enterprise: A

More information

WHY CLOUD COMPUTING MAKES SENSE FOR NONPROFITS

WHY CLOUD COMPUTING MAKES SENSE FOR NONPROFITS WHY CLOUD COMPUTING MAKES SENSE FOR NONPROFITS Nonprofits are experiencing increased pressure, oversight, and demand for transparency from all sides. Whether the focus is government compliance, competition

More information

ECM AS A CLOUD PLATFORM:

ECM AS A CLOUD PLATFORM: ECM AS A CLOUD PLATFORM: KEEP IT SIMPLE TABLE OF CONTENTS ECM as a Cloud Platform 2 What is a Cloud Platform? 2 What is a Cloud Application? 3 SpringCM The World s Leading ECM Cloud Platform Provider 6

More information

Mobile Device Management

Mobile Device Management Mobile Device Management Complete remote management for company devices Corporate and personal mobile devices (commonly referred to as Bring Your Own Device, or BYOD) must be provisioned, configured, monitored,

More information

Sage X3. Enterprise Business Management Solutions in the 21st Century: Key Buying Considerations

Sage X3. Enterprise Business Management Solutions in the 21st Century: Key Buying Considerations Sage X3 Enterprise Business Management Solutions in the 21st Century: Table of Contents 3 Legacy Systems are Good to a Point 3 On-Premise or Cloud: Which Option makes Sense 4 The Modern Business Management

More information

Effective Storage Management for Cloud Computing

Effective Storage Management for Cloud Computing IBM Software April 2010 Effective Management for Cloud Computing April 2010 smarter storage management Page 1 Page 2 EFFECTIVE STORAGE MANAGEMENT FOR CLOUD COMPUTING Contents: Introduction 3 Cloud Configurations

More information

The CRM that Defines Innovation. Bill Armistead, Product Sales Specialist CONNECTIONS

The CRM that Defines Innovation. Bill Armistead, Product Sales Specialist CONNECTIONS The CRM that Defines Innovation Bill Armistead, Product Sales Specialist CONNECTIONS The CRM that Defines Innovation What is CONNECTIONS? CRM (Customer Relationship Management) Enterprise-wide, web-based,

More information

ADVANCED SOLUTIONS FOR LEGAL PROFESSIONALS. Law Offices Corporate Legal Departments Legal Support Services Sole Practitioners

ADVANCED SOLUTIONS FOR LEGAL PROFESSIONALS. Law Offices Corporate Legal Departments Legal Support Services Sole Practitioners ADVANCED SOLUTIONS FOR LEGAL PROFESSIONALS Law Offices Corporate Legal Departments Legal Support Services Sole Practitioners ADVANCED SOLUTIONS FOR LEGAL PROFESSIONALS The legal world is paper intense.

More information

IT INFRASTRUCTURE MANAGEMENT SERVICE ADDING POWER TO YOUR NETWORKS

IT INFRASTRUCTURE MANAGEMENT SERVICE ADDING POWER TO YOUR NETWORKS IT INFRASTRUCTURE MANAGEMENT SERVICE ADDING POWER TO YOUR NETWORKS IT INFRASTRUCTURE MANAGEMENT SERVICES Nortech Remote management IT security Services provide around clock remote Management, real time

More information

See all, manage all is the new mantra at the corporate workplace today.

See all, manage all is the new mantra at the corporate workplace today. See all, manage all is the new mantra at the corporate workplace today. 1) Do you want to schedule backups, software updates using just one consistent automation platform? 2) Do you want a product that

More information

BEACON Loan Management Platform. The faster, smarter and cost-effective way to automate your lending business

BEACON Loan Management Platform. The faster, smarter and cost-effective way to automate your lending business BEACON Loan Management Platform The faster, smarter and cost-effective way to automate your lending business Faster processing, better oversight & superior risk control Given the rapid growth of NBFC lending

More information

Intacct Financial Management and Accounting System

Intacct Financial Management and Accounting System Intacct Financial Management and Accounting System Intacct is the award winning cloud financial management and accounting system specifically designed to help small and midsized enterprises improve company

More information

Comprehensive software solutions for insurance

Comprehensive software solutions for insurance Innovation Simplicity Customer Experience Comprehensive software solutions for insurance Let our targeted solutions improve your margins and increase user engagement, throughout the insurance value chain.

More information

GET CLOUD EMPOWERED. SEE HOW THE CLOUD CAN TRANSFORM YOUR BUSINESS.

GET CLOUD EMPOWERED. SEE HOW THE CLOUD CAN TRANSFORM YOUR BUSINESS. GET CLOUD EMPOWERED. SEE HOW THE CLOUD CAN TRANSFORM YOUR BUSINESS. Cloud computing is as much a paradigm shift in data center and IT management as it is a culmination of IT s capacity to drive business

More information

Kofax White Paper. Transforming the First Mile : Kofax Customer Onboarding for Financial Services

Kofax White Paper. Transforming the First Mile : Kofax Customer Onboarding for Financial Services Kofax White Paper Transforming the First Mile : Kofax Customer Onboarding for Financial Services Executive Summary Customer onboarding is one of the most important events in the life cycle of a banking

More information

How Small Business Owners Can Save Time and Money by Going Paperless

How Small Business Owners Can Save Time and Money by Going Paperless How Small Business Owners Can Save Time and Money by Going Paperless Part I: What is Paperless and Why is It Important? All small business owners strive to efficiently run their businesses. Time wasted

More information

OVERVIEW. Rawafid Inc. Page 1 of 9

OVERVIEW. Rawafid Inc. Page 1 of 9 Company Profile OVERVIEW Rawafid Inc. is a system integration company based on Kuwait focusing on Enterprise Content Management (ECM) Solutions. ECM enables organizations to grow the business, lower costs

More information

Document Archiving White Paper. Secure. Accessible. Reliable

Document Archiving White Paper. Secure. Accessible. Reliable Document Archiving White Paper Secure Accessible Reliable Table of Contents IS THERE A SIMPLE WAY TO ARCHIVE PAPER DOCUMENTS ELECTRONICALLY?... 3 HOW IT WORKS... 3 WHAT PROCESSES CAN YOU AUTOMATE?... 6

More information

MainSource Financial Group

MainSource Financial Group Background: Annual Revenue: Location: (MainSource) is the premier community financial services company in the Midwest. MainSource has been in business for 25 years, and has more than 70 branches in Indiana,

More information

A Modern Approach for Corporations Facing the Demands of Litigation

A Modern Approach for Corporations Facing the Demands of Litigation A Modern Approach for Corporations Facing the Demands of Litigation The first pure Software-as-a-Service (SaaS) e-discovery technology designed to help in-house legal teams face the increased risk and

More information

E-signatures and sales: How IT can enable the business to close deals faster

E-signatures and sales: How IT can enable the business to close deals faster E-signatures and sales: How IT can enable the business to close deals faster The wait for signatures grinds the sales cycle to a halt. But IT has the power to solve the problem by leveraging efficient

More information

Successfully managing geographically distributed development

Successfully managing geographically distributed development IBM Rational SCM solutions for distributed development August 2004 Successfully managing geographically distributed development Karen Wade SCM Product Marketing Manager IBM Software Group Page 2 Contents

More information

Antenna s AMPower Sales to Mobilize Oracle s Siebel CRM On Demand Solution

Antenna s AMPower Sales to Mobilize Oracle s Siebel CRM On Demand Solution Real-Time Business Metrics and Customer Data on BlackBerry Handheld Devices Sparks Productivity and Efficiency of Sales Managers Case Study: DIRECTV Installs Antenna s AMPower Sales to Mobilize Oracle

More information

AP Invoice Automation

AP Invoice Automation AP Invoice Automation Finance and Accounting Solutions Document Management Software for Microsoft Windows Reduce cost and increase accuracy Accounts Payable Invoice Automation Introducing Accounts Payable

More information

Director, Value Engineering

Director, Value Engineering Director, Value Engineering April 25 th, 2012 Copyright OpenText Corporation. All rights reserved. This publication represents proprietary, confidential information pertaining to OpenText product, software

More information

White Paper: Nasuni Cloud NAS. Nasuni Cloud NAS. Combining the Best of Cloud and On-premises Storage

White Paper: Nasuni Cloud NAS. Nasuni Cloud NAS. Combining the Best of Cloud and On-premises Storage Combining the Best of Cloud and On-premises Storage Introduction Organizations rely on corporate data for everything from product design to order processing. Files are the lifeblood of the modern enterprise

More information

Cloud Computing Safe Harbor or Wild West?

Cloud Computing Safe Harbor or Wild West? IT Best Practices Series Cloud Computing Safe Harbor or Wild West? With IT expenditures coming under increasing scrutiny, the cloud is being sold as an oasis of practical solutions. It s true that many

More information

CLOUD AUTOMATION. How Cloud Automation Can Help You Scale Your IT Services

CLOUD AUTOMATION. How Cloud Automation Can Help You Scale Your IT Services CLOUD AUTOMATION How Cloud Automation Can Help You Scale Your IT Services TABLE OF CONTENTS Introduction 03 Business Benefits 07 Administrator Benefits 11 Technical Considerations 14 Conclusion 17 2 INTRODUCTION

More information

5 Proven Ways to Cut. Contents: Hidden Savings. Think Inside the Box.

5 Proven Ways to Cut. Contents: Hidden Savings. Think Inside the Box. Contents: Hidden Savings 5 Proven Ways to Cut costs with Records Management Efficiencies Read this report to learn: Hidden cost savings opportunities for companies like yours Real-world examples and research

More information

Finding Nirvana in AP Automation and Outsourcing

Finding Nirvana in AP Automation and Outsourcing WHITE PAPER Finding Nirvana in AP Automation and Outsourcing Gaining Control By Letting Go Nirvana: Joy, freedom from pain and worry an end to suffering. Suffering is something with which many Accounts

More information

A Clear View Of Healthcare Claims

A Clear View Of Healthcare Claims A Clear View Of Healthcare Claims An Inside Look at The New Tools and Solutions Health Insurance Companies Are Utilizing to Operationalize Back-Office Processing Healthcare organizations today are challenged

More information

Analysis. The Opportunity to Automate Accounts Payable. January 2014. Service Areas. Comments or Questions? Digital Peripherals Solutions

Analysis. The Opportunity to Automate Accounts Payable. January 2014. Service Areas. Comments or Questions? Digital Peripherals Solutions Analysis January 2014 The Opportunity to Automate Accounts Payable Service Areas Digital Peripherals Solutions Network Document Solutions Professional & Managed Print Services Comments or Questions? Table

More information

Gain a competitive advantage.

Gain a competitive advantage. Fully Integrated, End-to-End Business Management Provide a higher level of customer service. Improve internal business process. Improve bottom line. Gain a competitive advantage. End-to-End Business management

More information

Whitepaper Why Cloud Computing Makes Sense for Ambulatory Surgery Centers

Whitepaper Why Cloud Computing Makes Sense for Ambulatory Surgery Centers Whitepaper Why Cloud Computing Makes Sense for Ambulatory Surgery Centers Executive Summary As an industry, healthcare institutions have traditionally invested in technology at a rate which is far less

More information

A PLUMSLICE GUIDE WHAT YOU NEED TO CONSIDER BEFORE MOVING TO CLOUD COMPUTING SOLUTIONS GETTING CLEAR ON THE CLOUD

A PLUMSLICE GUIDE WHAT YOU NEED TO CONSIDER BEFORE MOVING TO CLOUD COMPUTING SOLUTIONS GETTING CLEAR ON THE CLOUD A PLUMSLICE GUIDE WHAT YOU NEED TO CONSIDER BEFORE MOVING TO CLOUD COMPUTING SOLUTIONS GETTING CLEAR ON THE CLOUD INTRODUCTION Whether you re an entrepreneur building your first business or a company on

More information

Take Your Tax Practice to New Heights

Take Your Tax Practice to New Heights Take Your Tax Practice to New Heights TM AgileTax.com AGILE TAX Agile Tax is the first professional tax software designed exclusively for the cloud. The intuitive, easy-to-use online software takes full

More information

A White Paper for Business Decision Makers

A White Paper for Business Decision Makers A White Paper for Business Decision Makers Cost-Effective Document Management Solutions for Business-Critical Processes Part III Guidelines for Choosing an Online Workspace Provider for Critical Information

More information

Silanis E-Signature Solution Automates E-Contracting for a Top 20 Government Contractor

Silanis E-Signature Solution Automates E-Contracting for a Top 20 Government Contractor Silanis E-Signature Solution Automates E-Contracting for a Top 20 Government Contractor Industry: Government & Defense Contracting Process: Electronic Contracting Company: A Top 20 Government Contractor

More information

The 5 biggest mistakes

The 5 biggest mistakes The 5 biggest mistakes lawyers in all practice areas make ( and how to fix them ) Being a lawyer, you have a good understanding of the law, excellent people skills (your clients are delighted with your

More information

Financial Services. Market Insights, Drivers & Best Practices

Financial Services. Market Insights, Drivers & Best Practices Financial Services Market Insights, Drivers & Best Practices Purpose This guide provides key insights for digital marketing practitioners and executives working in the Financial Services industry. Those

More information

CrossPoint for Managed Collaboration and Data Quality Analytics

CrossPoint for Managed Collaboration and Data Quality Analytics CrossPoint for Managed Collaboration and Data Quality Analytics Share and collaborate on healthcare files. Improve transparency with data quality and archival analytics. Ajilitee 2012 Smarter collaboration

More information

Document Management Software ROI

Document Management Software ROI Document Management Software ROI More than 50 years ago, copy machines found their way into American offices. Twenty years later, the personal computer and word processor entered the fray, followed closely

More information

Top 10 Ways. Operational Software Can Boost a Contractor s Bottom Line

Top 10 Ways. Operational Software Can Boost a Contractor s Bottom Line Top 10 Ways Operational Software Can Boost a Contractor s Bottom Line Top 10 Ways Operational Software Can Boost a Contractor s Bottom Line Switching to a new operational software solution is a big step

More information

Top Five Ways Any Business Can Benefit from Box

Top Five Ways Any Business Can Benefit from Box Top Five Ways Any Business Can Benefit from Box Every business, no matter what size, has documents and information that are the foundation of the company. Team members need to access and collaborate on

More information

MOVING BEYOND QUICKBOOKS: Why now s the time to graduate to professional financial management software

MOVING BEYOND QUICKBOOKS: Why now s the time to graduate to professional financial management software MOVING BEYOND QUICKBOOKS: Why now s the time to graduate to professional financial management software Summary Most small businesses begin their financial lives using Intuit s QuickBooks, which with an

More information

Solutions. Item Processing Solutions Streamlined Check Processing From Capture to Clearing

Solutions. Item Processing Solutions Streamlined Check Processing From Capture to Clearing Solutions Item Processing Solutions Streamlined Check Processing From Capture to Clearing Solutions The continued migration to image-based processing, combined with the need for cost reduction and risk

More information

Enterprise Document Management

Enterprise Document Management The Challenge of Enterprise Document Management and On-demand Access Document management controls the life cycle of documents how they are created, reviewed, and published, and how they are ultimately

More information

The Phoenix Corporate Legal Suite. Efficient Document, Email, and Matter Management for Law Departments and In-house Counsel

The Phoenix Corporate Legal Suite. Efficient Document, Email, and Matter Management for Law Departments and In-house Counsel The Phoenix Corporate Legal Suite Efficient Document, Email, and Matter Management for Law Departments and In-house Counsel The Phoenix Corporate Legal Suite empowers your teams with: Document and Email

More information

Document Management on the Cloud

Document Management on the Cloud Document Management on the Cloud Digitizing Business Processes to Satisfy Today s Growing Demands A SutiSoft, Inc. Whitepaper December 2014 Table of Contents Introduction... 3 1. The eed for Digitization...

More information

How On-Premise ERP Deployment Compares to a Cloud (SaaS) Deployment of Microsoft Dynamics NAV

How On-Premise ERP Deployment Compares to a Cloud (SaaS) Deployment of Microsoft Dynamics NAV How On-Premise ERP Deployment Compares to a Cloud (SaaS) Deployment of Microsoft Dynamics NAV 13875 Cerritos Corporate Dr., #A Cerritos, CA 90703 Toll Free : (800) 969-APEX Tel : (562) 926-6820 E-mail

More information

EARLYRESOLUTION DEFAULT MANAGEMENT ACROSS MULTIPLE CHANNELS DRIVE HIGHER PERFORMANCE

EARLYRESOLUTION DEFAULT MANAGEMENT ACROSS MULTIPLE CHANNELS DRIVE HIGHER PERFORMANCE EARLYRESOLUTION DEFAULT MANAGEMENT DRIVE HIGHER PERFORMANCE ACROSS MULTIPLE CHANNELS R DRIVE HIGHER PERFORMANCE ACROSS MULTIPLE CHANNELS It s been a wild ride lately in the mortgage servicing industry.

More information

SAP Solution Brief SAP Solutions for Sustainability. Pave the Way for IT Innovation by Reducing Cost, Risk, and Energy Use

SAP Solution Brief SAP Solutions for Sustainability. Pave the Way for IT Innovation by Reducing Cost, Risk, and Energy Use SAP Brief SAP s for Sustainability Objectives Pave the Way for IT Innovation by Reducing Cost, Risk, and Energy Use Charting the course for sustainable IT Charting the course for sustainable IT IT organizations

More information

Go Paperless. Save time and money by eliminating filing cabinets and organizing files electronically.

Go Paperless. Save time and money by eliminating filing cabinets and organizing files electronically. Go Paperless Save time and money by eliminating filing cabinets and organizing files electronically. Search and find information instantly Research has shown that more than 50% of business professionals

More information

Effective storage management and data protection for cloud computing

Effective storage management and data protection for cloud computing IBM Software Thought Leadership White Paper September 2010 Effective storage management and data protection for cloud computing Protecting data in private, public and hybrid environments 2 Effective storage

More information

Bringing Your Documents into the Digital Age. Paperless Office... Fact or Fantasy. An overview of Electronic Document and Records Management

Bringing Your Documents into the Digital Age. Paperless Office... Fact or Fantasy. An overview of Electronic Document and Records Management Bringing Your Documents into the Digital Age Paperless Office... Fact or Fantasy An overview of Electronic Document and Records Management Paperless Office... Fact or Fantasy Technical Article Written

More information

SPEED AND EASE Spreadsheets. Workflow Apps. SECURITY Spreadsheets. Workflow Apps

SPEED AND EASE Spreadsheets. Workflow Apps. SECURITY Spreadsheets. Workflow Apps are often billed as simple, easy-to-use solutions, so many organizations leverage them as a tool for tracking and managing their data and processes. Unfortunately, spreadsheets have some limitations that

More information

The case for cloud-based data backup

The case for cloud-based data backup IBM Global Technology Services IBM SmartCloud IBM Managed Backupi The case for cloud-based data backup IBM SmartCloud Managed Backup offers significant improvement over traditional data backup methods

More information

The Transition from Paper to Painless

The Transition from Paper to Painless WHITE PAPER Accounts Payable Automation: The Transition from Paper to Painless ABSTRACT This white paper takes a comprehensive look into how businesses can leverage AP Automation to reduce costs, enhance

More information

Create Operational Flexibility with Cost-Effective Cloud Computing

Create Operational Flexibility with Cost-Effective Cloud Computing IBM Sales and Distribution White paper Create Operational Flexibility with Cost-Effective Cloud Computing Chemicals and petroleum 2 Create Operational Flexibility with Cost-Effective Cloud Computing Executive

More information

How Cisco IT Uses SAN to Automate the Legal Discovery Process

How Cisco IT Uses SAN to Automate the Legal Discovery Process How Cisco IT Uses SAN to Automate the Legal Discovery Process Cisco dramatically reduces the cost of legal discovery through better data management. Cisco IT Case Study / Storage Networking / : This case

More information

OPENING NEW DOORS TO A BETTER WAY OF MORTGAGE BANKING FOR ALL YOUR HOME LENDING NEEDS!

OPENING NEW DOORS TO A BETTER WAY OF MORTGAGE BANKING FOR ALL YOUR HOME LENDING NEEDS! OPENING NEW DOORS TO A BETTER WAY OF MORTGAGE BANKING FOR ALL YOUR HOME LENDING NEEDS! Welcome to On Q Financial. Mortgages Simplified. We want to open new doors as your preferred mortgage banker! Our

More information

Litigation Solutions. insightful interactive culling. distributed ediscovery processing. powering digital review

Litigation Solutions. insightful interactive culling. distributed ediscovery processing. powering digital review Litigation Solutions insightful interactive culling distributed ediscovery processing powering digital review TECHNOLOGY ASSISTED REVIEW Eclipse combines advanced analytic technology with machine learning

More information