Banking & Financial Services
The financial industry is a forms-intensive business. Banks, brokerage firms, insurance agencies, and other financial organizations are increasingly challenged by large numbers of records—often thousands of documents per week, including accounts payable documents, personnel records, customer signature cards, and loan applications.
With the DataMagine solution, all the paper files can be converted into digital documents, eliminating the need for time-wasting manual searches and reducing human error. The DataMagine document routing system is especially valuable in the loan department, where applications and approval documents can be electronically routed to employees at branches throughout the country. Built-in flags and digital reminders instruct viewers to take a particular action. The DataMagine solution also integrates seamlessly with a variety of financial software, such as Infinium and ADP.
Benefits to the banking & financial services industry include:
- Instant access to loan files and other records
- Increased efficiency
- Regulatory compliance
- Reduction in filing and administrative errors
- Elimination of paper record storage
- Improved customer relationships