Financial Services Document Solutions
Banking and financial institutions deal with a plethora of client paperwork and records. Banks have to keep record of every client transaction that occurs and without an automated process, entering this data can be a time-consuming and error-prone process for employees. Financial services companies are required to keep records of all correspondence between clients, along with all the paperwork concerning their clients’ financial policies. If these documents are stored in paper files, this can lead to a significant accumulation of physical files, costing the business in storage space, and likely requiring them to pay for secure offsite storage. Along with that comes the burden of retrieving these documents should they be needed by an advisor or client, or requested during an audit. The old-fashioned method of storing records simply isn’t conducive to running an efficient financial company in today’s world.
Automate Signature Extraction
Auto-Route Documents to Storage
Secure and Compliant Document Processes
The Lake City Federal Bank Solution
"PSIGEN is integrated into the total solution so well that most of the employees here don’t even know it’s there.”Jeff Coats, CFO of Lake City Federal Bank.
What can a banking institution gain from implementing a PSIGEN solution?
- Eliminate cost of printing transaction-related documents
- Reduce the time it takes to perform a transaction for a customer
- Eliminate the need to manually enter each customer transaction
- Automatically capture and extract transaction data and route it to your repository
- Easily transform documents into searchable digital files that can be quickly retrieved from your document management system
What can a financial services company gain from implementing a PSIGEN solution?
- Eliminate the need to pay for excessive printing and costly storage space for client documents
- Automatically capture documents and extract relevant data to be routed to your document management system
- Quickly access all of a client’s data from one central location, even during an out-of-office meeting, and remain compliant with FINRA and SEC guidelines
- Significantly speed up the audit process by allowing auditors to access documents electronically instead of sorting through thousands of paper files