Client Case Studies

Imaging Solutions helps automate New Account Process for Asset Management Firm.

Industry:  Financial Services

Applications:  New Account Opening Process

Company:  Very Large Asset Management/Financial Banking Institution

Challenge:  This bank business is characterized by the need to process large volumes of information and documentation in order to set up a new investment account. Seeking a way to gain greater control over and access to the documents and information upon which its business depends, this firm’s established goals are to provide a better way to store and access documents, reduce the costs and time associated with operating with paper files, leverage technology to better control and automate processes to improve operational efficiencies.

Solution:  Imaging Solutions, Inc. designed a solution that provides every authorized user with electronic access to all documents and related information. Using a suite of document management and imaging software, scanner and storage products, the solution provides for the capture, storage and retrieval of both paper and electronic documents. Having made the documents available electronically, Imaging Solutions then provided further processing efficiency by using electronic forms and workflow technology to automate the New Accounts process.

Results:  The solution successfully met the project goals and provides management with enhanced capabilities to handle the increased document volumes and processing demands generated by the rapid growth in the managed accounts sector of the investment management industry. Use of the workflow system allows new account set-up time to be reduced and decreases the time it takes to prepare an account for trading. Time to trade securities is a significant profit benefit.

For more information, contact Imaging Solutions at 203-294-6300 or visit us at www.imagingsolutions.com.