The financial sector has made great strides in leveraging technology to get to the point where it is today. But, it cannot stop here. Technology will keep on evolving, and the financial industry must make every effort to keep up. One important factor here is the transformation of paper based document workflows to digital workflows. As a result, scanning has emerged as a critical business process for the financial sector and PDF has been adopted as the file format of choice for filing and archiving.

The financial sector
Banks, investment firms, and mortgage companies share the same two challenges in which technology can help: competition and compliance with government regulations. Online access to banks and investment firms has changed the industry into a real-time electronic marketplace. This has led to strong competition and given clients the ability to easily compare companies. Without technology, compliance with government regulations is nearly impossible, because businesses in the financial sector are mandated to maintain documents and records. It would require entire buildings to store these documents in paper form. An important factor here is the transformation of paper based document workflows to digital workflows, thus giving easy access to needed documents in order to overcome all challenges ahead. DigiDocFlow is an easy and affordable solution of which the financial sector can benefit by scanning paper documents into a digital archive. With DigiDocFlow, there is no client software to install and no product training is necessary, so everyone can use it straight away.
 

Key business challenges
• Create audit trails
• Control over access to information
• Enable easier sharing of information
• Documentation mandates regarding security and access

Benefits
• Increase information security
• Bates stamps and audit trail creation
• Quicker handling of requests for information
• Scan directly into business applications, like Sage

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