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Dormant Account Issues and Paper Files

Question: 
How are dormant accounts impacted by paper files?
Answer: 

Dormant accounts are difficult to manage in a paper-only setting. For starters, restricting access can be a very time-intensive and inaccurate process. Someone must physically go to the records room, locate files, and determine next steps. If the bank's tickler is inaccurate or overlooked, this review process may fail to occur, which presents new risks.

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Read about dormant account management.

Vendor: 

AccuSystems develops document management and exception tracking software for financial institutions. Trusted by more than 15,000 bankers worldwide, AccuAccount automates exception tracking, streamlines audits, and simplifies loan imaging. Request a demo, register for a webinar, or download a free whitepaper.

First published on 05/27/2018

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