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Trusts and paper files

Question: 
Why does maintaining trust documentation exclusively in paper format lead to operational issues?
Answer: 

Trusts can be very paper-intensive, but maintaining records exclusively in paper format can create numerous bottlenecks for financial institutions. For example, finding a specific receipt from last year could require considerable searching through dozens or hundreds of hard copy records. Paper documents can only be in one place at one time, which inhibits information sharing between teams and branches.

Learn more about trust document management.

Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

marketing@alogent.com
+1-678-966-0844

First published on 06/23/2024

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