Expert Article: Paper vs. Electronic Loan Files

Banks continue to search for ways to optimize workflow processes.  Within the last decade, there has been considerable growth in the integration of digital imaging systems to manage loan files and other important documents.  Such systems have been shown to reduce administrative costs and enhance bank operations. 

Alan Wooldridge, Co-President of AccuSystems, recently published an article called "Loan Files - Automation Through Digitization at Banks".  In this article, Mr. Wooldridge provides a banking software vendor's perspective for evaluating loan file systems.  For banks considering document management systems, this resource could serve as a valuable tool.  The following topics are covered in this article about loan files:

• FAQs About Loan Files - Common questions banks should consider before "going paperless"

• Digitizing the Loan Approval Process - Banks can streamline all aspects of the loan management process through imaging, including approvals.

• Customization Is Key - Setting up loan files to match your workflow needs is important.  This can be automated through with imaging systems.

To read the article in its entirety, click here or visit the original URL below.

http://ezinearticles.com/?Loan-Files---Automation-Through-Digitization-at-Banks&id=6097203