Financial Services

Financial Services

Digital Transformation for the Financial Industry

Financial Institutions like wealth management, investment services, mortgage and brokerage firms are document-intensive businesses with complex workflows and strict requirements for document security and process auditability.

Compliance with regulatory laws such as Graham-Leach-Bliley, SEC 17a-3 and 17a-4, The Patriot Act, Sarbanes-Oxley sections 302 and 404 for public companies, IRS Rev. Proc. 97-22 and NASD 3010 & NYSE 342 place an exceptional burden on financial services companies to ensure the security of their data and documents and maintain clear audit trails.

Whether relying on paper or digital files, financial services firms need intelligent finance and accounting workflow automation tools to efficiently control, manage and scale their operations, all while achieving timely access to relevant business intelligence.

Achieving Greater Efficiency, Visibility and Scalability Through Automation

Today’s digital transformation technology incorporates intelligent data extraction capabilities, enabling financial services firms to handle a wide range of unstructured data trapped in scanned paper or digital documents and correspondence. Artsyl Technologies harnesses these tools to bring real results to financial services companies, automating core information workflows in finance and accounting businesses.

Artsyl focuses on solving the most painful, manual steps in common business processes; document handling and routing, transaction data entry and validation and reports/process monitoring. By partnering with Artsyl Technologies, financial services companies can:

  • Properly handle paper and digital documents from multiple channels and formats quickly and efficiently
  • Extract relevant business/transaction data from documents automatically and validate data against existing business records
  • Monitor business processes to target and eliminate bottlenecks through reports and alerts
  • Report on critical business KPIs

By relying on Artsyl solutions for extracting data from scanned paper documents and electronic files, customers achieve more timely access to data and can automatically eliminate duplicate documents/data, in turn improving their visibility over financial KPIs.

Artsyl Solutions Take the Pain Out of Your Business Processes and Get You Up and Running Quickly

Artsyl’s docAlpha digital transformation platform provides intelligent capture, data validation, automated workflow and ERP/ECM integration to fully automate data/document-dependent processes.

By relying on docAlpha’s finance/accounting workflow automation software, financial services firms can automatically classify, sort and file large volumes of paper and digital documents while also extracting meaningful information from them. These functions bring numerous benefits to your business, including:

  • Reduced Labor Costs: Maximize your staff’s productivity and performance with accounting and finance workflow automation that takes care of their routine data entry and filing tasks, allowing them to focus on more complex functions.
  • Reduced Space Demands: By capturing paper files in an electronic format, you require less physical space while still complying with document retention policies.
  • Instant Access: Access documents instantly and securely, whenever and wherever you need them.
  • Data Protection: docAlpha protects your data by keeping it on-site, preventing you from losing important information to disasters and accidents.
  • Instant Auditability: Keep detailed audit trails of documents, data and decisions for auditors.

With these benefits, your business can cut costs with your accounting workflow automation software, all while improving visibility and customer service quality.

Browse our products to learn more about docAlpha and automatic data capture for your financial service company.