Uniting their multiple content and records management systems can help financial institutions streamline internal processes, comply with regulations and drive growth.
The large amount of data gathered or created by a financial institution often is stored in numerous places around the organization. This slows down information searches and hinders audit and compliance requests. Complicating the problem is the use of collaboration systems, either on-site or in the cloud, creating additional content repositories.
An enterprise content management system that is linked to other business applications feeds appropriate documents and forms into workflow streams. This paper discusses how maintaining a centralized ECM system enables a financial institution to focus on its core business functions and more easily respond to the demands of regulators.