69% of Financial Institutions Still Rely on Manual Exception Tracking Processes

A recent study by a document management software company shows a need for modernization in exception management practices.
 
 
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Tags:
Exception Management
Manual Tracking
Financial Institutions
Document management
Digitalization

Industrys:
Banking
Software

Location:
Pueblo - Colorado - US

Subject:
Surveys

PUEBLO, Colo. - May 13, 2014 - PRLog -- A recent study by the document management software company AccuSystems indicates that a majority of bankers believe an electronic exception management system is a good investment; however, 69% of financial institutions are still relying on manual tracking systems. 22% are still using spreadsheets.

“The study indicates there is still a lot of room for growth,” says Alan Wooldridge, Co-President of AccuSystems, LLC. “Each day, we encounter new clients who are looking to get more from technology. Financial institutions can become more efficient by implementing a comprehensive exception management package, such as AccuAccount.”

Surveying 96 community banks and credit unions, with combined assets of over $30 billion, the study found that 38% of respondents listed missing, expired, or expiring documents as the most difficult exceptions to manage.

Manual systems take time, tedious attention by the individuals doing the paperwork, and important information can be lost along the way. By selecting and implementing a proper exception management tracking system, many financial institutions can alleviate manual processing headaches and become even more efficient in their day-to-day activities.

To download the complete report, visit http://go.accusystem.com/exception-management/

Learn more about AccuSystems and its document management solutions by visiting: http://www.accusystem.com.

To schedule an interview with AccuSystems, please contact Alan Wooldridge, Co-President by dialing (800) 950-2550 or visit http://www.accusystem.com.

About AccuSystems

AccuSystems, LLC develops and markets banking software products for North American financial institutions. The company’s products are used in over 200 financial institutions, assisting them with millions of dollars in portfolios. These products streamline workflow processes, and provide accountability and control to management while increasing the productivity of thousands of users. AccuSystems, LLC is headquartered at 3921 Outlook Blvd, Pueblo, Colorado, 81008.

Contact

Alan Wooldridge

800-950-2550

***@accusystem.net (../email-contact.html#12257759)

Contact
Alan Wooldridge
***@accusystem.net
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