What is virtual data room?
Financial institutions continue to struggle with information overload and paper processing. Legacy systems can’t manage all types of content that are part of the case. Virtual customer file is thus the right solution.
EVERYTHING YOU NEED TO KNOW
Financial institutions continue to struggle with information overload and paper processing. Legacy systems can’t manage all types of content that are part of the case. Virtual customer file is thus the right solution.
- Contains processes, tasks, data, and documents;
- Some activities can be shared by multiple users;
- Declares reached milestones;
- All aspects are visible;
- Contains policies for decisions and how information is managed;
- Collaborations - accounting for how and why decisions were made.
- Manual and Paper Processes- Financial institutiions continue to struggle with information overload and paper processing;
- Inefficiency and expense - Legacy systems can't manage all types of content that are part of the case;
- Inadequate information access-It's increasingly difficult to rapidly retrieve needed information and view all content across a branch /central office;
- Missing Content Management- Legacy systems often miss the workflow, versioning, and records management;
- Limited Collaboration- Current systems limit external access to other related bank/banking agencies;
- Low Visibility- "Management by surprises" rather than dashboards and proactive management.
Our solution consists of the following components:
- Input of the data/content from scanning/indexing, import from other systems (email, DM, ERP, core-banking), forms, fax etc.;
- Compliance - verification/validation of input data according to key algorithms, databases, current legislation and standards etc.;
- Content - federated repository, search capabilities/information access, document management functionalities;
- Output - reports, tracking & auditing, dynamic communication.
Benefits
Delivers Speed to Value
- Digitization of paper documents;
- Mapping of business processes;
- Integrates people, process, information, systems, applications and data;
- Generates rich personalized communications;
- Automates compliance.
- Eliminating information silos;
- Quickly finding information throughout the enterprise;
- Enabling case management applications with secure information management.
- Archive repository;
- Records/retention management;
- Information protection;
- Full security & audit trail;
- Integrations with Line of Business applications;
- Optimized storage.
- Reuse one ECM platform fori mplementing many business solutions;
- Optimize businessprocessesby building automations using BPM;
- Flexible and scalable architecture,resourcecontrolfor each application;
- Minimize costsby quick implementation rollouts from one business unit to other;
- Reducemaintenanceoverhead, fewer IT resources for only one ECM platform;
- Fulfillregulatory complianceusing certified products and specialized applications;
- Speed case resolutionthrough streamlined and automated business processes;
- Collaborate securelywithin and across banking agencies;
- Deliver faster, more reliable responsesto customers and businesses;
- Find, share and manage informationmore effectively;
- Complywith internal & international records regulations;
- Archive closed cases electronically to provide quick access.