In today's turbulent economic environment, financial services firms are looking for every way to rapidly cut costs
Waterloo, ON (PRWEB) February 18, 2009
Arius Software today announced the immediate availability of Arius DocumentAdvantage™, a document imaging and management solution designed specifically for the financial services industry. DocumentAdvantage enables rapid processing, fast retrieval, and centralized management of massive client-related document archives while enhancing corporate compliance practices and policies. DocumentAdvantage drastically reduces costs associated with hard copy document management including storage, transportation and labor. Importantly, DocumentAdvantage can be deployed in a few days with zero up-front software costs and minimal services. The monthly software licensing fees are based on the number of new documents managed by the system.
"In today's turbulent economic environment, financial services firms are looking for every way to rapidly cut costs," said Adam Zimmer, President and CEO, Arius Software. "We are launching DocumentAdvantage with 'pay-as-you-grow' pricing to provide budget relief and immediate value by improving operations and compliance practices."
With DocumentAdvantage, paper documents are scanned, stored and organized using barcodes - transforming a paper trail that often travels between branches and head office storage into a rapidly accessible, centrally managed, digital document archive. DocumentAdvantage streamlines workflows and drastically reduces costs associated with document management including storage, transportation and labor. DocumentAdvantage will also reduce the burden of regulatory audits. Within minutes, DocumentAdvantage can produce a DVD of all documents requested in a regulatory audit. Leveraging an easily accessible central digital archive is exponentially more efficient than time and labor intensive process of requesting the physical documents from off-site or branch storage, assembling, copying and distributing material and finally refilling to original location.
The adoption of DocumentAdvantage can also improve corporate compliance practices by improving:
- Access speed to documents for authorized users
- Document retention by reducing misplaced and lost documents
- Business continuity and data protection with secure off-site replication of documents
- Security of client documents with login controlled access
For more information about DocumentAdvantage and Arius Software, visit http://www.ariussoftware.com.
About Arius Software
Arius Software is a leading provider of account opening and document management solutions for financial services. Our flagship product, OpenAdvantage, enables wealth management firms to attract new customers, increase operational efficiency and reduce costs by creating a superior personalized account opening experience. Arius has been the chosen Enterprise Account Opening platform and professional services partner of leading North American financial services firms. Arius Software is a privately held software company based in Waterloo Ontario. Visit http://www.ariussoftware.com for more information.