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Commentary

Addressing Document Management Challenges

Automation is key to streamlining tedious, labor-intensive document management processes.

By Greg Council | Updated on August 12, 2015
Credit unions everywhere face fundamental challenges with document-based information. Left unresolved, these significantly impact both compliance and competitiveness.

Regardless of their industry, employees who deal with document-based information understand how tough it is to access the right document at the right time, and ensure that documents used within a business process are complete and available in a timely manner.

Loan and Account Processing Issues

Credit unions are impacted more than many other organizations are due to the volume of documents required for engaging with existing and new members. Each product offered typically starts with an application and is supported by many other documents including, but not limited to: W2 statements, 1099 forms, paycheck stubs, bank statements and identification documents.

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