Document Management for Financial Services

Organisations operating within the UK Financial Services sector face a host of regulatory constraints, which are designed to protect both the consumer and the corporate entity.

Compliance is still a key issue and organisations have a requirement for powerful and dynamic Information Technology solutions to support their businesses.

To this end, many organisations within this sector have implemented Version One's award-winning intelligent, automated electronic document management and document imaging software, including the world's best-known insurance brand.

With a typical ROI of less than six months, Version One's document management solutions are enabling these organisations to save dramatic amounts of time and money.

"These processes are labour-intensive, inefficient, costly and prone to both data entry errors and lost invoices during the approval process.

By automating purchase-to-pay, huge amounts of paper will be removed from the process. The finance department will no longer need to chase paper invoices around the company during the approval process, provide copy invoices and print, envelope and post cheques and remittances. The filing and retrieval of paper invoices will also be eliminated and time spent manually entering invoice data will be significantly reduced."

Coralie Poumel
Financial Controller
Admiral Group