In financial services, accuracy is king. It is fundamental to have one, unified system available for all staff and financial professionals. With access to all relevant documentation in just a few clicks, such tools make life far more simple for all members of staff. Such a central reference point is crucial to securing a business which operates well, leaving a positive lasting impression on customers.

The financial services industry is knowingly one of the most highly regulated in the world. This can provide complications for firms in the sector when it comes to audits and compliance, particularly with so much sensitive paperwork. Duff & Phelps found that 24% of leading finance organisations expect to spend more than 5% of revenue on compliance by 2023, highlighted by the fact that 73% are prepared to invest in tools to handle the process. Digital automation solutions allow documents to be easily stored and filtered, meaning that they can be easily found and built into a process which assures regulatory compliance.

Linking up with the many different systems at play in the financial services sector is essential. It is of the utmost importance that documentation can be put to good use with a variety of different systems to link up and provide new benefits for the institution. Digital transformation solutions ensure that this is possible and are designed to work alongside various tools to allow financial services companies to maximise their efficiency and reduce costs whilst providing the best possible customer service.